Biden's first statement before leaving office: Congress members should be prohibited from engaging in Stocks Trade.
① The President of the USA, Biden, stated in an interview that members of Congress should be prohibited from trading Stocks; ② This is the first time Biden has expressed his opinion on the issue of Congress members trading Stocks, and given that he has only one month left in his term, the impact of his statement remains unclear.
Powell: "Approaching or already at" the point of slowing down and pausing interest rate cuts, future rate decreases will require new progress in inflation (full text attached).
Powell stated that the decision to cut interest rates at this meeting was relatively difficult, as the Fed faces a roughly balanced risk in achieving its dual goals of controlling inflation and promoting employment, with significant progress already made in controlling inflation. Although interest rates have been lowered by 100 basis points, they are still 'significantly' restraining economic activity, and the Fed is 'on track to continue lowering rates.' However, before any further cuts, officials need to see more progress on inflation. Powell mentioned that the policies of the new USA administration have not yet been officially released, but the Fed has done quite a bit of preparatory work, enabling a more careful and considered assessment and appropriate policy response when specific policies are finally revealed. The Fed announced a 25 basis point rate cut on Wednesday, as the market expected, but Fed officials significantly raised the median target range for future policy rates and made substantial upwar
Jeff Bezos-Backed Perplexity Raises $500 Million, Tripling Its Valuation To $9 Billion As Competition With Google And OpenAI Heats Up
Analysis of the major bull market in U.S. stocks on Thursday's significant decline: Don't panic, this wave of selling is very healthy!
This well-known investor pointed out that US stock market investors had almost lost control before, and this time the Federal Reserve just brought them back to reality.
Daily Options Tracking | Musk is being investigated by the U.S. military! Tesla's Put ratio has risen to 39%; Micron fell over 14% before the market opened, with yesterday's options trading being very active, and many Put options earning over double.
The Federal Reserve breaks the bullish sentiment! The new member of the trillion Market Cap club, Broadcom, dropped nearly 7% yesterday, with Options Volume continuing to decline to 0.578 million contracts, and the Put ratio is 35%. On the Options Chain, the bullish forces are strong. The highest Call volumes for contracts expiring this Friday at $260, $250, $240, and $235 are 0.022 million, 0.019 million, 0.016 million, and 16,000 contracts respectively.
Express News | Pre-Market Trading: Micron Technology fell nearly 15% after earnings, the Cryptos Concept rebounded, and MSTR rose nearly 4%.
DXY: Wakeup Call From a Hawkish Fed – OCBC
NVIDIA firmly holds the throne of AI Chips: Will Broadcom's challenge succeed?
NVIDIA's Stocks have recently declined, while investor interest in Broadcom is rising. However, why does NVIDIA still hold the upper hand in the AI Chip field?
USD: Pause in Rate Cuts May Come as Early as January – OCBC
Goodbye stability, welcome to the "roller coaster" of the stock market in 2025! Is the investment portfolio ready?
As the end of 2024 approaches, the market outlook is filled with uncertainty, and the stock market may face a wave of volatility.
"The next NVIDIA" is emerging, A-shares tapping into ASIC must be booming, is there a new narrative for AI Chip?
① Broadcom's performance has surged, and Morgan Stanley estimates that the AI ASIC market size will increase from 12 billion dollars in 2024 to 30 billion dollars by 2027; ② Compared to general GPUs, ASICs have advantages in terms of energy consumption and cost; ③ Most AI ASIC-related stocks in the A-share market have different business directions from Broadcom, and the segments driven by AI ASIC, such as optical modules and Switches, are receiving considerable attention.
Apple strongly criticized Meta for overreaching, but this time the European Union stood with Meta.
① Apple criticized Meta on Wednesday for repeatedly requesting access to software tools on iPhone devices, stating that this would affect user privacy and security; ② Apple warned that Meta has made a total of 15 interoperability requests, and if allowed, Meta could read all information from users on Apple devices; ③ The European Union has requested Apple to provide feedback on the relevant requests so that application developers can better understand iOS components.
Express News | UOB: The Federal Reserve may cut interest rates by 75 basis points next year.
Markets Might Have Overreacted to Fed's Signals -- Market Talk
The degree of change is shocking! The Federal Reserve may have entered a "new phase."
Some economists believe that the "culprit" behind the global financial market crash on Thursday may still be Trump...
Goldman Sachs: Although the Federal Reserve is hawkish, Powell is more dovish and still expects three interest rate cuts next year.
Goldman Sachs believes that Powell leaned dovish at the press conference, mentioning four times that Federal Reserve policy remains "significantly restrictive" and disagreeing with the view that the federal funds rate is close to neutral. Goldman Sachs expects rate cuts in March, June, and September next year, but it should be noted that the cut in March requires better inflation data or worse employment data to support it.
Morgan Stanley: The results of the Federal Reserve's interest rate meeting and forward guidance are more hawkish than expected.
According to the committee's median, it is currently only expected that there will be two rate cuts in 2025, two rate cuts in 2026, and one rate cut in 2027.
9 billion dollars! In less than a year, the valuation of the new AI search star Perplexity has increased 17 times.
On December 17th, San Francisco time, the AI Search Engine company Perplexity completed its fourth round of financing this year, raising 0.5 billion USD, and the company valuation surged to 9 billion, increasing 17 times compared to the beginning of the year. At the start of this year, Perplexity's valuation was only 0.52 billion USD, and by this summer, the company's valuation had grown to 3 billion USD.
Trump's tariff plan is unpopular! More than half of the USA population opposes imposing taxes on commodities from Mexico.
Standard & Poor's stated that the tariffs in the USA will raise inflation rates and reduce economic output, while some individuals and businesses are stockpiling goods in anticipation of tariff concerns, leading to a significant increase in throughput at the Port of Los Angeles and Long Beach in November.
Express News | Morgan Stanley expects that the Federal Reserve will cut interest rates by 25 basis points twice in 2025, whereas it was previously anticipated that there would be three cuts of 25 basis points after the December Federal Open Market Committee meeting.