Although the decline of the stock index is not so significant, the sharp drop of international crude oil futures for three consecutive days this week is enough to show the strong concern of the market about the economic recession, and the increasingly upside-down of US two-year/ten-year treasury bonds is undoubtedly the best evidence. At present, this key economic indicator is in an extreme state in the past 40 years.
NicholasColas, founder of research institute DataTrek, said that this key indicator is in a very extreme state, which obviously frightened stock investors. The last time we saw this situation was at the beginning of the Volcker recession, the Federal Reserve began to cut interest rates, but now the Federal Reserve is still talking about continuing to raise interest rates and maintaining restrictive policies. Judging by the market, there will soon be another artificial economic contraction-"Powell recession".
Catherine Wood, a well-known technology investor, also came out to make up the knife at the right time, stressing that the Fed is making serious policy mistakes and deflation is a more serious risk than inflation.
AzharIqbal, an analyst at Wells Fargo, also said on Wednesday that a series of economic indicators point to the coming recession. In the past few business cycles, the Standard & Poor's 500 Index peaked on average four months before the recession began.
Active stock's performance
The S&P 500 index 1 1 plate continued to maintain most of its decline on Wednesday. Communication services and information technology performed worst, while health care, compulsory consumption and real estate closed up.
Large technology stocks continued to weaken, with Apple down 1.38%, Microsoft down 0.3 1%, Google down 2. 10%, Amazon up 0.24%, Tesla down 3.2 1% and Meta down 0.17.
China Stock Exchange, which has performed strongly recently, also adjusted on Wednesday, with the Nasdaq China Jinlong Index closing down 2.83%.
Most popular Chinese stocks also fell, among which Tencent ADR fell 1.6 1%, Alibaba fell 3.4 1%, JD.COM fell 3. 15%, Bi Li Bi Li rose 5.64%, Netease rose 0.28% and Baidu fell 2.34%.
Company news
Apple has introduced many new data protection functions that even the company itself can't crack.
Apple announced on Wednesday that it will launch three user data protection functions, including contact authentication, supporting AppleID to set physical security locks, and providing end-to-end encryption for iCloud backup data to ensure that most users' data can still be protected even if Apple itself is hacked. Craig Craig federighi, Apple's senior vice president of software engineering, said that this feature will be open for testing from Wednesday and will be launched to users around the world in 2023.
The Bitcoin base of cryptocurrency exchange predicts that its revenue will be at least halved in 2022.
Brian Armstrong, CEO of Bitcoin base of cryptocurrency exchange, said in an interview with the media on Wednesday that the company's revenue and EBITDA in 20021year were $7 billion and $4 billion respectively. With the sharp deterioration of the market environment this year, these financial data in 2022 may be only half or even less.
At present, analysts estimate that the revenue of Bitcoin base will be $3.2 billion in 2022, which is nearly 60% lower than that of 20021year. As of Wednesday's close, the share price of Bitcoin base has fallen by 83% so far this year.
Market rumor: Musk promoted the president of Tesla China as the global CEO.
According to domestic media Pinwan reported on Wednesday, Musk has chosen to appoint Zhu Xiaotong as the global CEO of Tesla. According to public information, Zhu Xiaotong joined Tesla Motors in April 20 14 as the project director of Tesla China Super Charging Station. 20 14 12, Wu Bi, global vice president of Tesla and president of China, resigned, and Zhu Xiaotong, project director of the super charging station, took over.
In the trial of Musk's salary in 165438+ 10, Tesla director james murdoch testified that Musk had found a successor to lead Tesla in the past few months, but did not disclose the specific candidate. For this news, as of press time, neither Tesla nor Musk responded.
Aggressive investment institutions call for the replacement of BlackRock CEO Larry Fink.
On Wednesday, local time, BluebellCapital, an activist investment institution, told the media that it believed BlackRock had failed to fulfill its commitment to ESG and demanded the replacement of CEO Larry Fink. GiuseppeBivona, a partner and co-founder of BlueBell, said that BlackRock made a commitment to customers to withdraw from thermal coal investment in 2020. "When the coal price was around $76/ton, BlackRock began to discuss divestment; Now that coal prices have risen to $380, they will not mention environmental responsibility. "
In this regard, BlackRock recently responded that Blue Bell's proposal is not in the best economic interests of the company's customers.
The following is a summary of important information about the global market:
Overnight News An absurd confrontation about inflation is being staged within the European Central Bank.
The EU announces the ninth round of sanctions: the official announcement will ban new investment in Russian mining industry.
The Bank of Canada raised interest rates by 50 basis points as expected, and hinted that this round of tightening cycle is coming to an end.
Russian grain exports are back to normal! 65438+February wheat exports will be close to the highest level in history.
Is the coal ban weak? Russian coal exports rebounded sharply after the European Union relaxed transportation restrictions.
Plan ahead! EU leaders have begun to prepare for heating next winter.
Throughout the three major indexes of US stocks, the decline was the main factor, and the popular Chinese stocks generally fell.
Major indexes of European stock markets fell collectively.
On Wednesday, most popular Chinese stocks fell, and Tuniu rose more than 20%. The recovery trend of tourism market is obvious.