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Weekly Preview | The market focuses on the National People's Congress Standing Committee meeting; due to the Christmas holiday, the Hong Kong Stock Exchange will be closed for two and a half days, and the U.S. stock market will be closed for one and a hal
The earnings report season for the US stock market has concluded. Due to the Christmas holiday, there will be no speeches from Federal Reserve officials this week, and the data released will be limited, but attention can be paid to the USA Consumer Confidence Index and initial unemployment claims; on Wednesday, Bank of Japan Governor Kazuo Ueda will deliver a speech regarding potential yen intervention measures.
Trump has a new development! He nominates several diplomatic envoys, including the owner of the Houston Rockets on the list.
Trump has new developments!
Musk causes a commotion at Capitol Hill, is a "Trump 2.0" prototype emerging?
Analysis suggests that Musk's recent act of detonating a political nuclear bomb may be a rehearsal for the Trump 2.0 era of Musk's action model, intended to exert pressure on Congress. However, some also say that the consensus at Mar-a-Lago is that Musk has proven to be an effective Weapon to pressure Congress and a scapegoat for any backlash.
Federal Reserve dovish officials: Inflation has decreased significantly, and a moderate interest rate cut is expected next year.
① The Chicago Federal Reserve Chairman Goolsbee stated on Friday that he slightly lowered his forecast for next year's interest rate cuts but still expects the Federal Reserve to moderately cut rates next year; ② As a dovish official, Goolsbee will replace Cleveland Federal Reserve President Harmack next year and become a new voting member of the Federal Open Market Committee (FOMC).
UBS Group: The outlook for the US stock market remains optimistic, with the S&P 500 Index potentially reaching 6,600 points by the end of next year.
Glory Exchange reported on December 21 that UBS Group stated in its Research Reports that in the context of a strong USA economy, optimism about AI, and future growth-promoting policies in the USA, the outlook for the USA stock market remains optimistic. We anticipate that the S&P 500 Index will reach 6,600 points by the end of 2025. Investors may consider using structured strategies to cope with volatility. We believe that Gold remains an effective tool for portfolio hedging in the context of geopolitical tensions.
Is the Federal Reserve turning hawkish? Morgan Stanley: I have seen this episode!
Morgan Stanley stated that the timing and magnitude of interest rate cuts depend on the implementation progress of the restrictive policies of the new Trump administration. However, the impact of these policies on economic activity may also be delayed. Therefore, while the Federal Reserve is currently hawkish, it may turn dovish later.