"Wall Street's bear king" speaks out: Harris' tax reform plan could become the financial terminator, and economic recession is unavoidable!
Paulson recently stated that if Democratic presidential candidate Harris implements the proposed tax plan, the financial markets will collapse and the economy will enter a recession. Earlier this year, insiders revealed that if Trump wins the election this year, he will recruit Paulson as Secretary of the Treasury.
Has the pullback in the US stock market ended? Deutsche Bank raised its target price for the s&p 500: three major bullish factors support the US stock market to reach new highs.
Deutsche Bank has raised its year-end target for the S&P 500 index from 5500 points to 5750 points, citing increased stock buybacks, strong corporate earnings, and strong inflow of funds driven by strong risk preferences. According to Deutsche Bank analysts, the recent two-month period of volatile pullback in the US stock market is now basically over, and the US stock market will continue to rise in the future.
Real estate heavyweight rumors are coming again, how big will the impact be if the bullish news is confirmed?
This morning, CNBC had a commentary on the market, which roughly translates to "In most Asian markets, there was a decline, but the Chinese stock market sees hope for a rebound." Expectations for the direction of the economy, both domestically and internationally, have been strengthened, and there are constant heavy rumors.
Intraday overview | Hong Kong's three major indices collectively rose more than 1%; gold and biomedical sectors were strong, and Yiming Angkedao rose more than 50%.
In terms of sectors, network technology stocks have collectively risen, with Sensetime up nearly 3%, Meituan up over 2%, Xiaomi, Alibaba, Baidu up over 1%, Tencent, JD.com up nearly 1%.
Big turnaround! Nvidia saved the US stock market and the Asia-Pacific market, what is the logic behind it?
Today, the Asia-Pacific market, which was weak yesterday, rebounded strongly. The Nikkei 225 index rose more than 3.5% at one point and closed up 3.4% at 36,833.27 points. The Taiwan Weighted Index closed up 3%. Major stock indexes in Hong Kong and South Korea both rose more than 1%. At the same time, the strong currencies of various Asia-Pacific countries yesterday all fell sharply, and the exchange rates showed a significant negative correlation with equities in the near term.
Midday glance | The Science Index rose nearly 1.5%, Meituan rose over 4%, Bilibili, jd.com rose over 3%
Contract research organizations performed strongly, with Wuxi Apptec and Wuxi Bio up more than 4%; Legend of the Giants rebounded more than 32%, and yesterday's decline was more than 72%.
Intraday Overview | NIO Inc. rises more than 8% in strength; Alibaba rises more than 4% after being included in the Stock Connect.
Wuxi apptec fell more than 9%, and the U.S. House of Representatives voted in favor of the Biosecurity Bill; Huazhong in-v fell more than 85%, with the lowest stock price reaching HKD 0.22 during trading.
Institutions | Looking for the prosperity and highlights in the industry: clues from the Hong Kong stock market report
Based on the comprehensive disclosure of interim performance and market expectations, the sectors of internet e-commerce and csi leading consumption and services index have a relatively high degree of prosperity. Meanwhile, public utilities such as telecommunications and hydropower maintain stable profitability, making them worthwhile dividend symbols to continue to pay attention to.
Futu Morning News | White-hot US election! Harris's support rate has been surpassed by Trump; Apple's stock rises after new product launch, and all iPhone 16 models support Apple AI.
Oracle's stock price surged nearly 9% after-hours, driven by cloud business to exceed expectations; NIO achieved 5 consecutive gains, with a cumulative increase of nearly 38%; Google's second antitrust case goes to trial, accused by the US Department of Justice of dominating the advertising technology market by as much as 91%.
Intraday Overview: Science and technology, mainland real estate stocks performed weakly, while NIO Inc rose more than 14% against the trend. The three major indexes fell by about 2%.
Petroleum stocks generally fell, with PetroChina and CNOOC falling by over 4%; cr holdings resumed trading with a drop of over 64%, while evergr vehicle fell by over 5%.
Institutions: Structural trends in the Hong Kong stock market continue to be the main focus, with short-term attention on growth sectors benefiting from interest rate cuts.
