Don't Rule Out a Market Panic. How to Stress-Test Your Portfolio Before the Election
Beware of market volatility triggered by the US presidential election! Blackrock: This risk is underestimated.
Blackrock recently warned that the market is underestimating the risks of one of the US presidential candidates questioning the outcome of next month's election. Blackrock Investment Institute (BII) Managing Director Jean Boivin believes that a contentious election result could lead to a "legal war that could last for weeks and be very chaotic," potentially disrupting asset prices.
Futu Morning Post | Surged overnight! Tesla soared by 22%, Musk's wealth increased by $26 billion; Initial jobless claims in the USA unexpectedly declined to pre-hurricane levels.
Federal Reserve voting committee member Hammack stated that although the progress in reducing inflation in recent months has improved, the work against inflation is not yet complete; European Central Bank board member Nagel said that the ECB should not be too hasty in cutting interest rates and should still maintain flexibility.
US stocks closed | The three major indices rose and fell unevenly, with Tesla soaring 22%, marking the largest increase in eleven years.
Economic data supports the market's bet on a routine 25 basis point rate cut by the Federal Reserve in November. The US stock market only saw a drop in the Dow, the first four-day consecutive decline since June, dragged down by IBM and Boeing. The Chinese concept index fell by 1.6% before halving its decline, while Li Auto Inc surged more than 1%.
Higher Treasury Yields 'Paring Back' Fed Rate Cut Expectations
U.S. stock early trading | Tesla soared more than 16% after earnings, with its stock price briefly rising above $250; Cryptocurrency stocks surged, with MicroStrategy up over 6% and Coinbase up over 5%.
On the evening of the 24th Beijing time, tesla's stock price soared after the performance was announced. The market continues to focus on the US stock earnings and the prospects of the Fed's interest rate cuts.