Will there be a rate cut in December? The Federal Reserve's voting members this year have been "playing Tai Chi": regardless of whether they lower rates or not, interest rates should continue to decline.
This year, as with other Federal Reserve officials who spoke on Monday, Fed Chair Daly expected future rate cuts to continue, but did not commit to taking further action this month, stating that inflation continues to trend down towards the 2% target, and even with another rate cut, monetary policy would remain restrictive.
Short positions are about to vanish! The s&p 500 index hold positions are "completely one-sided".
Citigroup pointed out that the position of the Standard 500 index has reached a new high for the fourth consecutive week, and more and more short sellers are surrendering. In contrast, the european stock index has been in a net short position for several weeks, with 100% of the bulls in a losing state.
Looking back at 2024: Why did the rising trend of US stocks shock Wall Street?
①The US stock market has shown strong performance this year, with the s&p 500 index rising by about 27% year-to-date, expected to achieve the best performance in many years, far exceeding Wall Street's expectations at the beginning of the year. ②So, what are the factors that the US stock market relies on to achieve such a strong increase?
Wall Street's highest target price released! Wells Fargo & Co: s&p 500 expected to reach 7007 points by the end of next year.
On Tuesday, wells fargo & co stock strategist Christopher Harvey and his team released the target level of 7007 points for the s&p 500 index by the end of 2025; This is the highest target price given by mainstream Wall Street investment banks, indicating that the s&p 500 index is expected to rise by about 16% by the end of next year.
"Magical" Wednesday! There are major highlights in Asia, Europe, and America, as the market awaits Powell's speech before the period of silence.
At 2:45 AM Peking time on Thursday, Federal Reserve Chairman Powell will deliver his last speech before the blackout period ahead of the Fed's December meeting.
Understand it in one picture! When to focus on US stocks, when to layout global: all depends on "it"
For Wall Street traders, when should they concentrate their efforts on positioning in the US stock market? When should they diversify their funds and invest in overseas markets? The answer may lie on a very familiar chart: the 10-year US Treasury yield.
Has the market made a choice? Bank of America: Trump may be more important than non-farm payrolls!
Bank of America's latest report advises investors: Don't place too much emphasis on Friday's non-farm payroll data...
Trump has finally compromised! The transition team has signed the official background check agreement with the Department of Justice in the USA.
① The team of USA's incoming president Trump has reached an agreement with the Department of Justice, allowing the FBI to conduct background checks on the nominee and members of the transition team, to support the government transition; ② This agreement was originally planned to be signed on October 1, but the Trump team was reluctant to sign it, slowing down the entire process; ③ Trump's nominee for Secretary of Defense, Pete Hegseth, may become the focus of the background check as he has been accused of sexual assault and alcohol abuse.
Bank of America Securities: destocking cycle has ended, bullish on usa cyclical stocks in 2025.
Analysts at Bank of America Securities suggest that cyclical stocks in the USA should perform well in 2025.
Futu Morning Post | South Korea's president announced 'emergency martial law' late at night, stirring up the market; high-performance stocks collectively celebrate after hours! Marvell Technology, salesforce surged more than 10%.
Will the interest rate be cut in December? The Fed's voting members this year are "doing Tai Chi": regardless of cutting or not, interest rates should continue to decline; Nasdaq and S&P hit new highs again! Apple has risen for seven consecutive days to create a new historical high; Palantir rose nearly 7% to create a new historical high again, with the company's cloud computing service receiving a "highly authorized" certification.
Trading volume TOP 20 | Apple rises over 1% again, stock price continues to hit a historical high; palantir rises nearly 7%, the company's cloud computing service receives 'high authorization' certification
On Tuesday, the top trading volume of US stocks was nvidia, up 1.18%, with a turnover of $22.843 billion. The second was Tesla, down 1.59%, with a turnover of $20.39 billion. The third was apple, up 1.28%, hitting a new historical high in stock price, with a turnover of $9.384 billion.
U.S. stock market close | The Nasdaq and S&P hit new highs! Apple has risen for seven consecutive days, reaching a historic high, while palantir soared nearly 7% to refresh its historical high.
Citigroup strategists point out that as the s&p 500 index repeatedly hits new highs, bearish investors are surrendering. Investors are overwhelmingly long in s&p 500 index futures positions, with a decrease in bearish sentiment.
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
U.S. stocks closed: The S&P reached a historic high for the 55th time this year, while the index of Chinese concept stocks had four consecutive days of gains.
① The S&P and Nasdaq hit new highs, but the momentum is weak; ② A "nightmare" occurred with the south korea etf; ③ Tesla's "bullish investors" announced they will no longer go ALL-IN; ④ Apple is assessing the use of amazon chips to train AI models.
Express News | The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.3%.
Inflation Worries Keep Fed Officials Cautious Ahead of December Meeting
3 Reasons the US Equity Bull Will Continue
Forex Today: Extra US Labour Data and Powell to Drive the Mood
Fed's Kugler: Fed Goals Are Roughly In-balance
Fed's Daly: Economy Is in a Really Good Place