1. National Health Commission: Shanghai has reported more than 10000 new infections for eight consecutive days. The epidemic situation is in a period of rapid rise. Community transmission has not been effectively curbed, and the spillover is in many provinces and cities. It is expected that the number of new infections will remain high in the next few days.
2. US inflation continued to soar, and the Federal Reserve's expectation of raising interest rates by 50 basis points in April increased. According to the data of the U.S. Department of labor, the CPI of the United States increased by 8.5% year-on-year in March, continuing to set a new high of more than 40 years, and the increase is also higher than market expectations; In March, CPI rose by 1.2% month on month, unchanged from expectations and hit a new high since October 2005. The core CPI excluding food and energy increased by 6.5% year-on-year, lower than the expected 6.6%; It rose by 0.3% month on month, reaching a new low since September 2021. Us real income fell 1.1% month on month in March, a faster than expected decline for the 12th consecutive month.
3. Buffett's deputy Munger, the former chairman of dailyjournal, sold 302 thousand Alibaba ADRs in the first quarter of this year, with a reduction of 50%, which is quite different from the situation that the company bought 300000 Alibaba ADRs in the fourth quarter of last year. Dailyjournal began to build positions in Alibaba in the first quarter of 2021, and sold more and more in the following quarters. At present, Alibaba's share price has fallen sharply by about 50% compared with the beginning of Munger's position. Munger has been the chairman of dailyjournal since 1977. He resigned as chairman until March 28 this year, but he is still a director of the company. Munger declined to comment on the sale of Alibaba shares by daily journal.
