U.S. Stock Market Preview: PPI data higher than expected, s&p 500 futures turn lower; strong performance! Disney pre-market up over 9%, Netease up nearly 5%
Federal Reserve Governor Kugle: Must focus on both inflation and employment targets; Uncertainties increase in the prospect of rate cuts, Federal Reserve officials urge cautious action; taiwan semiconductor rose more than 1% before the market, institutions expect the full load of operation of 3 and 5 nanometers to be maintained in the first half of next year.
Where is the end point of this round of Fed rate cuts? Goldman Sachs: Around 3.25-3.5%, 100 basis points higher than the peak of the previous cycle.
Goldman Sachs pointed out that there are two main reasons for the adjustment of the neutral rate, including the rise in interest rates in the bonds market and the updated estimates of the neutral rate by economic models. Furthermore, the adjustment is also supported by current strong fiscal spending and non-monetary policy factors such as risk appetite.
Express News | US October PPI YoY +2.4% Vs +2.3% Forecast, Prior +1.8%
Express News | US Weekly Initial Jobless Claims 217000 Vs 223000 Forecast, Prior 221000
Leading the rise in overseas bank stocks, is Goldman Sachs really the big winner in the Trump trade?
Analysis suggests that due to the significant growth of private credit and alternative assets, Goldman Sachs may become a potential big winner among banks. On one hand, private credit will not be restricted during the Trump administration, allowing it to continue growing over the next four years; on the other hand, the rise in government bond yields may also be beneficial to private credit.
Powell will take the stage again in the early morning! Will he make the market happy this time?
Powell is likely to discuss recent economic data, be careful as the market may face another "bloodbath".