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The bullish army on Wall Street has gained another member! Wells Fargo & Co: The s&p 500 is expected to reach 6,600 points by the end of next year.
Wells Fargo & Co's senior global market strategist Scott Wren stated that the US stock market is expected to grow strongly in 2025, but investors should avoid one sector;
The Trump Cabinet 2.0 "Dream Team" is unveiled! Understand the economic views of the officials in one image.
The major team of Trump's Cabinet 2.0 has gradually taken shape, characterized by: first, loyalty is prioritized, and overall policy inclination is largely consistent with Trump; second, many candidates come from the business and financial sectors; third, the attitude towards China is generally tough.
Trump + Bezos: Fiscal Difficulties Tighten
Source: CICC Insight Authors: Zhang Jundong, Fan Li, Zhang Wenlang Spending is difficult to cut, tax cuts are being pushed, and fiscal tightening is difficult. On November 22, local time, former US presidential nominee and hedge fund manager Scott Benset was appointed as the Secretary of the Treasury, advocating to reduce the budget deficit rate to 3% by 2028. Prior to this, Trump appointed American entrepreneur Musk to co-found and lead the Federal Government Advisory Institutions "Department of Government Efficiency" (DOGE), aiming to "abolish bureaucratic agencies, reduce regulations, and refo
Futu Morning Report | The US stock market party continues! The s&p 500 index has risen for seven consecutive days, setting a new historical high; Federal Reserve meeting minutes: future interest rate cuts will be cautious, and the end of monetary easing i
Market response to Trump's tariff threats: auto stocks wail, the Canadian dollar hits a four-year low, and the Mexican peso plunges nearly 3%; dell technologies drops over 10% after hours, with total net revenue for the third quarter at 24.37 billion USD, below analyst expectations.
Goldman Sachs warns: Trump's tariff proposal will push USA core PCE inflation up by 0.9%.
On Tuesday, Goldman Sachs stated that the proposal by the elected USA President Trump to impose a 25% tariff on commodities from Canada and Mexico, although expected to generate nearly 300 billion US dollars in revenue annually, may exacerbate inflation, leading to a 0.9% increase in USA core PCE inflation. Currently, it is still uncertain whether Trump's tariff proposal will be implemented, as some advisors believe this may be Trump's negotiation strategy rather than final policy.
The atmosphere changed after Trump's election: the Federal Reserve minutes indicated that many supported a "gradual" rate cut, and officials raised the possibility of pausing actions.
The 'New Federal Reserve News Agency' indicated that the minutes suggest that if inflation progress stalls, there will be more cautious interest rate cuts; Fed officials discussed a technical reduction of the ON RRP rate by 5 basis points at the 'next meeting'.