Market Clubhouse Morning Memo - October 9th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Tracking individual stock ETFs 'explode', not enough US stock ETF codes available quickly.
ETFs used in the US market are running out of stock codes at an accelerating rate. Especially for ETFs that track individual stocks, the demand for attractive stock codes is sharply increasing. Because their codes must include the codes of the tracked stocks, the number of optional code combinations is very limited.
USA Dallas Fed President Logan: The Fed should "gradually" cut interest rates amid economic uncertainty.
USA Dallas Fed President Lorie Logan stated that she supports lowering interest rates at a slower pace. There is still disagreement on the extent of future interest rate cuts, and the US September CPI data will be released tomorrow.
US stock market morning session | The three major indexes are mixed, with the Dow rising and the Nasdaq slightly falling; Chinese concept stocks generally trend lower, with Netease falling nearly 6% and Alibaba dropping over 2%.
On the evening of the 9th, the US stock market opened basically flat. The Federal Reserve is about to release the minutes of the September monetary policy meeting. The market will also focus on CPI inflation data and US stock earnings reports this week. Chinese concept stocks in the US stock market generally fell.
Who will win, Trump or Harris? The Dow predicts a 92% chance of winning the election.
The performance of the Dow before the election day 11 weeks, is related to whether the ruling party candidate has won the presidential election since 1968.
Express News | Fed's Lael Brainard calls for a "gradual" interest rate cut and says "we should not be too hasty".