On the eve of the Federal Reserve's decision and the release of CPI data, Morgan Stanley clients flocked to US stocks

Zhitong
2024.06.12 12:28
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On the eve of the announcement of the US monetary policy, the biggest concern for US stock traders is missing out on the potential next round of gains. Traders at JPMorgan Chase indicated that clients are cutting back on safe investments and increasing their long positions, indicating their focus on upward opportunities. Meanwhile, tech stocks continue to lead the US stock market, with the S&P 500 Index and the NASDAQ 100 Index closing at historic highs. So far this year, the S&P 500 Index has risen by nearly 13%, while the NASDAQ 100 Index has surged by 14%. The research team led by Jill Carey Hall pointed out that private and hedge fund clients have dominated the net buying volume, and share buyback execution is also approaching record levels, indicating a renewed influx of clients into the US stock market