Are US stocks likely to be more bearish than bullish in the short term? Wall Street investment banks are shifting towards a cautious stance.
UBS Group predicts that US stocks will fall 10% from their peak in the next month, and Goldman Sachs also believes that the pullback is not yet over, but it is unlikely to enter a bear market.
Market expectations are dragged down by uncertainty in the election and weak sales. Small business confidence in the United States plummeted in August.
Due to increased uncertainty before the November 5th presidential election and the anticipated sales slump, the small business confidence index in the USA dropped in August, reversing the previous month's upward trend.
Verbal battle! Trump and Harris are about to face off, how will this debate stir the market?
At 9:00 am Beijing time on the evening of September 10th local time, the US presidential election of this year reached a critical moment. Democratic candidate and Vice President Harris will face off with her opponent, Republican candidate and former President Trump, in the first televised debate since the Democratic Party's leadership change.
The NFIB Small Business Optimism Index in the United States fell to 91.2 in August, lower than expected.
The National Federation of Independent Business (NFIB) survey shows that in August 2024, the optimism index for small businesses in the USA dropped to 91.2, the lowest in three months, lower than the market forecast of 93.6, while July was 93.7.
US stocks look ahead | Opening momentum hits a new high! Oracle's pre-market surge of nearly 8%; Goldman Sachs brings a "reassurance pill": the risk of US economic recession is very low, it is unlikely to enter a bear market.
Large US bank stocks mostly rose before the market, with rumors of a significant relaxation of capital regulations in the banking industry; Li Auto Inc. rose more than 3% before the market, with a weekly sales volume of 0.0107 million, ranking third in the luxury brand sales list; How will large US technology stocks regain momentum? Goldman Sachs points the way: a 'magical' moment is needed to help.
US: August Jobs Rise Fall Short of Expectations – UOB Group