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Major Banks Poised to Benefit From Capital Market Activity Boost Under Trump Era, Morgan Stanley Says
Trump reportedly plans to narrow the range of Treasury Secretary candidates this week, with candidates from a Wall Street background taking the lead.
①According to media reports citing sources, usa President-elect Trump plans to narrow down the range of candidates for Treasury Secretary within this week, and is inclined to choose someone with a Wall Street background for this important position; ②After winning the US presidential election, there is close attention from the public on how he will form the cabinet for his second term. Treasury Secretary and Secretary of State are usually the positions where the US President prioritizes the selection of candidates.
Goldman Sachs: Trump's 'Super Week' ends, the US stock market will enter a rotation market.
Goldman Sachs traders expect that after the trading market driven by the US election ends, the forecast rotation pressure will continue to be a significant feature of the market, as investors put money into smaller market cap companies and seek opportunities in cyclical/inflation themes.
Wall Street veteran Yardeni gives a very optimistic forecast, stating that the s&p 500 index will reach 10,000 points by the year 2030.
Wall Street strategist Ed Yardeni stated that the 'animal spirit' unleashed by President Trump's economic policies will drive the s&p 500 index to 10,000 points by the end of 2030. His super optimistic forecast corresponds to a 66% surge in the index by 2030. This once again demonstrates that Wall Street is becoming increasingly optimistic about the stock market after the US election. Yardeni has raised his target points for the end of 2024, 2025, and 2026 to 6100, 7000, and 8000 respectively. In a report on Monday, he wrote, 'Stock market investors are also more confident about the change of regime.'
US stocks early trading | Dow rose more than 1%, Salesforce rose more than 4%; 'Trump trade' continues to be hot, concept stock Coinbase rose more than 17%, Tesla rose more than 6%
On the evening of the 11th peking time, US stocks opened higher on Monday. The main stock indexes are trying to continue last week's uptrend. Bitcoin broke through $82,000. The market is focusing on the composition of the next US government and the monetary policy outlook of the Federal Reserve.
Eric Neveux and Graham Nix Join Evercore as Senior Managing Directors in the Financial Institutions Group