Late night broadcasting! Powell: The economy is strong, the Federal Reserve does not need to rush to cut interest rates, there is time to understand the impact of Trump's policies.
Powell stated that labor market indicators are returning to more normal levels consistent with the Federal Reserve's full employment target; inflation will continue to decline towards the target of 2%, although there may be occasional fluctuations; the interest rate path is not preset and depends on data and economic outlook. If the data tells us to slow down rate cuts, slowing down is the wise choice; Congress generally believes that the Fed's independence is very important, concluding prematurely on the policies of the Trump administration. The Fed will act cautiously before policy is more certain; the impact of AI may be later and greater than we expect.
Futu Morning Post | Powell 'hawkish': Strong economic performance, no rush to cut interest rates; Buffett's new warehouse received, Domino's surged more than 18% after-hours, Pool rose over 6%
Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
US stock market close | The three major indices all closed lower; electric vehicle stocks suffered heavy losses, with Rivian dropping over 14% and Tesla falling nearly 6%; china concept stocks generally declined, with zeekr falling over 23%.
In October, US PPI accelerated rebound, first-time jobless claims at a nearly six-month low, traders reduced rate cut bets, small cap stocks and Chinese concept indexes fell more than 1%, nvidia rose nearly 2% before turning down, Tesla dropped nearly 6%, zeekr plunged over 23%, jd.com dropped over 6%, Bilibili dropped more than 12%, netease rose more than 10%. The US dollar rose for the fifth consecutive time, the euro hit a one-year low, the Japanese yen fell below 156, offshore RMB briefly fell 200 points to temporarily breach 7.26 yuan. Gold oscillated lower and once fell by 1.4%, US bond yields turned higher, bitcoin fell below $0.088 million, and oil prices rose.
Federal Reserve Board member Cook: Policy must simultaneously focus on inflation and employment goals.
Federal Reserve Governor Coogle stated that policymakers must simultaneously focus on the central bank's inflation and employment targets, and pointed out that the labor market is cooling down, slowing progress towards the Federal Reserve's 2% inflation target.
US stock early market | The three major indexes fell, while disney rose more than 8% against the trend; semiconductor stocks rose overall, as asml holding increased by over 4%, and taiwan semiconductor, applied materials rose over 2%.
On Thursday, the three major US stock indices fell broadly. The s&p 500 dropped by 0.16%, the nasdaq fell by 0.20%, and the dow jones industrial average decreased by 0.11%.
U.S. Stock Market Preview: PPI data higher than expected, s&p 500 futures turn lower; strong performance! Disney pre-market up over 9%, Netease up nearly 5%
Federal Reserve Governor Kugle: Must focus on both inflation and employment targets; Uncertainties increase in the prospect of rate cuts, Federal Reserve officials urge cautious action; taiwan semiconductor rose more than 1% before the market, institutions expect the full load of operation of 3 and 5 nanometers to be maintained in the first half of next year.
Stock Market Today: Dow Futures Tick Higher With Powell Speech, Trump-led Sweep in Focus
Daily options tracking | Cryptos concept stocks strengthen again before the market opens! MSTR's volatility has been rising for several days; amazon hits a historic high! Call options within the week have doubled their profits.
Claiming to be a "SpaceX competitor," Rocket Lab surged 28% after earnings, with options volume skyrocketing threefold month-on-month to 0.4 million contracts. Call options accounted for 76.5%, among which the call options expiring this Friday with a strike price of $20 were the most active, with a volume exceeding 0.02 million contracts, and several call options saw premiums increase by over 200%.
Former US Treasury Secretary warns Trump: Do not fulfill campaign promises, or else face inflationary impact.
Summers stated that if Trump fulfills his campaign promises, inflation will be even worse than when it reached a 40-year high last time.
Is it time to cool down the 'Trump trade'? Hedge fund big shots: US stocks won't skyrocket!
① Nielsen Peltz, the CEO of the hedge fund company Trian Partners and billionaire investor, is confident about the incoming Trump administration; however, he believes that the stock market rebound will not last. ② Peltz stated in an interview on Wednesday that investors are caught up in speculation and the market will gradually cool down.
Bank of America survey: After Trump's victory, U.S. stocks are expected to be the best assets in 2025!
① A Bank of America survey shows that fund managers expect that us stocks will become the best performing assets next year, driven by the business-friendly policies of the Trump administration; ② They also expect that the small cap index Russell 2000 will perform the best next year, as its lack of international exposure minimizes the risk of increased overall import tariffs.
Is it stable? The probability of the Federal Reserve lowering interest rates next month has reached 80%.
① Last night, the completely market-expected usa October CPI data did not cause much of a stir in the market; ② However, the data performance still boosted market confidence in the Fed's interest rate cut next month, and stimulated a rebound in short-term US government bonds.
Risk ignored by US stocks? JPMorgan Asset Management: Trump's tariff plan may trigger stagflation issues.
David Kelly, Chief Global Market Strategist at jpmorgan asset management, stated that Trump's radical tariff plan could slow down the global economy and pose upward pressure on inflation in the usa.
The Republican Party won a majority of seats in the House, but the slim advantage brings challenges.
House Republicans are expected to win a majority of seats in the next Congress, giving them unified control that allows Trump to have more say in budget and tax battles. However, given that the Republican majority is expected to be narrow and internal consensus may be difficult to achieve, this could hinder their efforts to advance Trump's agenda.
Express News | Citic sec: optimistic about the overall performance of the U.S. stock market in 2025, suggesting to pay attention to four main lines.
Express News | CICC: Mild inflation opens the door for the Fed to cut interest rates in December.
Futu Morning Post | Interest rate cut in December stabilized? Fed officials said inflation is developing in the right direction; The market didn't stop spinning for the first time! Hong Kong Exchanges and Clearing Limited stated that it remains fully oper
The usa October CPI met expectations, Wall Street indicates that a rate cut next month is basically certain, with a potential slowdown next year; Trump nominated candidates for Secretary of State and several other important positions, and the Republican Party nearly secured control of the House of Representatives.
Wall Street Steady After Inflation Report Hits Target
Goldman Sachs: The "rush towards junk stocks" trend will continue until Trump's inauguration, with the most short sold U.S. stocks being favored.
Goldman Sachs advises to continue holding the most short-sold stocks until the end of January next year, as a decrease in interest rates, avoidance of an economic recession, resolution of election uncertainties, and Trump's overwhelming victory will create an environment favorable for a rebound driven by 'animal spirits,' which benefits low-quality stocks.
U.S. stocks closed | The three major indexes rose and fell unevenly, with the 'Trump trade' continuing to cool down, DJT falling by more than 5%; cryptos concept stocks across the board declined, with Coinbase falling by more than 10%.
The US CPI inflation rebounced but did not change the market's bets on a rate cut in December. The Nasdaq and small cap stocks turned negative, the chip index declined by 2%, nvidia and the Chinese concept index dropped over 1%, Tencent ADR fell by 1.8%, and fangdd network rose by 14% before turning negative by over 9%. The yield on two-year US treasuries briefly dropped by 10 basis points, while the yield on 10-year treasuries and the dollar initially fell before rising. The yen fell below 155, and the offshore RMB once dropped close to 7.25 yuan. Oil prices hovered at low levels for two weeks, while gold initially rose then fell to refresh a two-month low.