Market analysis on July 18

On Wednesday, US stocks showed significant divergence. The Nasdaq Composite Index plummeted 2.8%, the biggest one-day decline in a year and a half, while the Dow Jones Industrial Average hit a new high, indicating that capital is shifting from tech stocks to more traditional industries. Furthermore, the Russell Small Cap Index fell by more than 1%, ending six days of continuous gains. This was the first time since 2001 that the NASDAQ had plummeted while the Dow was still able to close higher, reflecting the continued rotation of market capital.

In terms of the company's performance, although $ASML Holding(ASML.US)$ The announced second-quarter results exceeded market expectations, but due to a mismatch between high expectations for AI technology and the speed of implementation of actual applications, its stock price plummeted by nearly 13%, triggering a collapse at one point. This reflects investors' concerns about the current boom in AI technology, particularly $NVIDIA(NVDA.US)$ GB200 motherboards may delay mass production due to overheating and high voltage issues.

$iShares Semiconductor ETF(SOXX.US)$ Performance was generally poor, with the Philadelphia Semiconductor Index plummeting nearly 7%. The hottest ETF tracking the index also recorded its biggest one-day decline since the pandemic. Nvidia, Applied Materials, $Advanced Micro Devices(AMD.US)$ and $Lam Research(LRCX.US)$ They all fell sharply by more than 10%, while those lagged behind $Intel(INTC.US)$ with $IBM Corp(IBM.US)$ However, stocks attracted investors' interest and achieved a reversal of the market.

In terms of monetary policy, comments from Federal Reserve officials show that although the market generally expects the Fed to cut interest rates in September, Waller, one of the most influential senior officials of the Federal Reserve, pointed out that the time is not yet ripe to cut interest rates. This statement contrasts with the market's expectations for rapid interest rate cuts.

In other parts of the financial market, gold fell after hitting a new high, silver plummeted, and oil prices rose somewhat. The yen strengthened significantly, while Bitcoin remained at a recent high.

In the Chinese market, A-shares performed weakly, while Hong Kong stocks rose. The Beijing Stock Exchange 50 Index bucked the trend and rose 7%. The trading volume of the Shanghai and Shenzhen 300 ETF increased significantly, and the Saudi ETF continued to rise.

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

MY Moomoo account opening link

https://j.moomoo.com/00JowO

Crossing Malaysia through the US 2.0 offline sharing session (Johor Bahru, Selong)

https://forms.gle/5LcNfrir4F5BFHUz6

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

See Original

Report

22K Views

Comment

生财有道

生财有道致力于全方位成长投资。邱天雄老师曾是上市公司主要媒体的CEO领导，拥有超过20年的投资经验。主要投资美国，中国和大马。

2111Followers

0Following

3643Visitors