The short-term uncertainty in the domestic and international environment may continue to bring volatility, and CICC still believes that the Hong Kong stock market is more resilient than the A-share market. In terms of allocation, the growth sectors that benefit from interest rate cuts in the short term may have higher resilience, but in the medium term, the structural market with range volatility remains the main theme, corresponding to dividends + technology growth.
Express News | HKEX: Typhoon signal number 8 is now in effect, and the securities and derivatives markets are suspended for the entire day.
Futu Morning News | Fed officials' dovish tone: Economic data support multiple rate cuts; Tesla's two-day cumulative increase of 9%! FSD is expected to be launched in China and Europe next year.
On the eve of the release of the key employment report in the USA, the ADP non-farm payrolls reached the lowest level since January 2021, while initial claims remain stable. Yellen: The labor market in the USA is still robust and continues to create employment opportunities. The Federal Reserve should not delay any longer! Economists at Morgan Stanley have changed their stance: there must be a major move in September.
Intraday Quick Look | The three major Hong Kong stock indices are trading narrowly, with the Hang Seng Index and the HSCB Index edging up. The "three barrels of oil" continue to decline, with Sinopec falling nearly 4%.
Star network technology stocks rise and fall, bilibili rises more than 1%; biotechnology concept stocks strengthen, Jingtai Technology rises more than 10%; Ascendas Group continues to rise more than 50%, up more than 78% on the previous trading day.
China Securities Co., Ltd.: How to deal with the current Hong Kong stock market?
CSC's research reports stated that the recent continuous rise of the Hong Kong stock market is mainly due to the improvement of overseas liquidity. After analyzing the fund environment of this round of market, we believe that the current Hong Kong stock market does not have an advantage in the global allocation of overseas liquidity and cannot reproduce the momentum of April. Looking ahead, we believe that the current funds can gradually allocate to the inflow of foreign capital after the US presidential election at the end of the year. The main line of allocation in the Hong Kong stock market is still the dividend sector, and the internet giants that continue to carry out large-scale dividends and share repurchases provide a new direction for allocation
Mid-day Quick Glance | All three major Hong Kong stock indexes fell more than 1%; "Three barrels of oil" all fell, Nio Inc. rose nearly 5% against the trend.
Most of the network technology stocks are declining, with Xiaomi falling more than 3%; Petroleum stocks are collectively adjusting, with the three major oil companies all falling; Ascletis Group resumes trading and rises more than 63%, after plummeting 98% yesterday.
Profitable, buyback more! Citibull is bullish on chinese internet plus-related companies
In the second quarter, among the 41 internet companies covered by Citigroup, 16 companies exceeded revenue expectations, while 30 companies reported earnings that exceeded expectations. Multiple companies also increased their share buyback efforts in the second quarter. Citigroup expects the profit prospects of internet companies to further improve in the second half of the year.
CITIC Securities: Hong Kong stock market is expected to welcome a monthly level of valuation recovery trend.
Citic Securities research reports pointed out that the Hong Kong stock market is expected to usher in a monthly-level valuation repair trend, while the internet plus-related, consumer, and financial industries with relatively significant valuation and cost-effectiveness may benefit in the short term.
Futu Morning Report | This week will be the main event! There will be a "big test" of data before the Fed's interest rate cut; Hong Kong Stock Exchange will launch a weekly series of stock options, starting trading on November 4th.
The Federal Reserve should act quickly? Citigroup expects a 50 basis point rate cut in September; boosted by the old-for-new subsidy, Tesla's shipments in China in August increased year-on-year; Taiwan Semiconductor's cutting-edge A16 chip has received orders! Apple and OpenAI are said to have reserved the first batch of production capacity.
Why is the Hong Kong stock market plummeting across the board?
This morning, the Euro Freight Index futures (hereinafter referred to as Euro Freight) main contract plummeted by 8.77%, to 2140.9 points, and once fell below 10% in the morning. At the same time, the Hong Kong stock market plummeted across the board, A50 futures, and the RMB also quickly declined. A-shares were relatively strong in the morning, but there have been some changes in the market situation. So, what exactly are the unfavorable factors that have ambushed?