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Be cautious! A new wave of inflation may be on the way.
Greenlight Capital's President David Einhorn expressed that the election results are good for avoiding the political stability issues he was worried about not long ago. However, in terms of the economy, he expects that Trump's second term policies will bring about higher inflation, thus leading to a bigger problem.
Express News | The nasdaq 100 index futures' decline expanded to 0.7%.
Is the feast of the US stock market coming to an end? US economists warn: the three major upward drivers are losing momentum.
The main driving force behind the continued rise in US stocks is nearing exhaustion, indicating that the future return on investment in US stocks will decrease significantly - this is the view of the well-known American economist David Rosenberg. Rosenberg pays special attention to factors such as recent valuations, interest rates, and room for tax cuts, believing that the 'momentum driving the rise in US stocks is almost gone.'
Top economists: The three major driving forces behind the bull market in U.S. stocks are running out.
American economist Rosenberg pointed out that since the most important bullish factors in the US stock market have reached extremes, there may be a period of limited returns in the future.
Futu Morning Post | Powell 'hawkish': Strong economic performance, no rush to cut interest rates; Buffett's new warehouse received, Domino's surged more than 18% after-hours, Pool rose over 6%
Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
US stock market close | The three major indices all closed lower; electric vehicle stocks suffered heavy losses, with Rivian dropping over 14% and Tesla falling nearly 6%; china concept stocks generally declined, with zeekr falling over 23%.
In October, US PPI accelerated rebound, first-time jobless claims at a nearly six-month low, traders reduced rate cut bets, small cap stocks and Chinese concept indexes fell more than 1%, nvidia rose nearly 2% before turning down, Tesla dropped nearly 6%, zeekr plunged over 23%, jd.com dropped over 6%, Bilibili dropped more than 12%, netease rose more than 10%. The US dollar rose for the fifth consecutive time, the euro hit a one-year low, the Japanese yen fell below 156, offshore RMB briefly fell 200 points to temporarily breach 7.26 yuan. Gold oscillated lower and once fell by 1.4%, US bond yields turned higher, bitcoin fell below $0.088 million, and oil prices rose.