The market is more sensitive to Fed’s rate cut estimate. Whether a second wave of inflation in the US is moderate, has become a new topic of analysis.The next one to two pieces of inflation data are crucial in determining the pace of rate cuts for the year, as current rate cuts are not a response to economic deteriorationInflation OutlookCore CPI is expected to remain elevated around 3.5% in Q3 2024, before a slight uptick to 3.6% by year-end due to base effects.Leading indicators like rents and wage growth are showing signs of moderation, which should help cool inflation in the coming months.Financial ConditionsTightener financial conditions, driven by higher interest rates and tightening credit spreads, are suppressing demand and inflationary pressures.However, there is a risk of a feedb
Which Great Stock Do You Always Lose Money On?
Have you ever consistently lost money on a stock that everyone thinks is great? For example, $PDD Holdings Inc(PDD)$ currently has a PE ratio of only 10.36, it's growing rapidly, and it's highly profitable. Many investors familiar with China can't resist buying Pinduoduo because it always seems undervalued.
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