Selling tech stocks and increasing risk appetite.
☑️ Stock market
① S&P 500 index slightly up, Dow 30 average and Russell 2000 index up.
② Tech stocks are weak, especially Nvidia down 1.6%.
Tesla rose sharply by 9%.
Bitcoin updated its all-time high of $88,000.
① S&P 500 index slightly up, Dow 30 average and Russell 2000 index up.
② Tech stocks are weak, especially Nvidia down 1.6%.
Tesla rose sharply by 9%.
Bitcoin updated its all-time high of $88,000.
Bond market
① The spot market for U.S. bonds is closed
② Bond futures are moving weakly
Expectations of economic stimulus measures by the Trump administration are expected to lead to a rise in yields.
☑️Foreign exchange
The dollar is rising against major currencies
The yen fell to the latter half of the 153 yen range, supported by Trump's next administration policies.
☑️Commodity - Oil
WTI crude oil prices fell to the $68 range, influenced by weak demand in China
There are suggestions of easing short-term tightness.
☑️Commodity - Gold
With profit-taking selling, the gold price dropped significantly to $2,617.70 per ounce.
The impact of the strong dollar and decreased speculative positions.
Market outlook ✔️
The predicted return of the S&P 500 in 2024 exceeds the time when Trump was elected in 2016.
The tax cuts and deregulation of the next Trump administration are increasing expectations for the stock market.
Bullish forecast for the S&P 500 to reach 10,000 by 2029.
【Summary】
On the 11th, in the US market, while the S&P 500 rose slightly, tech stocks were weak, with Nvidia falling, suppressing some stocks from rising.
Bitcoin reached a record high of $88,000, indicating an increased risk appetite.
The bond market is closed, but with expectations of rising yields due to Trump's next administration's economic stimulus measures. In foreign exchange, the dollar is strong, while the yen fell to the 153 yen level.
Crude oil prices fell to the $68 range against the backdrop of weakening demand in China, and gold prices also plummeted due to profit-taking sales.
The market predicts that the stock returns in 2024 will exceed those of 2016, with strong expectations for further growth due to tax cuts and regulatory easing.
Continued optimistic market conditions are unfolding.
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