Viewpoint | Countdown to the election, Trump's trade makes a comeback.
It is not difficult to find from the recent market trends that the trading logic dominated by 'rate cut trade' has quieted down after the first rate cut by the Federal Reserve, while the Trump trade centered around 'tax cuts + easing' is making a comeback.
The significant risks in November are undergoing crucial changes.
Less than a month away from the usa presidential election day on November 5th, the market is starting to price in the risks of the election results. Currently, Trump has regained a leading advantage, adding variables to the election. CICC believes that for subsequent assets, the overall bullishness of the election is favorable for US stocks but tariffs are unfavorable for chinese assets; the US dollar is relatively strong, gold is neutral, interest rates are rising; bulk commodities may benefit from expectations of Trump's stimulus.
U.S. Natural Gas Falls, Waiting for Weather to Turn -- Market Talk
Morgan Stanley Screens for Quality Cyclicals as Economic Surprises, Yields Back Upgrade
U.S. Natural Gas Futures Start Week Lower -- Market Talk
Cheniere Energy, Inc. (NYSE:LNG) Delivered A Better ROE Than Its Industry