"Minister Ma" makes his first appearance on Capitol Hill, "Government Efficiency Department" facing tricky challenges, with few answers.
Elon Musk talked extensively about cutting spending goals, but did not establish detailed plans to achieve these goals. With the weak majority in the House of Representatives and the existence of a "filibuster" procedure in the Senate, the commitment of the USA government to cut spending is being questioned.
The "wild non-farm payroll" is coming tonight! It is crucial to whether the Federal Reserve will press the "pause button" on interest rate cuts.
This will be the last comprehensive review of the usa economic situation before the Federal Reserve's next monetary policy meeting on December 17-18.
The usa stock, bond, and foreign exchange markets are all under pressure: no one dares to act rashly before the non-farm payrolls battle!
Before the key non-farm employment data from the usa is released this Friday, both the rise of US stocks and the dollar showed signs of stalling on Thursday, while the US bond market was also caught in a weak consolidation pattern; for a moment, it seemed that no one on Wall Street dared to take any rash actions.
Futu Morning Report | Non-farm data is arriving tonight! Goldman Sachs: This could determine whether there will be another rate cut in December; another major bank is optimistic! Wells Fargo raises its outlook for the S&P to 7007 points.
After hours, it surged over 8%! Lululemon's Q3 performance exceeded expectations; after accurately predicting that bitcoin would reach $100,000 this year, Standard Chartered's analyst is bullish again: predicting it will reach the significant milestone of $200,000 by the end of next year; OPEC+ has continued its three sets of production cut measures, extending the additional voluntary reduction of 2.2 million barrels per day for three months.
Top 20 by transaction amount | Received bullish reports from multiple brokerages, Tesla rose over 3%, reaching a new high since April 2022; microstrategy opened high and fell back, closing down nearly 5%.
On Thursday, Tesla topped the U.S. stock trading volume with a 3.23% increase, reaching the highest level since April 2022, with a transaction volume of 30.035 billion USD. nvidia ranked second with a slight decrease of 0.05%, with a transaction volume of 24.998 billion USD. microstrategy ranked third with a 4.83% decline, with a transaction volume of 18.583 billion USD.
U.S. stocks closed | All three major indexes fell together, with Tesla rising more than 3% against the market; cryptos concept surged and then fell back, with MSTR dropping nearly 5%.
Wells Fargo & Co predicts that, benefiting from the macro economy and monetary policy, the US stock market will continue to rise, with the s&p 500 index expected to reach 7000 points by the end of next year.
U.S. stocks closed: The three major indices collectively fell ahead of the non-farm payrolls, while Chinese concept stocks regained upward momentum.
① Chinese concept stocks have resumed their upward momentum, with the Golden Dragon Index rising for 5 out of the last 6 trading days; ② AI application concept stock SoundHound AI surged by 31%; ③ CEOs of pfizer and eli lilly and co are rumored to have dined with Trump; ④ Progress in the assassination case of the CEO of a usa medical insurance giant: the killer left a death message.
Stock Markets' Winning Streaks End Ahead of Friday Jobs Report
Express News | There is a 70.1% probability of the Fed cutting interest rates by 25 basis points in December.
IShares Russell 2000 ETF Options Spot-On: On December 5th, 1.41 Million Contracts Were Traded, With 12.23 Million Open Interest
On December 5th ET, $iShares Russell 2000 ETF(IWM.US)$ had active options trading, with a total trading volume of 1.41 million options for the day, of which put options accounted for 56.27% of the
Forex Today: The US Nonfarm Payrolls Take Centre Stage
US Stocks Hold Steady, Travel Demand Fuels Airlines, Tesla Reaches 32-Month Highs: What's Driving Markets Thursday?
U.S. stock market early session | The three major indexes showed mixed results, with Tesla rising about 4%; cryptos concept stocks generally rose, with Coinbase up over 4%.
Peking time on the evening of the 5th, the US stock market opened on Thursday with mixed gains and losses. Bitcoin broke through $0.1 million for the first time, reaching a historic high, with the market betting on improvement in the USA virtual currency regulatory policies. The increase in initial jobless claims in the USA last week exceeded expectations.
The volatility of the U.S. stock market has decreased significantly, and traders are profiting from it.
The volatility index (VIX) has already fallen to the bottom, and traders are enjoying it.
Wednesday's Insider Moves: Key Buys and Sells in US Stocks Revealed
Express News | US Weekly Initial Jobless Claims 224000 Vs 215000 Forecast, Prior 215000
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Ahead of Anticipated Jobs Reports
U.S. Stock Market Outlook | Cryptos concept stocks are celebrating! MSTR pre-market trading surges over 8%; Blackrock recommends further shareholding in U.S. stocks.
Taiwan Semiconductor is preparing to start producing Blackwell chips in Arizona early next year; xAI reportedly ordered $1.08 billion nvidia AI servers.
Bank of America Outlook for 2025: The most aggressive policies in the usa in a century will fuel a "technology bubble", but "the higher one climbs, the harder one falls."
Bank of America warns that the U.S. stock market may have reached a critical point of collapse, potentially facing the impact of the AI bubble and Trump’s policies next year. The similarities between AI and the internet of the late 1990s are apparent, with the bubble's burst only a matter of time. If Trump fulfills his campaign promises, it could bring a brief prosperity to the U.S. stock market, but it would also fuel the bubble, leading to a major depression.
Survey: After Trump's victory, the optimism among executives of usa companies has significantly increased.
① Two surveys show that after Donald Trump won the presidential election, USA business executives' optimism about the economy and their own Business prospects significantly increased; ② Trump promised during his campaign to lower corporate taxes and reduce regulation, while threatening to impose tariffs on USA trading partners, a policy that could trigger inflation.