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One week preview | USA CPI, PPI data is coming! Powell and a group of Fed officials will speak intensively; The Chinese concept stock earnings season opens! Tencent, Alibaba performance will be announced soon.
China's financial data such as social zero, social financing, etc. will be released this week. The State Council Information Office will hold a press conference on the national economic situation; after the US election, the Bank of Japan will announce a summary of opinions from the October monetary policy meeting on Monday.
Weekend Reading | Adhere to the 'Reverse Success Law' and win Buffett's trust.
The best leaders are always the greatest learners, they always stay curious, focused, and lifelong learners. Jim Weber said this is the most valuable experience he learned from Buffett.
Decided! Next Wednesday, Biden will meet with Trump! Is the new US trade representative still "him"?
The meeting time between Biden and Trump has been scheduled.
Wall Street, which has been 'tearing up reports' all year, is now worried: not optimistic enough!
In the past five days, the US stock market has increased by over $20 billion, with the VIX index experiencing the largest weekly decline since 2021, and bitcoin hitting a new high. However, US stock market valuations have reached historic highs, and market expectations regarding the Federal Reserve's monetary policy have also changed. Amid the bull market frenzy, there are hidden undercurrents of crisis.
s&p 500 first broke 6000 points, may rise to 6600 points in the next two months.
Source: Barron's Week by Isabelle Wang On Friday (November 8), the S&P 500 index ($s&p 500 index(.SPX.US)$) broke through 6000 points for the first time, the Dow Jones Industrial Average briefly crossed 44000 points, but both indices retreated at the close, marking the end of a turbulent week with Trump's election as US president and the Fed rate cut. Clark Geranen, Chief Market Strategist at CalBay Investments, believes that the S&P 500 index breaking through the 6000-point barrier is "an important milestone" and may attract
Strongly advocate for deregulation and tax cuts! Wall Street rushes towards 'Trump 2.0'.
Regardless of their past positions, or concerns about retaliation by President Trump, Wall Street executives are actively aligning with Trump, anticipating potential tax cuts and deregulation policies. Some are preparing to apply for positions in the White House, while others are willing to provide donations to the Trump team. JPMorgan and Goldman Sachs CEOs have previously congratulated Trump, stating that the policies of the new government will have a significant impact on the banking industry business.