Official announcement! Trump nominates Besant as the secretary of the treasury in the usa. Learn more about this "Soros disciple".
① After going around in circles, Trump ultimately chose the initially most popular candidate for Secretary of the Treasury: Scott Bessen, a former 'Soros disciple' and well-known hedge fund manager. ② So, what specific labels does Bessen carry? What differences are there in policy positions between him and the previous popular candidate for Secretary of the Treasury, Walsh?
Top 20 Transaction Volume | Tesla rose nearly 4%; Chuanzheng is preparing for the Cybertruck's launch in china.
On Friday, the top traded stock in the US was nvidia, which dropped 3.22% with a trade volume of 33.481 billion USD.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
US stocks early trading | Some cryptos concept stocks rose, CleanSpark surged over 5%, MSTR rebounded nearly 4%; super micro computer rose over 12% again, accumulating over 80% in the past six trading days.
On the evening of the 22nd in peking time, all three major stock indexes are likely to record gains this week. The market continues to focus on signs of sector rotation from technology stocks to cyclical stocks.
US stock preview | Outstanding stocks collectively celebrate! AI search company Elastic soared 26% pre-market, Gap rose over 15%; Reddit fell nearly 7% pre-market, Tencent shareholding reduction.
Musk: The Optimus siasun robot&automation can be priced at $0.02-0.03 million, but annual production needs to exceed 1 million; Reddit fell nearly 7% in pre-market trading, impacted by Tencent's shareholding.
Breaking news! Is the "shadow chairman of the Federal Reserve" coming soon?
USA Treasury Secretary nominee Yellen is expected to be nominated as the next Chairman of the Federal Reserve. Analysis suggests that the 'shadow chairman' may intervene in the direction of monetary policy ahead of the official assumption of office in 2026, conveying Trump's 'low interest rate' inclination, exacerbating the risk of soaring inflation. At the same time, the Federal Reserve Chairman does not have complete decision-making authority over policy rates, which may also make the monetary policy outlook more uncertain.