Federal Reserve officials: It is currently uncertain to what extent interest rates can be lowered.
①Kansas Federal Reserve Chair Schmiede stated that although the initial rate cut by the Federal Reserve reflects confidence in calming inflation, it is still uncertain how far the interest rates will be lowered; ②Within the Federal Open Market Committee (FOMC), Schmiede's stance leans towards being hawkish, but he will not have voting rights on monetary policy until next year.
U.S. stocks closed | The three major indexes showed mixed results, with the Nasdaq up more than 1%, nvidia rising nearly 5% ahead of its earnings report; bitcoin hitting a new high led to a strong performance in cryptos concept stocks, with microstrategy
The escalation of the Russia-Ukraine conflict temporarily drove up the dollar, yen, Swiss franc, gold and other safe-haven assets, while bitcoin first broke through 0.094 million dollars. Two days before the earnings report, nvidia rose by 4.9%, super micro computer surged over 31%, the index of Chinese concepts fell by 0.8%, Xiaopeng autos dropped nearly 4%, and weibo gained over 6%.
Ray Dalio's Bridgewater Associates Teams up With State Street to Launch a New ETF
U.S. stock market in the early session | The Nasdaq has risen and turned positive, cryptos concept stocks and golden industrial concept stocks have strengthened, MSTR has increased nearly 5%, and barrick gold has risen over 2%.
This week, investors are focusing on important financial reports from nvidia and the cabinet nominations of the Trump administration.
U.S. Stock Market Outlook: Wall Street sees S&P rise to 6500 points! Goldman Sachs: Magnificent 7 in technology continue to lead the way; Pre-market surges nearly 28%! Super micro computer delisted crisis gets a "breather"
Pre-market rose more than 3%! Walmart's Q3 revenue of $169.6 billion exceeded expectations, further raising revenue guidance; Ctrip rose more than 5% pre-market, with a 47% year-on-year increase in Q3 profit; Xiaopeng Motors rose nearly 6% pre-market, with Q3 net loss narrowing by 53.5%, and Q4 delivery guidance set a record high.
Wall Street welcomes Trump's return to the White House, but this time it may be misplaced?
A research company stated that the market has overly high expectations for Trump 2.0, based on ignoring reality, causing excessive expansion in small cap stocks and assets like the US dollar.