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.
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.
US stock investors "fasten your seat belts"! Morgan Stanley: Three major risks may disrupt the "Trump trade".
①Morgan Stanley outlined three major risks that could disrupt the 'Trump trade' in a recent report. ②Firstly, a significant increase in US Treasury yields could trigger anxiety among stock investors. Secondly, a strong US dollar could mean trouble for large cap stocks. Thirdly, stock prices are overvalued.
Oil Industry Urges Trump to Dump Biden Energy and Climate Policies