Outlook for the US market: Is high volatility in US stocks the new normal? The Dow Jones Industrial Average starts 150 points higher.

Hello, Moomoo users! Good evening!This is the outlook for NY stocks tonight.

Market Overview
The US market started with the Dow Jones Industrial Average, which consists of high-quality stocks, falling 64.09 dollars to 42,323.48 dollars, while the Nasdaq Composite Index, with a high proportion of high-tech stocks, started 8.90 points higher at 18,576.09. The S&P 500, composed of 500 large cap stocks in the USA, fell 3.84 points to 5,819.68.

● According to Mr. Mike Wilson of gan ltd, "The US has not fully factored in Trump's victory."● Mr. Wilson states that the US has not fully factored in President Trump's victory.」。
● Mr. Wilson,The financial sector is greatly influenced by fundamental factors, and this influence is expected to surpass the impact of election results in the future.pointed out.。
●Mr. Charlie McElligott of Nomura Securities, mentioned that the market is overhedged in its dealings with President Trump, with the possibility of a 'Harris Shock'.mentioned the possibility of a 'Harris Shock'.
According to Mr. McElligott, if Harris' support rate is higher than expected, there is a risk of a reversal across asset classes. U.S. bonds may rise with short rolls, and there is also a possibility of a sharp decline in stock prices.

Is the high volatility of US stocks becoming normal?
The value obtained by subtracting the short position from the long position of the Volatility Index (VIX) turns positive for the first time since 2018.
When VIX positions become net long, it is extremely unusual for the stock market to simultaneously maintain such a large long position.
According to Bloomberg's Simon White, the market sees high volatility not as a disadvantage but as a characteristic of the current bullish market.
White pointed out that the current US stock market still has room for prices to rise and is adjusting to an environment with high volatility.

Dilemma of the Federal Reserve Board (FRB)
Those who win the White House are highly likely to inherit a bullish market.
Nick Timiraos, a Fed watcher, points out the possibility that the success of the inflation containment measures over the challenging two and a half years of the election may change.
Both candidates support policies to promote economic growth.
Economists are concerned that Mr. Trump's proposed policies may reignite inflation. Proposals include imposing tariffs on imported goods, expelling foreign workers, and exerting pressure on the Federal Reserve to lower interest rates.
According to the Peterson Institute, expelling immigrants would significantly reduce economic production while accelerating inflation.

Business leaders and economists expect that US consumers will bear the cost of tariffs.
While promising to offset new spending programs with tax and other revenue increases, Mr. Harris did not propose significant deficit reductions.

Stimulus measures in China.
According to Reuters, China is considering borrowing an additional approximately 215 trillion yen over the next few years to support the economy and reduce local government debt.
From November 4 to 8, China is scheduled to hold the National People's Congress Standing Committee meeting.