Is the bullish market in US stocks just beginning? Magnitude 7 is leading the sharp rise.
This article uses automatic translation in some parts.
Thursday marks an important milestone for the USA stock market, $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ hitting all-time highs. The stock market surge continues as part of the post-election rally, further boosted by the Federal Reserve's (FRB) expected 25bp rate cut.
Analysts at Evercore ISI Research point out that this bull market is far from over. There is a possibility that the S&P 500 stock index could surge to 6,600 by mid-2025, driven by the unexpected return of Donald Trump to the White House and the potential for the Republican Party to control the majority in Congress. Evercore ISI Research's Senior Managing Director, Julian Emanuel, notes that the current bullish market that started in October 2022 is still in its early stages, as past data indicates. Bull markets typically last for over 50 months, with an average increase of 152% over the past 10 years.However, the current bullish market has risen by 65%, with only 25 months having passed so far.
While the possibility of a 'decisive and uncontested' victory by Mr. Trump and a 'Red Sweep' was unexpected, these outcomes enhance expectations for regulatory easing, potentially further boosting the stock market.According to Evercore's financial estimates, they are expecting a further 10.5% increase from Thursday's closing price of $5,973.10.
Mag 7 leads a sharp rise.
On Tuesday, November 5, the risk appetite increased on the US election day, and the three major US stock index ETFs rose by more than 1%. Dow rose by more than 1.1% during the session, up 464 points, Nasdaq surged nearly 1.5% at record highs, S&P 500 rose by more than 1.2% at record levels, Russell small-cap index was up nearly 1.9% at record highs, all sectors rose at the close. On the same day, the market capitalization of Company A surpassed Company B to become the world's number one. The company's stock has recorded a rise of over 200% this year. $NVIDIA (NVDA.US)$ on Wednesday, Company C also set a record high during trading hours, pushing Company D to a similar record high. Year-to-date, $Apple (AAPL.US)$ became the world number one.
On Tuesday, November 5, the risk appetite increased on the US election day, and the three major US stock index ETFs rose by more than 1%. Dow rose by more than 1.1% during the session, up 464 points, Nasdaq surged nearly 1.5% at record highs, S&P 500 rose by more than 1.2% at record levels, Russell small-cap index was up nearly 1.9% at record highs, all sectors rose at the close. On the same day, the market capitalization of Company A surpassed Company B to become the world's number one. The company's stock has recorded a rise of over 200% this year. $NVIDIA (NVDA.US)$ on Wednesday, Company C also set a record high during trading hours, pushing Company D to a similar record high. Year-to-date, $Apple (AAPL.US)$ became the world number one.
Wednesday, $Amazon (AMZN.US)$ stocks also hit an all-time high during trading hours, pushing $NASDAQ 100 Index (.NDX.US)$ to a similar all-time high. Year-to-date, $Meta Platforms (META.US)$ Exceeded 67%, $Alphabet-C (GOOG.US)$ Exceeded 29%, $Tesla (TSLA.US)$ Exceeded 19%. $Apple (AAPL.US)$ And $Microsoft (MSFT.US)$ have also risen by 18% and 13% respectively since the beginning of the year. According to some analysts, this indicates that Mag 7 continues to attract the interest of investors in the market.
moomoo News Zeber
Source: moomoo, Bloomberg, Evercore ISI
This article partially utilizes auto-translation.
Source: moomoo, Bloomberg, Evercore ISI
This article partially utilizes auto-translation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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