Bagae: US military action intensifies Strait of Hormuz crisis, Iran has struck related targets

Since its launch in January 2024, BlackRock's Bitcoin ETF has outperformed its S&P 500 ETF. （Bitcoin Archive）

During the period of August 23rd to 30th, Gate's retail deposits experienced over 11 surges, with hourly deposits reaching $11.33 million on August 29th, the highest level of the year. （CryptoQuant）

[Federal Reserve Governor Barr: Inflation Remains Too High] Federal Reserve Governor Barr stated that inflation remains too high and that if confident about a slowdown in inflation, he would prefer to keep interest rates stable. (Jin10)

On September 1st, due to the escalation of trade frictions between the US and Canada and the rise in energy prices, the market expects the Bank of Canada to hold its benchmark interest rate unchanged at 2.25% for the third time in a row this week. At present, the United States has imposed a 50% tariff on approximately $20 billion worth of Canadian goods, and Canada plans to impose retaliatory tariffs on some American goods starting from September 8th. Canada's overall inflation rate has risen to 3%, reaching a new high since 2023. Although Canada's annualized GDP growth rate rebounded to 3.3% in the second quarter, with over 180000 new jobs added from May to July, the trade war has caused about two-thirds of surveyed economists to lower their expectations for corporate investment. The market expects the next rate hike by the Bank of Canada to be in the first half of 2027.

Baird reaffirms Nvidia's outperformance rating in the market; Bank of America reiterates Microsoft's buy rating and raises its target price from $500 to $600; JPMorgan reiterates Apple's overweight rating; Bernstein reiterates SpaceX outperforms the overall market rating; Deutsche Bank covers Cisco for the first time and gives it a buy rating; Rosenblatt covers Uber and Airbnb for the first time and gives a buy rating, with target prices of $100 and $220 respectively; KeyBanc covers eToro for the first time and gives it an increase rating; Piper Sandler has upgraded its Tempus AI rating to an increase in holdings, with a target price rising from $56 to $76; Evercore ISI raises Duolingo rating to outperform the market; UBS downgraded Interactive Brokers rating to neutral; Bank of America has upgraded Timken's rating to buy; Citigroup launches positive catalyst observation for Howmet Aerospace; BMO has upgraded the rating of Park Hotels&Resorts to outperform the market.