U.S. stock market outlook: Bullish on weight loss drugs concept stocks! eli lilly and co, novo-nordisk a/s rose more than 4% in pre-market trading; Tesla's rival Rivian rose 10% in pre-market trading, approved for a loan of $6.6 billion.
Growth tech stocks rose overall before the market opened, with nvidia and AMD up 1%; cryptos concept stocks collectively fell, with MARA and cleanspark down over 5%.
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's close adviser is accused of seeking money from potential officials, conflicting with Musk and Bezos.
① Multiple sources have revealed that Trump's senior legal advisor Boris Epshteyn allegedly asked for 'consultation fees' from individuals wishing to take up government positions, prompting an investigation ordered personally by Trump; ② Trump's team spokesperson Steven Zhang stated that an internal review has been completed, but did not disclose specific results; ③ Trump has expressed strong disdain for such behavior that exploits his name for personal gain.
The Federal Reserve meeting minutes and PCE price index are coming one after another! They may provide the latest clues for the market regarding interest rate cuts.
According to cme's 'Fed Watch', the probability of the Fed keeping the current interest rate unchanged until December is 44.1%, while the cumulative probability of a 25 basis point rate cut is 55.9%.
Will the financial markets follow the 'empiricist script' as the era of 'Trump 2.0' is about to begin?
Some investors say they know how to trade "Trump 2.0". Years later, when investors look back at Trump's return to power, they recall that trade war strategy manual compiled during Trump's first term.
Will Trump's policies severely damage the usa economy? Former Treasury Secretary Summers raised two major concerns.
①Former US Treasury Secretary Lawrence Summers warned that the economic policies of the Trump administration could trigger serious inflation shocks; ②He emphasized the two main concerns about the proposed economic agenda: massive demand-side stimulus and severe supply-side interruptions; ③Summers pointed out that if all of Trump's policies were implemented, the inflationary stimulus would far exceed any plans set by President Biden.