The Federal Reserve Sends Strong Signals

1️⃣#Federal Reserve Meeting Minutes# Show Increasing Disagreement from July Meeting; Most Officials Support Rate Hikes to Curb Inflation, but Some Warn of Over-tightening Risks. Market Expects the Probability of a Rate Pause in September to Rise to 88%, with the Likelihood of Rate Cuts This Year Close to Zero.

2️⃣#NVIDIA's Earnings Report Explodes# After-Hours Stock Price Soars

10%! Q2 Revenue Doubles Year-on-Year Exceeding Expectations, AI Chip Demand Surges, Data Center Revenue Soars 171%, CEO Jensen Huang Claims “Next-Generation AI Chips are Accelerating Production.”

3️⃣#Tesla Price Cuts in China# Model S/X Maximum Price Cut Reaches 150,000 Yuan, Musk Launches Price War Again! Analysts Say This Move May Be to Clear Inventory in Preparation for New Model 3 Launch.

4️⃣#U.S. Stock Market Close# All Three Major Indices Declined, Dow Jones Down 0.51%, S&P 500 Down 0.76%, Nasdaq Down 1.15%. U.S. Treasury Yields Climb to New Highs Not Seen Since 2008, Tech Stocks Under Pressure.

Hot Topics: Fitch Warns of Possible Downgrades for JPMorgan and Dozens of Other Banks, Commercial Real Estate Risks Continue to Unfold; U.S. Dollar Index Hits Two-Month High, RMB Exchange Rate Under Pressure.

Market Interpretation: High Interest Rate Environment May Last Longer, the AI Boom and Cooling Real Economy Create a Sense of Dislocation, Advising Investors to Maintain a Defensive Stance.