Has the bull market for US stocks just begun? Mag 7 is driving the sharp rise
This article uses automatic translation in part
Thursday was an important milestone for the US stock market, $S&P 500 Index (.SPX.US)$ with $Nasdaq Composite Index (.IXIC.US)$ It hit an all-time high. The sharp rise in the stock market continued as part of the rise after the election, and furthermore, the US Federal Reserve (Fed) decided to cut interest rates by 25 bp as expected.
Analysts at Evercore ISI Research have pointed out that this stock appreciation is far from over. There is a possibility that the S&P 500 stock price index will soar to 6,600 by mid-2025, and it is predicted that this will be driven by the political situation shaped by Donald Trump's unexpected return to the White House and the possibility that the Republican Party will occupy a majority in Congress. Julian Emmanuel, senior managing director of Evercore ISI Research, points out that past data shows that the current bull market that began in 2022/10 is still in its early stages. Normally, the bull market lasts for 50 months or more, and the average rate of increase over the past 10 years was 152 percent.However, the current bull market has risen 65%, and only 25 months have passed.
It was unexpected that a “decisive and uncontested” victory by Mr. Trump and the possibility of a “red sweep” were suggested, but there is a possibility that such results will strengthen policy expectations for deregulation and further rise in the stock market.Evercore's forecast is for a further 10.5% increase from Thursday's closing price of $5,973.10.
Mag 7 is driving the sharp rise
On November 5 (Tuesday), risk appetite increased on US election day, and the three major US stock indices rose by 1% or more. The Dow rose 1.1% or more and 464 points on the market, the Nasdaq rose nearly 1.5% at its highest price, the S&P 500 rose 1.2% or more at the highest price, and the Russell Small Cap Index rose nearly 1.9% at its highest price, and all sectors rose and closed. On the same day, $NVIDIA (NVDA.US)$ The total market value of $Apple (AAPL.US)$ It surpassed and became number one in the world. The company's stock has recorded an increase of over 200% this year.
On November 5 (Tuesday), risk appetite increased on US election day, and the three major US stock indices rose by 1% or more. The Dow rose 1.1% or more and 464 points on the market, the Nasdaq rose nearly 1.5% at its highest price, the S&P 500 rose 1.2% or more at the highest price, and the Russell Small Cap Index rose nearly 1.9% at its highest price, and all sectors rose and closed. On the same day, $NVIDIA (NVDA.US)$ The total market value of $Apple (AAPL.US)$ It surpassed and became number one in the world. The company's stock has recorded an increase of over 200% this year.
Wednesday, $Amazon (AMZN.US)$ Stocks also hit an all-time high during trading hours, $NASDAQ 100 Index (.NDX.US)$ It was raised to a similar all-time high. Since the beginning of the year, $Meta Platforms (META.US)$ is over 67%, $Alphabet-C (GOOG.US)$ over 29%, $Tesla (TSLA.US)$ It has risen by over 19%. $Apple (AAPL.US)$ with $Microsoft (MSFT.US)$ They have also risen by more than 18% and 13%, respectively, since the beginning of the year. According to some analysts, this shows that Mag7 is still popular with investors in the market.
-MOOMOO NEWS ZEBER
Source: Moomoo, Bloomberg, Evercore ISI
This article uses automatic translation in part
Source: Moomoo, Bloomberg, Evercore ISI
This article uses automatic translation in part
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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