The major strike at the ports in the USA has finally come to an end! Democrats can finally breathe a sigh of relief during this critical election period.
①On Thursday (October 3rd) local time, dock workers in the usa announced the end of a three-day strike; ②The temporary agreement reached by both labor and management includes a 62% salary increase for workers over the next six years; ③The end of the strike has eased the public's panic and also eliminated a potential political issue for Vice President Kamala Harris's campaign.
US Stocks Gold Rush | Silicon Valley giants speak up again for AI power usage! Nuclear power stocks VST, CEG both hit record highs; Middle East tensions ignite fuel prices, valero energy, marathon petroleum surge over 5% overnight.
In terms of leading giants hitting new highs in the US stock market, Meta rose 1.74% to the top of the rankings, exxon mobil rose 0.87%, and Fidelity Financial Services rose 0.5%.
After England and Japan took turns releasing pigeons, the situation in the Middle East became unstable. On the eve of non-farm payrolls, the US dollar has risen for four consecutive sessions!
Forex broker XTB's research director Kathleen Brooks said, "The strong risk of the September non-farm payroll report could lead to greater than usual fluctuations in the US stock market and the US dollar, with increased safe-haven sentiment and the US non-farm payroll report, it is a combination that can easily cause market turbulence."
This year, usa actively managed funds are still unable to outperform the index, simply because of underweighting Nvidia.
In 2024, it is not certain industries or even large cap stocks that dragged down actively managed funds from outperforming the market, the main culprit is only one: nvidia. Despite nvidia being the most held semiconductor stock in actively managed funds, with a holding rate of around 70%, its relative weight is still relatively 'low'.
Federal Reserve's Powell: Interest rates need to be 'substantially' cut in the next year
Chicago Fed President Evans reiterated that interest rates need to be 'substantially' reduced in the coming year.
See you tonight! The most heavyweight global macroeconomic data of the week is about to be released......
If we were to discuss the most important overseas macroeconomic data this week, then perhaps the US non-farm payroll data for September, which will be released tonight at 20:30 peking time, would be the top choice. The non-farm data is likely to be the last 'normal' employment report for the foreseeable future. How will this key employment indicator, which is expected to determine the pace of future rate cuts by the Federal Reserve, perform?