Buckle up! Wells Fargo & Co: The U.S. stock market is disconnected from the economy and is about to correct after this year's "surge."
① Wells Fargo & Co warns that the optimistic rebound of the US stock market after the election may lead to a short-term "hangover," with the S&P 500 Index possibly dropping by 7%. ② The report points out that the disconnection between the US stock market and the economy is intensifying; economic data is lukewarm, yet stock indices are rebounding and rising.
On the first trading day after the holiday, the stock and bond markets in the USA are running steadily. Is the 'Santa Claus rally' expected to continue?
① On the first trading day after Christmas, the USA stock and bond markets operated steadily on Thursday; ② Most major markets in Europe remained closed that day, so trading was still relatively quiet.
Futu Morning Report | Apple hits a new high for four consecutive days! Wedbush raises the Target Price to $325; US Small Cap stocks are booming, with Drone and Quantum Computing concept stocks leading the surge.
The number of initial jobless claims in the USA fell to the lowest level in a month last week, but the duration of unemployment has increased; NVIDIA has launched the GB200 NLV4, and the GB300 is expected to be released in March next year; additional upward momentum? MicroStrategy plans to sell more shares to raise funds for purchasing Bitcoin.
Top 20 by transaction volume | Tesla fell nearly 2%, with a transaction volume of nearly 35 billion USD; Bitcoin dropped below 0.096 million USD, and MicroStrategy fell nearly 5%.
On Thursday, the top traded stock was Tesla, which closed down 1.76%, with a trading volume of 34.882 billion USD; in second place was NVIDIA, which closed down 0.21%, with a trading volume of 16.224 billion USD; and in third place was Apple, which closed up 0.32%, with a trading volume of 7.053 billion USD.
U.S. stock market close | The three major Indexes had mixed performances, with the Dow rising for five consecutive days; Drone Concept stocks surged, with SES jumping 100%; Apple continued to reach new highs, with its Market Cap approaching 4 trillion dol
After the Christmas holiday, trading is quiet. The S&P and Nasdaq briefly turned positive, with Apple reaching a new high and its Market Cap approaching 4 trillion dollars. Tesla fell by 1.8%, NVIDIA's decline narrowed, Broadcom rose over 2%, Drone concept stocks surged, the Chinese concept index rose by 0.9% at one point, Ideal Autos increased by more than 9%, and Kingsoft Cloud rose over 14%.
QQQ ETF Declines 0.1%