Election Week
US stock market rallied last Friday to kick off the new month of November as Amazon led big tech stocks into the green territory, with the market brushing off a disappointing jobs report.
However, prior to last Friday, investors seem to have some concerns on Big Tech's high spending on AI, which yield limited results. That was why we had a bit of sell off in Meta and Microsoft
Meanwhile, there are also lots of uncertainties surrounding one of the most closely contested presidential elections in US history. The incoming President’s policies can impact lots of industries - from banks to healthcare, and from small cap to large cap companies.
To add on, with the FOMC meeting coming up this week as well, this is going to be a massive and impactful week for the stock market!
However, prior to last Friday, investors seem to have some concerns on Big Tech's high spending on AI, which yield limited results. That was why we had a bit of sell off in Meta and Microsoft
Meanwhile, there are also lots of uncertainties surrounding one of the most closely contested presidential elections in US history. The incoming President’s policies can impact lots of industries - from banks to healthcare, and from small cap to large cap companies.
To add on, with the FOMC meeting coming up this week as well, this is going to be a massive and impactful week for the stock market!
Buckle up and embrace another week of elevated volaility!
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