Trump and Harris Plans Could Stoke Inflation. That Means a More Hawkish Fed
U.S. stock market closing review: U.S. stocks fell, Dow Jones plummeted by 400 points. tesla's profits exceeded expectations, and surged significantly after hours.
On Wednesday (October 23), the US stock market plunged significantly due to the rise in US Treasury yields, with market sentiment under pressure. The Dow Jones Industrial Average index plummeted nearly 400 points, marking the largest single-day drop in over a month.
Viewpoint | Trade strategy for the "turning point" of the economic cycles between China and the United States
The seemingly independent performances of Chinese and American assets are intricately linked, reflecting the intertwined "interactions" of the macro cycle: the Federal Reserve's unconventional easing has provided room for China's policy relaxation, as China's financial policies bolstered a rapid market sentiment recovery; however, the substantial rate cut also benefits the US economic recovery, combined with fully priced-in expectations leading US bond yields to rise after hitting rock bottom, potentially constraining further easing space, evident in recent trends of US bond yields, the US dollar, and the Chinese currency.
Continuous bullish signals! China's assets are exploding across the board.
Under a series of heavy-weight policies, market confidence has been significantly boosted, and china's assets are surging wildly.
China stocks hit their largest weekly gain since 2008, with Wall Street focusing on the effectiveness of stimulus policies.
The Politburo meeting has provided another support for the economy, at the same time showing a shift in the government's wording in using fiscal policies.
US stocks have not peaked yet? Omahimer: s&p 500 index may rise to 7000 points!
Analyst Okamoto Mori stated that investors can still enter the market at the highest point of the US stock market, as history indicates that this bull market may continue until the end of 2025.