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At a South Carolina rally for Senator Lindsey Graham, President Trump said: "When a country no longer has a navy, air force, radar, technical equipment and manufacturing capacity, its leader has been eliminated, second-tier leaders have been eliminat

2026-08-22

At a South Carolina rally for Senator Lindsey Graham, President Trump said: "When a country no longer has a navy, air force, radar, technical equipment and manufacturing capacity, its leader has been eliminated, second-tier leaders have been eliminated, and some third-tier leaders have been eliminated. In fact, that becomes a big problem for me because I really don't know who to deal with. This is the only country in the world where no one wants to be president. So this is a bit troublesome."

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2026-08-21

International 1. Morgan Stanley: Gold prices are expected to break through $5,000 in 2027. 2. Citibank lowers its dollar forecast: Fed dovish expectations and Treasury repurchase agreements are putting pressure on the dollar. 3. ING: The dollar co

International 1. Morgan Stanley: Gold prices are expected to break through $5,000 in 2027. 2. Citibank lowers its dollar forecast: Fed dovish expectations and Treasury repurchase agreements are putting pressure on the dollar. 3. ING: The dollar continues its decline; increased US Treasury repurchases boost risk sentiment. 4. RBC: Japanese inflation data supports expectations of a September rate hike by the Bank of Japan. 5. OCBC: The new governor of the Indonesian central bank has shifted from a high-yield policy to testing the Indonesian rupiah exchange rate. 6. Sumitomo Mitsui: The Bank of Japan's policy rate peak is unlikely to reach 2%. 7. Daiwa Capital: The breathing space gained by the European Central Bank due to limited transmission of energy shocks may be at risk. Domestic 1. CITIC Securities: Global gas turbine orders hit a record high in the second quarter; the gas turbine market continues its strong performance. 2. Galaxy Securities: Supernodes are reshaping network architecture; focus on leading domestic switch and switching chip companies. 3. China Merchants Securities: The expansion of the Hang Seng Tech Index and changes in industry trends are beneficial to cloud computing companies. 4. CITIC Securities: Further easing of real estate policies will lead to a greater focus on core cities for residential development.
2026-08-21

In its latest research report, JPMorgan Chase stated that the continued status quo in the US-Iran situation this week means that the probability of the Strait of Hormuz returning to normal by the end of the year has further decreased, currently to ab

In its latest research report, JPMorgan Chase stated that the continued status quo in the US-Iran situation this week means that the probability of the Strait of Hormuz returning to normal by the end of the year has further decreased, currently to about 30%. The US is inclined to implement an "unprecedented" economic pressure campaign... but Iran's short-term interests and incentives may not align. Pay attention to the signals released by changes in refined product crack spreads. Note: Crack spreads are the price of refined products such as gasoline and diesel minus the cost of crude oil. They are commonly used to measure refinery profits and the tightness of refined product supply and demand. After the outbreak of the US-Iran conflict, this indicator can also be used to verify whether the Strait of Hormuz is undergoing "substantial normalization or deterioration."
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