January 29th Market Analysis

Today is January 29th. Chip giants dragged the S&P Index back down, ending five consecutive gains, while the Dow showed an intraday rise, continuously reaching record highs. The cumulative increase continued for three weeks. The technology sector led the decline of S&P. The chip stock index fell to a one-week low for two consecutive days. Among them, Intel fell more than 10%, the biggest decline in more than two years, while AMD and Nvidia fell nearly 2% and 1% respectively; Google and Meta continued to hit record closing highs; Tesla, after a slight rebound, had a cumulative weekly decline of nearly 14%; in contrast, Netflix rose 18% during the earnings week. The Pan-European stock index hit a two-year high, with a weekly increase of more than 3%. LVMH has accumulated a cumulative increase of nearly 13% after the earnings report, while ASML has accumulated a cumulative increase of 16% during the earnings week.

According to Nick Timiraos of the “New Federal Reserve News Agency,” cooling inflation has opened the door to interest rate cuts this year, and the Federal Reserve's policy statement has changed. Although US GDP has surpassed expectations, there is still a major potential problem. Every dollar increase in US GDP in the fourth quarter was accompanied by a deficit of $1.55 and more than $2.50 in debt. Bitcoin stabilized at around $40,000 after the decline stopped, and the outflow of funds from the world's largest Bitcoin ETF slowed down. Analysts believe that the act of settling profits has largely been completed, thereby limiting Bitcoin's downside. After the US PCE data was released, the 10-year US Treasury yield rose, and at one point it was close to a five-week high. The US dollar index continued to fall, away from a six-week high, but has been increasing every week since the beginning of the year.

Gold retreated after rising, falling for two consecutive weeks. Bitcoin rose more than $2,000 in the intraday period and recovered to around $42,000, reaching a one-week high. Crude oil once again hit a new high of nearly two months, with weekly gains of more than 6%. US oil achieved its biggest weekly gain in nearly four months, while oil recorded the second largest weekly gain since the conflict between Israel and Pakistan.

In the Chinese market, the China General Stock Index fell for two consecutive days, but it still had a cumulative increase of nearly 4% this week, with NIO rising by more than 1%, and New Oriental falling by more than 1%, with a cumulative increase of 11% during the earnings week; the offshore renminbi fell more than 100 points in the intraday period, falling below the 7.19 mark, but it was the first weekly increase since the beginning of the year. The Shanghai Index rose for four consecutive days, with a weekly increase of 0.14%, while the Hengke Index fell by more than 3%. The China Securities Regulatory Commission has further strengthened the supervision of securities lending business, completely suspended the lending of restricted stocks, and resolutely cracked down on illegal acts of taking detours to reduce holdings and cash out in the name of securities lending. At the same time, the Shanghai and Shenzhen Stock Exchange issued a notice suspending the lending of allotted shares by strategic investors during the promised holding period.

======= I am a dividing line =======

How to Get Rich February Sharing Session