Gold Clocks New High While Dollar Weakens; Asia And Europe Markets Mixed - Global Markets Today While US Slept
Prominent "big short": The impact of the Fed's interest rate cut decision on US stocks is limited, and there are more important factors.
Morgan Stanley analysts said, "If the employment data weakens from now on, regardless of whether the Fed's initial rate cut is 25 basis points or 50 basis points, the market may trade with a risk-off sentiment."
Express News | Citigroup: Both Trump and Harris' political agendas are not favorable for US stocks. Investors are more concerned about other factors than the election vote.
The US stock market survived the "summer storm", but this time it relied entirely on the "S&P 493".
Since mid-July, the seven major technology stocks in the US stock market have fallen by 5.3%, while the S&P 500 index has fallen by less than 1%. The rise of other companies outside the 'Big Seven' has offset most of the decline in technology stocks, with the real estate and utilities sectors both rising by 11%.
Express News | US employment data influences the market trading sentiment and economic growth becomes a key driver of the stock market.
S&P 500 Implied Volatility Suggests 100-Point Swing As Fed Decision Looms: Experts Say Market May Collapse After Rate Cuts