Trillion dollars!This year, global etf set a record for attracting funds.
As of October 31, the net inflow of funds into global etf this year has reached 1.4 trillion USD, exceeding the record of 1.33 trillion for the entire year of 2021. Demand for fixed income, csi commodity equity index, and stocks etfs is booming, with an inflow of 11.7 billion USD into china stocks etf in October (etfs listed overseas in china), more than double the peak in June 2022.
Trump has started forming his cabinet, issuing a bunch of offers! Musk will lead the new "Department of Government Efficiency," nominating a television host as the Secretary of Defense.
President-elect Trump announced a series of appointments on Tuesday, local time, including appointing Fox News host Pete Hegseth as Secretary of Defense, Republican lawyer Bill McKinley as White House legal advisor, John Ratcliffe as Director of the Central Intelligence Agency, and Congressman Mike Waltz as National Security Advisor. In addition, Trump stated that Elon Musk and Vivek Ramaswamy will lead the new 'Government Efficiency Department'.
Is Trump's 'gift package' overvalued, and is the rebound of US stocks detached from the fundamentals?
Top economists have pointed out key signs of weakness in usa businesses, and warned that stock investors may be overly optimistic about Trump's pro-business policies.
Rising too fast! On the eve of CPI data, the US bond yield approaches the key resistance level of 4.5%.
The overnight yield on the 10-year US Treasury bond rose to a four-month high of 4.43%, just a step away from the key resistance level of 4.5%. Once the yield exceeds 4.5%, the only barrier to reaching 5% will be 4.66%. In addition, the rise in US Treasury yields is also putting pressure on US stock valuations.
"When will the 'Trump rally' end? Bridgewater CIO: There is still room for the US stock market to rise, but don't buy anymore!
Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour stated that the US stock market still has "upward potential", but it is not the best investment destination as investors are already heavily exposed to the stock market. She recommends clients to focus on bonds, gold, or oil to cope with economic growth or inflation shocks.
CPI rebound alarm sounded? Fed may press the pause button on interest rate cuts early next year.
Economists expect the overall CPI to rebound for the first time in eight months in October, while core CPI also remains sticky.