The S&P 500 has been trying to balance the relationship between interest rates and fed expectations this year, but it failed to find a balance point in August. The index fell 4.24% in August, 17.02% year to date and 7.86% higher than the low point on June 16. The market enters September, which is often the worst month of the year for Chinese and American stocks. Since 1928, the average decline of American stocks in September is 1.03%.
This week, monkeypox virus continued to spread in the United States, but the growth rate seems to have slowed down. To date, 19465 monkeypox cases have been confirmed in the United States (16926 last week, according to the US Centers for Disease Control and prevention). A total of 52090 monkeypox cases were confirmed in 100 countries around the world.
In terms of the COVID-19, the FDA of the United States has approved a new drug for Omicron ba. 4 and ba The COVID-19 vaccine with 5 subtypes is awaiting approval from the US CDC and is expected to be launched in late September. In terms of COVID-19 vaccination rate, 78.4% of Americans have received at least one shot, 66.8% of Americans have completed vaccination, and 32.4% of Americans have completed booster vaccination. The cumulative total number of COVID-19 cases reported in the United States increased from 94 million last week to 94.6 million, of which the cumulative number of deaths reached 1.047 million.
In terms of economic data disclosed by the United States this week, the S&P CoreLogic case Shiller house price index rose 0.4% month on month in June, with a year-on-year increase of 18.6%; The US Federal Housing Finance Bureau’s housing price index in June rose by 0.1% month on month and 16.2% year-on-year; The US consumer confidence index in August was 103.2, greatly exceeding expectations; Jolt’s July report shows that the current employment of the United States is 11.239 million, higher than the expected 10.4 million; In the second quarter of 2022, the US non-agricultural productivity was – 4.1% after correction; The unit labor cost of the United States is 10.2% after correction, which is lower than the original 10.7%; The US manufacturing PMI index in August was 51.5, exceeding the expected 51.3; The ISM manufacturing index of the United States in August was 52.8, exceeding the expected 52.0; Us construction expenditure fell by 0.4% in July, unchanged from expectations; US factory orders fell 1.0% in July, less than expected; ADP reissued the private sector employment data after “revising” the report, and reported 132000 new jobs in August (down from 270000 in July). ADP also pointed out that the annual salary of those who kept their jobs increased by 7.6% year-on-year, while the annual salary of those who changed jobs increased by 16.1%.
None of the 11 industry sectors covered by the S&P 500 rose this week. Among them, the public utilities sector had the best performance this week, falling by 1.57% and rising by 3.70% year to date; The materials sector had the worst performance this week, falling by 4.988% and 18.14% year to date.
The second quarter report of S&P 500 is about to be disclosed, and the two companies with a total market value of 0.2% will release the second quarter report next week. So far, 492 companies in the S&P 500 (accounting for 98.7% of the total market value) have disclosed their second quarter results, of which 369 companies (accounting for 75.0% of the total market value) have exceeded expectations.
Next week’s US economic data disclosure schedule is as follows: next Tuesday (US Eastern time, the same below), the PMI index and ISM index of the US service industry will be disclosed; Next Wednesday, the weekly mortgage application report of the United States and the international trade report of goods and services will be disclosed; Next Thursday, the weekly report on the number of us initial jobless claims and the weekly EIA oil report will be released; The US wholesale and inventory report will be released next Friday.