Entering the Christmas month! The Christmas market may continue to drive the U.S. stock market to new highs, with these sectors expected to become the "hottest opportunities"
Historically, in the seven trading days after Christmas, which include the last five trading days of the year and the first two trading days of the next year, investors tend to be more bullish, with a high probability of an uptrend in the U.S. stock market. This seven-day period is known as the 'Santa Claus rally.' Data shows that over the past 70 years, there has been an 80% chance of the S&P 500 index rising during these seven trading days.
Bank of America stock strategy team expects the s&p 500 index to reach a target of 6,666 points by the end of next year.
The Bank of America stock strategy team published a report indicating that the rise of the usa stock market is far from over, with a target of 6,666 points for the s&p 500 index by the end of next year. Part of the optimistic view is based on the expectation of strong economic growth, with some stocks benefiting more than others. The team predicts an economic growth of 2.4% in the usa next year, higher than the market forecast of 2%. The bank prefers economically sensitive stocks, recommending an increase in shareholding in financials, discretionary consumer, metals, real estate, and the utilities industry. It also believes there are more opportunities in individual stocks than in the indices, particularly favoring those stocks with healthy cash return expectations that are associated with the usa economy, namely large-cap value stocks. The team also anticipates the market rally will expand from the "magnificent seven stocks" to the s&p.
Fed officials "signal": Powell tends to cut interest rates in December, but warns that the anti-inflation process may "stall".
Federal Reserve Governor Waller stated that he is currently inclined to continue lowering interest rates in December, but would consider pausing if inflation data unexpectedly rises and changes his forecast for inflation trends. Regarding whether to support a rate cut in December, this year's voting member and Atlanta Fed President Bostic mentioned that he is open to the decision-making for December; although the data has fluctuated, inflation is continuing to decline towards the 2% target.
In November, manufacturing activity in the usa contracted for the eighth consecutive month, with weak demand but signs of easing.
In November, manufacturing activity in the usa contracted for the eighth consecutive month, with 24 out of the past 25 months showing a contraction.
Federal Reserve officials are speaking out, is confidence in interest rate cuts in December significantly increasing? Employment data becomes crucial.
The market is prepared for further interest rate cuts.
Futu Express | Three senior officials from the Federal Reserve speak intensively! They maintain an open attitude towards the interest rate decision in December; the Nasdaq and S&P hit new highs together, with Morgan Stanley predicting the S&P will reach 6
Central bank: Starting from the statistics of January 2025, the newly revised narrow mmf (M1) statistical caliber will be applied; the USA ISM manufacturing data is better than expected, with weak demand but signs of easing; the increasing burden of USA debt raises concerns about fiscal sustainability.
Can it still rise 4% this year? Morgan Stanley predicts that the s&p 500 index will reach a maximum of 6,300 points by the end of the year.
jpmorgan's trading department data shows that despite experiencing the strongest rebound since the early days of the internet bubble, the s&p 500 index still has room to continue rising before the end of the year.
"Hawkish" officials support the Federal Reserve's continued easing, but whether there will be a rate cut this month remains uncertain.
Bostic believes that inflation in the usa is moving towards the 2% target, the labor market is not deteriorating rapidly, but risks should be taken into account.
Express News | What path will the Federal Reserve take in December? Multiple decision-makers have expressed their views.
S&P 500 And Nasdaq Hit Record Highs As December Trading Begins
Trading Volume TOP20 | Tesla, ranked 1st, rose by over 3%, accumulating nearly 43% since November; super micro computer, ranked 3rd, surged more than 28%, with no improper behavior found in the review results.
On Monday, the top trading volume in the US stock market was Tesla, which rose by 3.46% with a trading volume of 27.591 billion dollars. The second was nvidia, which increased by 0.27% with a trading volume of 23.781 billion dollars. The third was super micro computer, which surged by 28.68% with a trading volume of 10.574 billion dollars.
US stock market close | Nasdaq and S&P hit new highs together! Technology stocks collectively strengthened, Taiwan Semiconductor rose more than 5%, Tesla rose more than 3%, apple regained market cap first place.
On the first trading day of December, online Monday shopping amount will break records, Nasdaq and Chinese concept stocks index rose by about 1%, chip index rose 2.6% leading, but Dow fell off the highs.
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
US stocks closed: Chinese concept stock index 'three consecutive rises,' technology giants prop up NASDAQ, S&P to reach new highs.
① Technology giants continue to rise, with the S&P and Nasdaq hitting new highs; ② Musk's high salary once again rejected by a judge; ③ Super micro computer announces no inappropriate behavior found; ④ Intel CEO suddenly retires, reportedly forced out by the board of directors.
On the first trading day of December, both the s&p 500 index and the Nasdaq hit new intraday and closing highs, with Tesla soaring more than 3%.
On the first trading day of December, the s&p 500 index and the Nasdaq surged, setting new intraday and closing highs on Monday. The s&p 500 index hit an intraday record high of 6,053 points and closed near that high, rising 14 points or 0.2% to finish at 6,047 points, a new closing record; the Nasdaq reached a maximum of 19,436 points during the day, closing up 185 points or 1% at 19,403 points; the Dow underperformed, finishing down 128 points or 0.3% at 44,782 points. Tesla's (TSLA.US) Full Self-Driving system completed an update, leading the market to believe that there are promising developments ahead.
Express News | U.S. stocks closed mixed, with the Dow down 0.29%, the Nasdaq up 0.97%, and the s&p 500 index up 0.24%. Both the Nasdaq and s&p 500 index reached new historical highs again. Chip stocks strengthened, with taiwan semiconductor rising over 5%, Arm Holdings
Express News | The jpmorgan trading team expects the s&p 500 index to approach 6,300 points by the end of the year.
Market experts: The overhyped usa market is giving birth to the "mother of all bubbles".
Despite escalating global geopolitical and macroeconomic concerns, international investors seem to unanimously agree on one thing: buying assets in the USA.
Forex Today: Focus Shifts to US JOLTs Report and Fedspeak
Express News | usa ISM manufacturing data better than expected, with signs of weak demand but now easing.