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cover of episode Investors Await Details of Trade Discussions

Investors Await Details of Trade Discussions

2025/5/19
logo of podcast Schwab Market Update Audio

Schwab Market Update Audio
AI Deep Dive AI Chapters Transcript
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K
Kathy Jones
K
Keith Lansford
L
Lizanne Saunders
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Keith Lansford: 作为主持人，我观察到上周股市的上涨主要受到美中贸易关系缓和的推动，但投资者仍然对未来的关税政策和潜在的贸易协议细节保持警惕。零售商如沃尔玛已经开始提高价格，这引发了对通货膨胀的担忧。同时，房屋建设数据也显示出经济可能面临的挑战，例如单户住宅开工量下降和未售出新房供应量偏高。整体来看，市场对政策变化非常敏感，未来的走向仍不明朗。 Lizanne Saunders: 作为首席投资策略师，我认为市场在早期低估了经济的韧性，但现在可能又有些高估了。关税的缓和确实降低了经济衰退的风险，但风险并未完全消除。我们需要密切关注经济数据和政策变化，以更好地评估市场前景。 Kathy Jones: 作为固定收益策略师，我强调当前市场面临的挑战是政策变化过于迅速，导致市场波动性增加。在这种情况下，投资者需要谨慎操作，避免站错立场。尽管长期来看，我预计收益率将在未来几个月内保持波动，但随着经济增长放缓，今年晚些时候可能会开始下降。此外，由于关税带来的通胀压力和外国投资者的需求减少，10年期国债收益率可能不会像其他周期那样大幅下降。我们预计美联储今年将降息两次，最早可能在九月。

Deep Dive

Chapters
The podcast begins by discussing the recent stock market rally following a temporary easing of US-China trade tensions. However, concerns remain about the sustainability of this rally given the ongoing uncertainties surrounding tariffs and trade deals.
  • Stock market rallied sharply last week.
  • Dow Jones Industrial Average rose 3.4%
  • S&P 500 up 5.3%
  • Nasdaq Composite gained 7.2%
  • US and China agreed to temporarily lower tariffs.

Shownotes Transcript

The markets are coming off a strong week after a sudden thaw in U.S.-China trade relations, but tariffs and inflation remain a concern.

Important Disclosures

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