Morning Market News Digest And Comments 早盘市场新闻及评论

Pacific Time 7:48AM : Dow -22，  S&P 500 -4.32， Nasdaq -33.20， Russell 2000 -6.17,WTI crude oil-2.12%，Gold+0.44%， US dollar index+0.08%, 10 Year Treasury yield 2.134%-0.009

Oversea markets: Shanghai-0.56%, Japan-0.35%, Hong Kong -1.73%, Germany-0.33%, UK-0.59%, France-0.66%.

Weak sectors: SMH, SOCL, XRT  Strong sectors: GDXJ, GDX, SLV

US stocks opened lower, bounced and are now trend back down again. Yesterday's weak close, oil stocks down big as oil price continue to drop and weakness in semiconductor sector after analyst downgraded Lam Research (LRCX) all are bearish for the market. The Nasdaq Composite is staying below its 50 day moving average after dropping below it yesterday. Both the Dow and S&P 500 are on the verge of breaking below their 50 day moving averages. Stock market looks finished bouncing and likely turning back to the downside. The Nasdaq Composite will be pacing the market with downside supports at its 20 day moving average at 7672 and 200 day moving average at 7517.



。May Consumer Price Index: +0.1% vs. in-line with consensus, +0.3% prior. Core CPI +0.1% vs. +0.2% consensus, +0.1% prior. ---Seeking Alpha

。A former top trade advisor to President Donald Trump says he thinks the U.S. will emerge from its lengthy negotiations with China with a deal — but it won’t happen at the G-20 summit at the end of this month. Willems, who was the deputy director of the National Economic Council and who played key negotiating roles in past multilateral summits, said that the high-profile summit in Osaka, Japan, could be the catalyst for closing a deal with Beijing. Trump expects to meet with Chinese President Xi Jinping at that summit, and he told CNBC on Monday that he would slap new tariffs on Chinese goods if Xi does not attend. ---CNBC

。“While the Fed may eventually be forced to support growth, especially if the ongoing trade dispute with China inflicts lasting damage on capital spending and employment, we don’t expect a rate cut soon,” says Mark Haefele, UBS’ global chief investment officer. UBS believes recent economic data has been “mixed,” rather than weak, which don’t warrant an easing of monetary policy anytime soon. The bank cited unemployment rate “at a multi-decade low of 3.6%,” “robust demand for workers” and high consumer confidence. ---CNBC

。BP said in its annual energy statistical review released Tuesday that the oil market’s "rollercoaster" would run for some time to come, with slowing economic expansion possibly impacting demand.
API Inventory report: Crude +4.85mm (-1.0mm exp), Cushing +2.4mm (+1.97mm exp), Gasoline +830k (+700k exp), Distillates-3.5mm (+1.1mm exp). --- Zero Hedge

。Tesla‘s (TSLA)Elon Musk said at the company’s shareholder meeting “ I want to make clear there’s not a demand problem. Sales have far exceeded production and production has been pretty good,”  adding that Model 3 sales have far outstripped the sales of its main competitors, both in units and in dollar amount. The company has a “decent shot a record quarter” in terms of sales and production, and most of its orders are coming from new customers, Musk said. ---Market Watch

。The FTC has asked District Judge Lucy Koh to deny Qualcomm's (QCOM) request to delay enforcement of an antitrust ruling handed down in May, announcing that it was in the public interest because an appeal could take years. LG Electronics (LGEAF) reiterated the view of the FTC, saying it could be forced into signing another unfair deal unless Koh's protections remain in place.---Seeking Alpha

。Apple (AAPL) is in talks to buy a key modem unit at Intel (INTC), in what could spur internal plans for modem development, The Information reports. Intel is considering selling its modem business in parts, and the report notes Apple is in discussions to buy the German operations -- the foundation of Intel's business because of its acquisition of Infineon's modem operations there. Any deal would mean hundreds of modem engineers flowing to Apple, the report notes. ---Seeking alpha

。Beyond Meat (BYND) gains after Tim Hortons announces that Beyond Meat Breakfast Sandwiches are now available at almost 4K Tim Hortons restaurants in Canada after a strong consumer response to testing. （Bernstein downgraded BYND this morning.) ---Seeking Alpha

。Evercore downgrades Lam Research (LRCX) from Outperform to In-Line and cuts the target from $225 to $195. The firm sees the memory recovery as pushed back to H2 2020. ---Seeking Alpha






