Are there risks of the US stock market returning to the 1930s?

Richard Bernstein believes that although the current US stock market appears to be full of bubbles and rises highly concentrated in large cap stocks, considering that current corporate profits are accelerating and the banking system is performing well, it is unlikely to trigger another economic crisis.

wallstreetcnJul 3 22:18

US stocks rose slightly in early trading, with the three major indexes up. Tesla rose by nearly 4%, and the second-generation humanoid robot Optimus will make its debut for the first time. US stocks will close early today and will be closed tomorrow.

The US stock market opened mostly flat on Wednesday, with the S&P 500 index closing above 5,500 points for the first time in the previous trading day. The private sector employment in the US increased by only 150,000 in June according to ADP report, lower than expected and indicating a gradual cooling of labor demand. The US stock market will close early today and the trading volume is expected to be light.

環球市場播報Jul 3 22:08

Unexpected decline! ADP added 150,000 jobs in the United States in June, the lowest level in four months.

Services once again became the industry with the most new job openings. In June, the ADP services industry added 136,000 jobs, far exceeding the 14,000 jobs in manufacturing.

wallstreetcnJul 3 20:51

US Stock Market Outlook | Unexpected Slump! US 'Small Non-Farms' Reach Four-Month Low; Federal Reserve Meeting Minutes to be Released Tonight, US Stock Market will Close Early Due to the Holiday.

"Fed Pronouncements": Powell talks about progress in inflation, bringing rate cuts back into view; did the market become conservative? Strategist: The Fed is expected to cut interest rates three times this year! Growth tech stocks fluctuate before the market, Tesla rises nearly 2%, while Microsoft, Apple, and Nvidia fall slightly.

Futu NewsJul 3 20:42

Futu Morning News | Technology stocks continue to soar! Tesla rose more than 10%, Apple and Amazon hit new highs together; Powell's latest statement: Significant progress in reducing inflation.

Biden will meet with Democratic governors to seek support, and several popular candidates for succession will attend. Tesla delivered 444,000 vehicles in the second quarter, higher than expected in the market. Apple is expected to gain a seat on the OpenAI board of directors as an observer.

Futu NewsJul 3 07:54

Direxion Daily Semiconductor Bull 3x Shares ETF Options Spot-On: On July 2nd, 82,744 Contracts Were Traded, With 538.05K Open Interest

On July 2nd ET, $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$ had active options trading, with a total trading volume of 82,744 options for the day, of which put options accounted for 35.

Futu NewsJul 3 04:30