US stocks plummeted by 1000 points, and the panic index soared by 17%!What happened?

Author:Jinan Times Time:2022.08.27

At the Jackson Hall Central Bank Annual Meeting held on August 26 (Friday) in the Eastern Time, the Federal Reserve President Powell delivered an eagle speech as expected as the market, saying that the Fed will "use our tools to use our tools" to crack down on It is still close to the highest level of inflation over 40 years. Powell spoke to extinguish the market optimistic, US stocks dived, the Dow plummeted thousands of points, and both S & P and Naqi reached the largest daily declines for more than two months.

In just 8 minutes of Powell's speech, the wealth of the richest people in the United States was washed 78 billion US dollars by blood!

The U.S. Department of Justice plans to initiate an antitrust lawsuit against Apple. Apple's stock price has fallen 3.77%to the low level since August 2, with a market value of about 709 billion yuan!

Heated market discussions: a long time for bitter days

After Powell's speech, analysts began to analyze and comment.

The Federal Reserve Mest believes that Powell convey a very strong message, that is, to resolutely allow inflation to achieve the goal. Until seeing more convincing data, it shows that inflation is declining. It is considered to increase interest rates to more than 4%, and then keep at this level. It is expected that the economy will not decline, but the economic growth rate is lower than the trend.

Jake Jolly, a senior investment strategy analyst at Meilong Bank in New York: Powell only spent 8 minutes today, and closed the door of policy turning in the short term. These statements clearly show the Fed's conclusion: interest rates need to continue to rise until they are firmly in a restricted area, and then continue there.

Win Thin, the global monetary strategy director of the American private bank Brown brothers, believes that Powell's speech was short and straightforward. There is no doubt that the Federal Reserve is far from stopping the efforts to reduce inflation. The final interest rate of the fall market pricing is 4%, and I think this may continue. Fed officials are constantly mentioning that the former Fed Chairman Walker is not a coincidence -its meaning is obvious.

Michael Arone, the chief investment strategist of Daofu Global, said: "The most surprising thing is that investors were originally preparing to greet Powell to express tough remarks on the inflation problem, but after he really did this, the stock market began to fall sharply. Investors seemed to be. I naively hoped that Powell's argument would turn, but he increased the credibility of the Fed's anti -inflation. "

Powell's speech for 8 minutes U.S. billionaire losses $ 78 billion

Powell wiped out the pigeon in his speech and hoped that the eagle sound was made. Within 8 minutes, the wealth of the richest people in the United States was washed by 78 billion US dollars (about RMB 535.9 billion). Among them, Musk's wealth evaporated $ 5.5 billion, Bezos lost $ 6.8 billion, Bill Gates lost $ 2.2 billion, and Buffett lost $ 2.7 billion. Google Sergey Brin's wealth fell to less than $ 100 billion.

The Dow has fallen below a thousand points in three months since three months.

On Friday, August 26th, Eastern Time, as of the close, the Dow fell 1008.38 points, a decrease of 3.03%, at 32283.40 points; The decline was 3.37%, at 4057.66 points. The S & P 500 Index and the Nasdaq 100 index recorded the largest single week in two months.

The 11 sectors of the S & P 500 Index were covered, and the information technology/technology sector closed down by 4.28%to lead -chip component equity and the worst performance of the worst of 9.2%, and the Sijie system fell more than 0.2%. "The best performance" , Optional consumption, telecommunications, industry, raw materials, and financial sectors fell up to 3.88%, and the energy sector closed down 1.07%to the smallest.

Nasdaq's 100 indexes of ingredients generally closed down, chip stocks fell 9.23%to lead, Mifell Technology fell by 8.93%, micro -core technology fell 6.55%, AMD fell 6.17%, NXP fell 6.09%, application materials fell down 5.90%, Micron Technology fell 5.83%, medical device company Avery Technology (ALGN) fell 7.52%, retail discount store Dollar Tree fell 6.92%, Workday rose 2.53%, and art and electricity rose 3.57%.

U.S. -US major asset ETFs generally closed down, the Nasda Index 100 ETF fell 4.10%, the S & P 500 ETF fell 3.38%, the Russell 2000 index ETF fell 3.29%, the Dow ETF fell 3.07%, the S & P 500 ETF fell 2.72%, the United States, the United States, the United States, the United States The real estate ETF fell 2.52%, and the number of US dollars and US Treasury bonds 20 years+ETF rose up to 0.75%, and the agricultural fund was looking for 1.27%. The VIX panic index soared 17.36%.

Lottery Technology stocks have plummeted the entire US Department of Justice to initiate a lawsuit against Apple

The leading technology stocks fell across the board, and the TAMAMA technology index of Wanfen USA fell 4.1%, Tesla closed down 2.7%, and fell from two days to August 11. Among the six major technology stocks of FAANMG, Google's parent company Alphabet closed 5.4%, Amazon fell nearly 4.8%, Naifei fell nearly 4.6%, Facebook's parent company Meta fell nearly 4.2%, and Microsoft fell nearly 3.9 %, Apple fell nearly 3.8%.

According to foreign media reports, a person familiar with the matter revealed that the US Department of Justice may initiate antitrust lawsuits against Apple. Lawyers are in the early stage of drafting lawsuits, which shows that a protracted survey came to key nodes. The lawsuit may soon be soon. It will come, and the specific time is not yet conclusive. Since 2019, the US Department of Justice has been investigating Apple, accusing them of abusing its market forces, killing small technology companies, including application developers and hardware manufacturers. According to the person familiar with the matter, the lawsuit that the Ministry of Justice now considers is not just a high commission for the payment system controlled by Apple and the anger of the software developers. Prosecutors are still paying attention to whether Apple's control of its equipment has damaged its competitors.

Tesla plans to double the weekly output of the Berlin Super Factory Model Y to 2,000 units, and plans to achieve this goal next month. Tesla has taken measures to increase the output of the Berlin Super Factory, and in July, they upgraded the factory.

Amazon is reportedly announced today that it will officially file an offer for Yodian.

The latest news on Russia and Ukraine

International Atomic Energy Institution Supervisor plans to arrive at the Zapolo Nuclear Power Station early next week

Ukrainian National News Agency quoted US media reports on August 26 that the international atomic energy agency supervisors plan to arrive at the Zapolo Nuclear Power Station early next week. In the past 72 hours, the director of the International Atomic Energy Agency, Gross, has been talking to Ukraine diplomats, Russian officials and French President Macron to discuss the preparations for this task.

Russian officials stated that they were open to the interview, but they had previously proposed conditions to oppose the via Kyiv to the Zapolo Nuclear Power Station, and proposed that the supervisor must go to the nuclear power plant through Crimea. unacceptable. According to people participating in the negotiations, Russia's opposition has eased.

The Russian Ministry of Foreign Affairs urged the export restrictions on the release of Russian agricultural products and fertilizers

The Russian Ministry of Foreign Affairs issued an announcement on the 26th that according to the United Nations data, 39 ships have exported a total of 84,5496 tons of grain through the Black Sea Corridor, of which corn occupies the main share (about 70%). Although UN officials claimed that more than 5 million tons of wheat stayed at the port of Ukraine before launching the Black Sea initiative, the wheat share currently exported by the Black Sea Grain Transportation Agreement is less than 15%.

The Russian Ministry of Foreign Affairs stated that it also needs a lot of work to do a memorandum of Russia's agricultural products and fertilizer exports signed by Russia and the United Nations. Although the United States and the European Union stated that sanctions against Russia were not suitable for food and fertilizer, due to the existence of sanctions, there were still many obstacles in banking, insurance and shipping.

Edit: Weekend

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