Interesting election tidbit: Americans are crazy about "shopping therapy", but their wallets can't handle it!
①Under the influence of a series of uncertainties such as the general election and the economy, many Americans, especially young people, choose to relieve their anxiety through "doomsday consumerism"; ②But the fact proves that their wallets cannot withstand it.
China's New Stock Accounts Hit Nine-Year High as Market Booms
Market fluctuations are nothing to fear! Goldman Sachs: The possibility of U.S. stocks 'turning bearish' after the election is less than 20%.
Goldman Sachs recently stated that investors may feel anxious about the volatility related to the election, but the market conditions are good, which can help avoid a significant plunge into bear market territory after the election vote; Goldman Sachs analysts believe that the likelihood of a stock market decline exceeding 20% - a signal of the beginning of a bear market - is only 18%.
Futu Morning Post | Global Attention! The USA election enters the final showdown moment; Goldman Sachs: Fasten your seatbelts on election day, any clear outcome will severely impact the volatility of US stocks.
Technology giants drive the simultaneous rise of the three major indexes, with nvidia's market cap rising to first in the world; super micro computer falls nearly 15% after-hours, second-quarter net sales outlook lower than expected.
US stock market early trading | Three major indices rise together, 'Trump trade' heating up across the board! DJT up nearly 13%, cryptos concept stocks on the rise; growth tech stocks generally up, palantir soars over 20% after earnings.
As of the press time, the three major US stock indices collectively rose, with the Dow up 0.44%, the Nasdaq up 1%, and the s&p 500 index up 0.72%.
The most likely two scenarios for the USA presidential election, how to trade? This is the answer from Goldman Sachs.
Daiwa stated that the market is still inclined towards Trump winning and the Republicans sweeping Congress. In this scenario, if the volatility of US bond yields remains limited, cyclical stocks will perform well. At the same time, the possibility of Harris winning and Congress being divided is also increasing, in which case consumer stocks affected by tariffs and wind power stocks will perform well.