US stocks front line ｜ See Black Monday again!U.S. stocks have plummeted collectively, the S & P ind

The 21st Century Business Herald reporter Li Yinong Shanghai reported that the US stock market encountered Black Monday. On June 13, local time, the three major US stock indexes plummeted across the board.

As of the closing, the Dow fell sharply by 2.79%to 30516.74 points; the S & P 500 index fell 3.88%to 3749.63 points, a decrease of over 21%from the previous peak value and fell to the bear market; The closing low since October of the year has fallen by 30.91%since the beginning of the year.

Related analysis generally point out that the May consumer price index (CPI) report released on Friday (June 10, local time) shows that the U.S. inflation exceeds expected to rise, which makes the market or accelerate the tightening policy of the Federal Reserve, causing the economy to fall into the economy, causing the economy to fall into the economy. The pessimism of decline suddenly heated up. As a result, the U.S. stock market is further under pressure, and it is expected that fluctuations will intensify.

In addition, White Palace press secretary Karine Jean-Pierre also said on the same day that the Bayeon government was "close attention" the turmoil of the stock market. As of now, all the stock markets have fell back to all the gains that President Bynden took office.

Affected by the shock of the US stock market and the risk of firming the Federal Reserve's super -expected tightening, the global market has also been greatly adjusted.

European stocks closed on the 13th, and the German DAX index fell 2.43%to 13427.03 points; the French CAC40 index fell 2.67%to 6022.32 points; the British FTSE 100 index fell 1.53%to 7205.81 points.

In terms of Asia -Pacific, the Australian SP/ASX 200 index fell more than 5%after the opening on the 14th, down to the lowest level since March 2020; the MSCI Asia -Pacific Index once fell 1.2%to the lowest point since May 13.

Fortune concerns made U.S. stocks under pressure

The inflation that higher than expected will bring greater challenges to the Fed's "soft landing".

According to data released by the US Department of Labor, the United States' inflation in May increased by 8.6%year -on -year, the biggest increase since December 1981, far exceeding the expected 8.2%, which was further climbed by 0.3 percentage points from the previous month.

After the data was announced, the UBS Wealth Management Investment Office (CIO) published an institutional view that inflation rises to make U.S. stocks under pressure. The Federal Reserve adopts the possibility of a more hawk position and the possibility of data weakness, which has exacerbated investors' concerns about the prospects of growth, leading to flattening the yield curve. In view of the intensification of the market's concerns about economic growth, the interest rate hike also brings "anti -wind" to the stock market. It is recommended that investors prepare for market shocks.

Sam Stovall, the chief investment strategist of CFRA, also pointed out that the US stock market "reflects negative" to the inflation data higher than expected. Investors are increasingly worried that the Federal Reserve is far behind the curve and cannot slow down inflation without the economic decline. Essence

It is worth noting that US debt yields that are very sensitive to policy changes have soared on the 13th. As of the close, the 29.3 basis points of the 29.3 basis of US bonds were reported at 3.367%, and the yield of 3 -year US bonds increased by 24.93%. The yield of U.S. bonds rose by 20.6 base points to 3.368%, and the 30 -year US bond yield rose 15.5 basis points to 3.352%.

Among them, with the high attention of the market and being regarded as an important indicator of the decline of early warning economy -a short -term inventory of the 2 -year and 10 -year US debt yield curve, the first time since April. Relevant analysis pointed out that the signal released by the bond market also confirms the panic of the market's tightening policy on the Federal Reserve or the economic slowdown or even recession.

The probability of the Federal Reserve's "Luming Change" soared

More and more analysts believe that the Fed may discuss the possibility of 75 basis points in interest rate hikes at this week's interest rate interest conference. The last time he raised interest rates in 1994.

On the 15th local time, the Fed will end the two -day monetary policy conference and announce the latest interest rate resolution. The market has previously expected that the Fed will raise interest rates at 50 basis points at the interest rate interest rates in June and July. However, with a series of new data shows that the stubbornness of inflation is not diminished, more and more traders have shifted to discuss the possibility of the Federal Reserve or raised 75 basis points in June.

John Velis, a strategist in New York, believes that, in view of the inflation data in May, the Fed may take more aggressive interest rate hikes.

Pooja Sriram, a Barclays Bank Economist, also said, "the Fed has clearly stated that he hopes to take priority to maintaining price stability. If this is their plan, then the more radical policy position is what they need to do."

Wall Street Banks, including JP Morgan Chase and Goldman Sachs Group, have also stated that they are expected to raise interest rates by 75 basis points this week.

Related analysis pointed out that the Fed has always promised to maintain flexibility when fighting inflation -this position may promote the possibility of at least 75 basis points at the meeting at least.

"It is important to maintain flexibility," said Diane Swonk, chief economist of Grant Thornton. "(June) 75 base points at the rate hike measures will emphasize the market and the public that the Fed is committed to avoid errors in the 1970s."

However, some analysts believe that suddenly changing the 75 basis points of the strategy to raise interest rates will bring more problems to the Federal Reserve because it will confuse investors' decisions of the Fed.It is worth noting that according to the FedWatch of the Chicago Commodity Exchange, the probability of the Federal Reserve ’s interest rate hike in June at the current market is expected to fall from 76.8%a day ago to 6.6%.%Rose to 93.4%.

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