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Trump's trade vs. Powell's panic: How will the global market decide this week?
①After the risk assets went crazy following the election, investors in the US stock market finally began to calm down last week; ②Fed Chairman Powell seems to be intentionally slowing down the pace of interest rate cuts, which has cooled the excitement generated by the 'Trump trade'.
Express News | E-mini Russell 2000 index fell more than 1% intraday.
The 'Trump trade' of the 2016 version completely reversed afterwards, what about this time?
After Trump's election victory, the US dollar, US stocks, and small cap stocks usually tend to strengthen. However, during Trump 1.0, from 2016 to 2020, the US dollar and small cap stocks performed poorly, failing to rise as expected, while the rise in US stocks was mostly attributable to the strength of technology stocks. Analysis suggests that the 'Trump trade' is not the same as 'Trump investment', it is more of a short-term market reaction rather than a long-term trend.
Express News | Bank of America: After the US presidential election, the e-mini Russell 2000 index is expected to outperform the large cap.
Global equity, non-US currency, csi commodity equity index fell, dollar strengthened, market focuses on tonight's CPI data
European and American stock markets fell on November 12th, with the US dollar and US bond yields rising sharply, non-USD currencies generally falling, and most commodities experiencing declines.
Dow hits new high and closes down 383 points after most of the day at a low. Tesla drops 6%.
The s&p 500 index fell on Tuesday, ending a four-day rally of US stocks after the US presidential election. The Dow Jones Industrial Average fell after hitting a 52-week high, dropping by up to 405 points, closing near the day's low at 43,910 points, down by 382 points or 0.9%. The s&p 500 index fell by 17 points or 0.3% for the day, closing at 5,983 points; the Nasdaq fell by 17 points or 0.1%, closing at 19,281 points. Stocks related to 'Trump trade' saw significant declines on Tuesday. Since the US election, Tesla (TSLA.US) has surged by over 31% after founder Musk expressed support for Trump's election and then retraced.