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Signals of Trump 2.0 going for deregulation? The Vice Chairman of the Federal Reserve in charge of financial regulation will resign early after Trump takes office.
According to the Federal Reserve's statement, Barr's resignation will take effect no later than February 28, and he will continue to serve as a Federal Reserve Governor until the term ends. The statement implies that he is stepping down as Vice Chairman of Supervision more than a year early to avoid potential legal disputes with the Trump administration. The media reports that Barr's decision does not indicate that Powell will also step down from the position of Federal Reserve Chairman early, but it casts a shadow over the prospects of the USA implementing new banking regulations that increase capital requirements.
U.S. stock market in the early session | The three major Indexes opened high and fell, while the Biotechnology Sector rose against the trend, with MRNA up over 10%; Fubo continued to increase by more than 10%, partnering with Disney for streaming services
On the evening of the 7th Beijing time, US stocks opened slightly higher on Tuesday. The Semiconductors Sector saw a general rise after NVIDIA announced the launch of the RTX5090 and the world's smallest personal AI supercomputer. The US stock market will be closed on Thursday in memory of former President Jimmy Carter.
Pre-markets in the Green Following CES 2025, Ahead of JOLTS
Investors are closely watching Trump's next moves. The Futures market remains stable ahead of the economic data release.
Before a series of economic data are released, USA Equity Index futures were flat on Tuesday (January 7), as investors are focused on any insights into the upcoming Trump administration policies. The data suggests that any signs of sustained economic resilience could further enhance expectations regarding the pace of the MMF easing cycle by the Federal Reserve this year.
Goldman Sachs: What does it mean when hedge funds suddenly short the market in large numbers?
Goldman Sachs Analyst John Marshall pointed out that the hawkish shift of the Federal Reserve on December 18 led to a sharp decline in financing spreads, and the selling through Futures channels is still ongoing this week. This is similar to the situation in December 2021, indicating that the U.S. stock market may face the risk of a decline.
U.S. stocks preview | "CES Technology Spring Festival" is buzzing! NVIDIA reached a historic high in pre-market trading; the "golden touch magic" is back, with NVIDIA concept stock Aurora soaring nearly 40%.
The investment director at Morgan Stanley states that US stocks may face severe challenges in the next six months due to rising bond yields and the strengthening dollar raising concerns about inflation; a Wall Street bond short seller predicts that the yield on ten-year USA Bonds will rise to 5.5% by the end of the year; under the impact of high interest rates, the bankruptcy rate of American companies has reached its highest level since the financial crisis.