太平洋时间上午7:48：道指-22，标准普尔500 -4.32，纳斯达克-33.20，罗素2000 -6.17，WTI原油-2.12％，黄金+ 0.44％，美元指数+ 0.08％，10年期国债收益率2.134％ - 0.009

海外市场：上海-0.56％，日本-0.35％，香港-1.73％，德国-0.33％，英国-0.59％，法-0.66％。

弱势行业：SMH，SOCL，XRT 强势行业：GDXJ，GDX，SLV


美股开盘走低，反弹，现在又回落。昨日收盘的疲软，原油价格继续下跌负面冲击油股以及 分析师下调Lam Research（LRCX）评级导致半导体板块下跌均对市场利空。纳斯达克综合指数在昨天跌破该50日移动均线（7860）后今日还是维持于该水平之下。道琼斯指数和标准普尔500指数也即将跌穿50日移动均线。股市看起来已经完成反弹，转向下行的机会大。纳斯达克综合指数将引领市场下跌。纳指的下行支撑是20日均线7672和200日均线7517。


。5月份消费者价格指数：+ 0.1％，与市场预期一致，四月+ 0.3％。核心CPI + 0.1％对比+ 0.2％的预期，四月+ 0.1％。 ---Seeking Alpha

。唐纳德特朗普总统的前任首席贸易顾问表示，他认为美国将与中国进行冗长的谈判，而妥协不会发生在本月底的20国集团峰会上。威廉姆斯是国家经济委员会的副主任，曾在过去的多边峰会中担任重要的谈判角色，他表示，日本大阪举行的备受瞩目的峰会可能成为与北京达成协议的催化剂。特朗普希望在那次峰会上会见中国国家主席习近平，他周一告诉CNBC，如果习近平不出席，他将对中国商品征收新的关税。 --- CNBC

。“尽管美联储可能最终被迫支持经济增长，特别是如果与中国的持续贸易争端对资本支出和就业造成持续损害，我们预计不会很快降息，”瑞银全球首席投资官马克•海菲尔表示。瑞银认为近期的经济数据“喜忧参半”，而不是疲软，这并不能保证很快就会放松货币政策。该银行将失业率称为“处于3.6％的数十年低点”，“对工人的强劲需求”和高消费者信心是不减息的两个原因。 --- CNBC

。英国石油公司在其周二公布的年度能源统计评估中称，石油市场的“过山车”将持续一段时间，经济增长放缓可能影响需求。API库存报告：原油+ 4.85mm（-1.0mm exp），Cushing + 2.4mm（+ 1.97mm exp），汽油+ 830k（+ 700k exp），馏分-3.5mm（+ 1.1mm exp）。 --- Zero Hedge

。特斯拉（TSLA）总裁埃隆马斯克在公司股东大会上表示，“我想明确表示不存在需求问题。销售额远远超过了产量和产量一直很好，“并补充说，模型3的销售额远远超过其主要竞争对手的销售额，无论是单位还是金额。马斯克说，该公司在销售和生产方面正处于“创纪录的季度”，其大部分订单来自新客户。 ---Market Watch

。美国联邦贸易委员会要求地区法官Lucy Koh拒绝高通公司（QCOM）要求延迟执行5月份发布的反托拉斯裁决，并宣布这符合公共利益，因为上诉可能需要数年时间。 LG电子（LGEAF）重申FTC的观点，称可能会被迫签署另一项不公平协议，除非Koh的保护措施仍然存在。---Seeking Alpha

。据英国“金融时报”报道，苹果公司（AAPL）正在洽谈向英特尔（INTC）购买一个关键的调制解调器单元，这可能刺激内部的调制解调器开发计划。英特尔正在考虑部分销售其调制解调器业务。该报告指出，苹果正在讨论收购德国业务 - 这是英特尔业务的基础，因为该公司收购了Infineon的调制解调器业务。报告指出，任何交易都意味着数百名调制解调器工程师流向苹果。 ---Seeking Alpha

。Beyond（BYND）股价上升。Tim Hortons宣布，在消费者对测试做出强烈响应后，加拿大近乎4000家的Tim Hortons餐厅现已推出Beyond 三文治早餐。(今早Bernstein 调低BYND评级） ---Seeking Alpha

。Evercore将Lam Research（LRCX）的评级从优于大盘下调至语大盘同步，并将目标价从225美元下调至195美元。 该公司将存储器的恢复视为推迟到2020年下半年。---Seeking Alpha