Breaking! $350 billion chip orders canceled, U.S. companies lose $10 trillion in market value!
$350 billion in chip orders were suddenly canceled overnight, causing a stock market crash for U.S. companies like Intel and Qualcomm, resulting in a market value loss of over $10 trillion! Foreign media are astonished: 'China is serious this time!' Bill Gates' prophecy has come true: 'No matter how much the U.S. restricts, it cannot stop China from becoming a technological powerhouse!'
Trump is also restless! At a joint session of Congress, he fired back, harshly criticizing the 'CHIPS and Science Act' as 'terrible' and 'useless', strongly demanding its repeal.
The trigger for this turmoil was China's customs data — chip imports plunged 21% year-on-year. Those massive orders that were originally destined for U.S. companies have just disappeared.
Even Bill Gates, who once advocated for a blockade against China, publicly opposed such mindless sanctions, warning: 'Restrictions on exports to China may backfire on the U.S., causing it to lose its leading position.'
【Traders Increase Bets on Fed Rate Cuts】
After the release of U.S. CPI data, U.S. short-term interest rate futures rose as traders increased their bets on Fed rate cuts. The market has almost fully priced in a Fed rate cut in June. Traders have ramped up bets on a full percentage point rate cut by the Fed before the end of the year.
According to CME's 'FedWatch': The probability of the Fed maintaining interest rates in May has dropped to 79.1%, while the probability of a 25 basis point cut has risen to 20.9%.
#CPI数据来袭 #特朗普暂停新关税