NASDAQ reaches 20,000 point milestone! Tesla led a group of tech giants to reach new highs. Has the Christmas market started?
Historically, every year on the seven trading days after Christmas, that is, the five trading days at the end of the year and the first two trading days of the following year, investors tend to go long, and US stocks are likely to rise. This seven-day market is called the “Christmas market.” The data shows that in the past 70 years, the S&P 500 index has an 80% chance of rising in these seven trading days.
Wall Street interprets CPI: Without changing the “gradual easing” of the Federal Reserve, strong core inflation supports the suspension of interest rate cuts in January
Analysis suggests that the CPI, which meets expectations, demonstrates that the cooling of inflation has basically stagnated in recent months. While this is not enough to disrupt the year-end bull market in U.S. stocks, it also means that an interest rate cut next week is not guaranteed, especially with the potential inflation upward risks brought by Trump's tariffs and fiscal expansion next year drawing attention. The yield on 10-year U.S. Treasuries first fell and then rose.
Three expected differences of Trump 2.0.
Source: Xue Tao Macro Notes Author: Tianfeng Macro Song Xuetao. The market's perception of Trump's second term has formed increasingly fragmented expectations in terms of policy implementation and specific policy impacts. Currently, the market universally expects better outcomes next year, which requires caution. In the first month after the election, from the unexpectedly strong cabinet selections to the sudden announcement of considering tariffs on Canada and Mexico, the uncertainty and complexity of Trump 2.0 are fully demonstrated. This increases the difficulty for the market to predict the implementation and impact of Trump 2.0 policies, creating some increasingly fragmented expectation gaps. The first type of expectation gap is contradictory policies leading to...
The Nasdaq is at 20,000 points! Besides US Treasury bonds, American investors are Buying everything.
After the release of USA's November CPI data on Wednesday, investors seem to have finally "confirmed" that the Federal Reserve's interest rate cut next week is a done deal; financial markets across asset classes on Wednesday also appeared quite uplifting; apart from the decline in USA Treasuries, investors are buying everything else - USA stocks are rising, Gold is rising, the dollar is rising, Crude Oil Product is rising, and Cryptos are rising...
Futu Morning Post | Pushing US Stocks to Reach New Highs? Trump will ring the opening bell for the NYSE on Thursday; star tech stocks hit new highs, and Bitcoin will rise to 0.1 million dollars
The AI transformation was bumpy, and Adobe's revenue outlook for 2025 fell below expectations, falling more than 8% after the market; Apple launched Siri integrated with ChatGPT, and it is reported that the iPhone SE 4 will be released around March next year.
US inflation remains strong, US bond yields rise slightly
U.S. Treasuries failed to maintain the upward trend stimulated by moderate inflation data.