Outlook for the USA market: Bitcoin temporarily broke through $0.09 million, dow inc started 30 points lower
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Here is the speculation on tonight's New York stock market.![]()
Market Overview
The USA market started, with the Dow Jones Industrial Average, consisting of high-quality stocks, starting at 43,880.46, down 30.52 points, and the Nasdaq Composite Index, with a high proportion of technology stocks, starting at 19,286.46, up 5.06 points. The S&P 500, consisting of 500 large-cap stocks in the USA, started at 5,985.75, up 1.76 points.
The USA market started, with the Dow Jones Industrial Average, consisting of high-quality stocks, starting at 43,880.46, down 30.52 points, and the Nasdaq Composite Index, with a high proportion of technology stocks, starting at 19,286.46, up 5.06 points. The S&P 500, consisting of 500 large-cap stocks in the USA, started at 5,985.75, up 1.76 points.
Top News
While the yen exchange rate hit a new low, Bitcoin turned higher again, and gold found support.
● Today's consumer price index statistics indicate strong inflation for the third consecutive month, leaving the Federal Reserve uncertain whether to cut interest rates next month. There is also a risk that President Donald Trump's policies could generate further inflationary pressure next year.
● The yen exchange rate has exceeded 155 yen per dollar for the first time since July, with increasing risks of Japan entering the foreign exchange market to slow down yen depreciation.
While the yen exchange rate hit a new low, Bitcoin turned higher again, and gold found support.
● Today's consumer price index statistics indicate strong inflation for the third consecutive month, leaving the Federal Reserve uncertain whether to cut interest rates next month. There is also a risk that President Donald Trump's policies could generate further inflationary pressure next year.
● The yen exchange rate has exceeded 155 yen per dollar for the first time since July, with increasing risks of Japan entering the foreign exchange market to slow down yen depreciation.
● Elon Musk and Vivek Ramaswamy lead a new government efficiency ministry to reduce bureaucracy. It is a temporary duty until July 2026.
● As the price of gold seems to have bottomed out above $2,600, Bitcoin's post-election rise is reviving.
● As the price of gold seems to have bottomed out above $2,600, Bitcoin's post-election rise is reviving.
US October CPI rises 2.6% year-on-year, matching market expectations, with core also in line with market expectations.
The Consumer Price Index (CPI) for October in the United Statesis It increased by 2.6% compared to the previous year.、It matches the market's expectation of 2.6%.The previous period increased by 2.4%.Rose 0.2% from the previous month.、It matches the market's expectation of a 0.2% increase.The previous period saw a 0.2% increase.
The Consumer Price Index (CPI) for October in the United Statesis It increased by 2.6% compared to the previous year.、It matches the market's expectation of 2.6%.The previous period increased by 2.4%.Rose 0.2% from the previous month.、It matches the market's expectation of a 0.2% increase.The previous period saw a 0.2% increase.
Amid rising inflation concerns in the USA, Trump's policies are putting pressure on the global market.
● Inflation concerns centered on the USA and President Trump's tariff and tax reduction plans are putting pressure on markets outside the USA, with the MSCI USA ex Index hitting a three-month low and emerging markets facing a sharp decline.
● Investors are cautious about further rate cuts by the Federal Reserve Board (FRB), and market expectations for the rate cut in December are approaching a balanced view from last week's optimistic outlook.
● In the global currency market, the yen exchange rate has swung to a weaker yen beyond 155 yen per dollar, and the People's Bank of China (central bank) has moved to curb the weakening of the renminbi, yet the Bloomberg Dollar Spot Index is maintaining a two-year high.
● Concerns about the rise in US bond yields have led to expectations of further selling of bonds. Some investors are shifting their focus to assets more isolated from President Trump's policies, such as Thailand and Vietnam.
● There is also a discussion that this pressure will eventually affect US assets.
● Inflation concerns centered on the USA and President Trump's tariff and tax reduction plans are putting pressure on markets outside the USA, with the MSCI USA ex Index hitting a three-month low and emerging markets facing a sharp decline.
● Investors are cautious about further rate cuts by the Federal Reserve Board (FRB), and market expectations for the rate cut in December are approaching a balanced view from last week's optimistic outlook.
● In the global currency market, the yen exchange rate has swung to a weaker yen beyond 155 yen per dollar, and the People's Bank of China (central bank) has moved to curb the weakening of the renminbi, yet the Bloomberg Dollar Spot Index is maintaining a two-year high.
● Concerns about the rise in US bond yields have led to expectations of further selling of bonds. Some investors are shifting their focus to assets more isolated from President Trump's policies, such as Thailand and Vietnam.
● There is also a discussion that this pressure will eventually affect US assets.
Rocket Lab USA's stock price is soaring.
● Satellite launch company $Rocket Lab (RKLB.US)$ In pre-market trading, it has surged over 25%.
The company announced better-than-expected quarterly revenue outlook and the first contract using the new rocket system 'Neutron'.
Just this year, the company's stock price has risen by over 160%.
● Satellite launch company $Rocket Lab (RKLB.US)$ In pre-market trading, it has surged over 25%.
The company announced better-than-expected quarterly revenue outlook and the first contract using the new rocket system 'Neutron'.
Just this year, the company's stock price has risen by over 160%.
AI boom overshadowing the second-worst inflation-adjusted stock performance in the past 25 years
According to Deutsche Bank's research, despite the AI boom and record highs, the inflation-adjusted performance of US stocks is at the second-worst level in the past 25 years.
The nearly 5% annual increase is modest, marking the first time US stocks will fall below gold in this quarter-century.
Since 1800, the real annual return of US stocks is 6.9%, surpassing 10-year bonds, but recent returns are far from 'amazing' both absolutely and relatively.
One factor contributing to the historically poor relative returns dates back to the peak of the dot-com bubble, which recorded historically high valuations.
At Deutsche Bank, it is expected that stocks will once again outperform bonds, especially as the policy bias continues towards reflating in the midst of economic crisis.
According to Deutsche Bank's research, despite the AI boom and record highs, the inflation-adjusted performance of US stocks is at the second-worst level in the past 25 years.
The nearly 5% annual increase is modest, marking the first time US stocks will fall below gold in this quarter-century.
Since 1800, the real annual return of US stocks is 6.9%, surpassing 10-year bonds, but recent returns are far from 'amazing' both absolutely and relatively.
One factor contributing to the historically poor relative returns dates back to the peak of the dot-com bubble, which recorded historically high valuations.
At Deutsche Bank, it is expected that stocks will once again outperform bonds, especially as the policy bias continues towards reflating in the midst of economic crisis.
moomoo News Zeber
Source: moomoo, Bloomberg
This article uses auto-translation in part.
Source: moomoo, Bloomberg
This article uses auto-translation in part.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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