Morning Market News Digest And Comments 早盘市场新闻摘要及评论

Pacific Time 7:25 AM : Dow +288，  S&P 500 +26， Nasdaq +76， Russell 2000 +16 ,WTI crude oil -0.23%，Gold-0.05%， US dollar index+0.12%, 10 Year Treasury yield 2.128%+0.047

Oversea markets: Shanghai-0.96%, Japan-0.01%, Hong Kong -0.49%, Germany+1.22%, UK+0.34%, France+0.42%.

Weak sectors: TLT, EEM  Strong sectors:XRT, OIH, EWG, PPH, SMH, IYT, XLY, IYM

Major US stock indexes rebound strongly at the open after dropping 9 out of the past 11 days. It is an oversold bounce. However, no trade war issues have been resolved and on top of this Apple, Amazon, Google and Facebook are to be investigated by FTC and DOJ. Amazon, Facebook and Google are still weak this morning after yesterday's big drop and they likely will continue to be a drag for the market. It is tough for the market bounce to go far with intensifying trade war, big companies are being investigated and deteriorating technicals and fundamentals. Strategy is sell on rallies. Near term resistance for the S&P 500 is its 200 day moving average 2775 then 2800.

。The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies. The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department. ---Reuters

。"Markets "seem to be seeing something that WE'RE not seeing as quickly," says Chicago Fed President Charles Evans, appearing on CNBC. "We need to pay attention to that," he adds.Indeed. Short-term rate futures markets are pricing in about a 90% chance of a rate cut in September. With his remarks, Evans joins fellow central banker Jim Bullard, who yesterday suggested a rate cut soon might be appropriate. Both Evans and Bullard lean dovish, but later this morning we'll get to hear from Fed Chairman Jay Powell. ---Seeking Alpha

。Oil futures on Wednesday risked a fifth straight drop and a plunge into bear-market territory after reaching the lowest settlement price in more than three months Tuesday, dropping on heightened concerns for the global economy and tariff tensions that could potentially hurt demand for oil. ---Market Watch

。Billionaire Stan Druckenmiller, who said he could see the Fed funds rate going to zero in the next 18 months if the economy softens, and that he recently piled into Treasuries as the U.S. trade war with China escalated. "When the Trump tweet went out, I went from 93% invested to net flat, and bought a bunch of Treasuries," Druckenmiller said Monday evening quoted by Bloomberg, referring to the May 5 tweet from Trump which threatened an increase in tariffs on China and which sparked the most vicious bout of trade-war related selling yet. Explaining his decision, Druck said that it's “not because I’m trying to make money, I just don’t want to play in this environment."  ---Zero Hedge

。Amazon.com, Facebook — Loop Capital raised its price target on Amazon shares to $2,380 from $2,200 while maintaining a “buy” rating, and reiterated its “buy” rating on Facebook while maintaining a $200 price target. Both stocks were under pressure yesterday on the increased likelihood of federal probes into their business practices. Fellow FANG stock Netflix was upgraded to “buy” from “hold” at Loop, which raised the price target to $425, with the firm citing an “unstoppable lead” in subscription video streaming. ---CNBC

。Tiffany （TIF） earned $1.03 per share for the first quarter, a penny a share above estimates. Revenue came in below forecasts, however, and a same-store sales decline of 5% was larger than the 1.2% decline anticipated by analysts surveyed by Refinitiv. Tiffany points to currency headwinds and “dramatically lower” spending by foreign tourists.---CNBC





太平洋时间早上7点25分：道指+288，标准普尔500指数+26，纳斯达克+76，罗素2000 + 16，WTI原油-0.23％，黄金0.05％，美元指数+ 0.12％，10年期国债收益率2.128％ +0.047

海外市场：上海-0.96％，日本-0.01％，香港-0.49％，德国+ 1.22％，英国+ 0.34％，法国+ 0.42％。

弱势行业：TLT，EEM 强势行业：XRT，OIH，EWG，PPH，SMH，IYT，XLY，IYM

美国主要股指在过去11天下跌9天后在开盘时强劲反弹。 这是超卖反弹。 然而，没有任何贸易战问题得到解决，除此之外，FTC和DOJ将调查苹果 （AAPL），亚马逊（AMZN），谷歌（GOOG）和Facebook（FB）。 亚马逊，Facebook和谷歌在昨天的大幅下跌后今天变现仍然疲软，并且可能继续拖累市场。 随着贸易战的加剧，大公司正在受到调查，技术和基本面日益恶化，市场反弹很难走得远。市场策略是逢高卖出。标准普尔500指数的近期阻力位是其200天移动平均线2775然后是2800。

。消息人士周一告诉路透社，美国政府正准备调查亚马逊 （AMZN），苹果 （AAPL），面书（FB）和谷歌（GOOG）是否滥用其庞大的市场力量。这可能是对世界上一些最大公司进行前所未有的广泛调查。美国联邦贸易委员会和司法部在美国执行反垄断法，两家消息人士表示，FTC将负责亚马逊和Facebook以及美国司法部将负责苹果和谷歌对这四家公司进行监管。 ---路透社

。“市场”似乎看到了一些我们没有看到的东西，“芝加哥联储主席查尔斯·埃文斯出现在CNBC上说。”我们需要关注这一点，“他补充说。事实上。短期利率期货市场显示9月份降息的可能性大约为90％。在他的讲话中，埃文斯加入了中央银行家吉姆布拉德，他昨天表示很快降息可能是合适的。埃文斯和布拉德都倾向于温和，但今天晚些时候我们我们会听到美联储主席杰伊鲍威尔的意见。---Seeking Alpha

。在周二达到三个多月以来的最低结算价之后，周三的石油期货价格连续第五次下跌并进入熊市领跌。原油因市场对全球经济的担忧加剧以及可能可能损害石油需求的关税紧张局面而下降。 ---Market Watch

。亿万富翁斯坦德鲁肯米勒（Stan Druckenmiller）说，如果经济疲软，他看到未来18个月联邦基金利率将降至零，并且随着美国与中国的贸易战逐渐升级，他最近涌入国债。 “当特朗普的推文发布时，我从投资的93％股票投资到完全推出市场而买了一堆国债，”周一晚间彭博社援引斯坦德鲁肯米勒的话说。他指的是特朗普5月5日发布的推文，威胁要提高对中国的关税。这引发了与贸易战相关的最恶毒的股市抛售。在解释他的决定时，德鲁克说，“这不是因为我不想赚钱，我只是不想在这种环境下玩。”---Zero Hedge

。Loop Capital将亚马逊股票的目标价格从2,200美元上调至2,380美元，同时维持“买入”评级，并重申其在Facebook上的“买入”评级，并保持200美元的目标价格。由于联邦调查业务实践的可能性增加，这两只股票昨日都面临压力。 FANG股票Netflix （NFLX）被Loop从“持有”升级为“买入”，将价格目标提升至425美元，该公司称NFLX其在订阅视频流方面处于“不可阻挡的领先地位”。 --- CNBC

。蒂芙尼（TIF）第一季度每股收益1.03美元，比预期高出一美分。然而，收入低于预期，同店销售额下降5％，大于Refinitiv调查的分析师预期的下降1.2％。蒂芙尼指出货币逆风和外国游客的“大幅降低”支出影响业绩。--- CNBC