The US CPI data for October fell short of market expectations. Are the Mavericks here?
Recently, US stocks have risen to the point of doubting life, but only a few individual stocks with low liquidity have risen and stopped alternately. The overall market sentiment is still not very good, indicating that there are no agreed themes in the market. I hope this round of US stocks will drive Malaysian stocks to rise.
On the other hand, interest rates on US ten-year debt have declined, leading to an improvement in market sentiment. It is believed that the Fed will cut interest rates in June next year. However, if you look at it from another perspective, the decline in 10-year interest rates also represents an increase in everyone's demand for bonds, which means they are worried that the economy will enter a recession in the future.
However, it is good for the stock market in the short term, because the pressure for further austerity has been reduced, and I personally think there will be a wave of small bulls in US stocks (Malaysian stocks may have to wait a while; peak performance is approaching). I still maintain my previous view. I believe the stock market will be very good in the next two years, but there may be a major pullback before then. Soon it will happen in 2024Q1, Q2 at the latest, and then it will be time for wealth redistribution.
Don't go all in this round of gains. Remember to close when you see something good and prepare for the next round of decline.
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