There was absolutely no clear reason for a back-to-back rally on Thursday and Friday. And those rallies in the Nasdaq were impressive. Something is fishy here.
We have SO MANY unresolved problems. Interest rates are going higher. Inflation is still present and strong. Cost of living is forcing many people to hold off on spending. We have the war in Ukraine...we have China not getting along with the US...we have serious political unrest here in the USA... $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Camber Energy (CEI.US)$

$Eni SpA (E.US)$ E for Energy ! 26 days of going up ! forget about qatar , russia n usa LNG
North africa nat gas is closer to europe where the demand is hot . For once this italian 6 legged dog Eni finally make a sprint!
$Occidental Petroleum (OXY.US)$ $Apple (AAPL.US)$ $Halliburton (HAL.US)$ $BP PLC (BP.US)$ $Shell (SHEL.US)$ $Sunoco (SUN.US)$ $Flex LNG (FLNG.US)$ $Carnival (CCL.US)$

$Nasdaq Composite Index (.IXIC.US)$ In recent times, there are increasing signs that the watershed for interest rate hikes is beginning to emerge, making large-scale corporate layoffs inevitable in this situation.
Last weekend, Musk started the second wave of layoffs on Twitter, dismissing 80% of Twitter's contract workers.
This is not just a new leader's 'three fires', the trend of accelerated layoffs and rising unemployment rates across the United States is already significantly on the rise.
How wide is the impact? In addition to $Apple (AAPL.US)$ As a risk management tool, options also have leverage, which can help Mooers hedge their positions, gain big profits with a small investment, and enhance potential returns. $Amazon (AMZN.US)$ and other technology giants laying off employees, disney (DIS.US) and GlobalFoundries (GFS.US), two industry giants, have also implemented hiring freezes and are preparing for layoffs.
Not only that, Wall Street has also started wielding the layoff sword.
Both citigroup (C.US) and goldman sachs (GS.US) have joined the latest list of corporate layoffs.
In fact, the U.S. unemployment rate began to increase more than expected in October. According to the U.S. Department of Labor, the October unemployment rate rose to 3.7%, an increase of 0.2% from the previous month, and the number of unemployed people directly increased to 6.1 million.
The wave of layoffs has led to an increase in the unemployment rate, and even includes the peak of the economic cycle, all within the plan of the Federal Reserve.
I want to say, these signals may be beneficial to the company's stock price in the short term, but in the long term, from a macro perspective, it's just...

$TENCENT (00700.HK)$ In the past few years of trading stocks, I've experienced some good profits and recently some significant losses. From a human perspective, all the frustration, fear, and unhappiness actually come from the mismatch between the timeframe of our understanding and the timeframe of our returns. Whether or not it is suitable to invest and whether or not one is smart does not matter as much as it depends on our ability to manage our desires, our patience, and our understanding of delayed gratification.

$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ As the US midterm elections come to a close, the Democratic Party has taken the lead with 50 seats, securing control of the Senate. At the same time, based on the current 'leading' situation, the Republican Party is likely to secure the House but with a lead of within 15 seats. This means a situation of a divided Congress is essentially formed, quite different from the expected 'Red Wave' in the market, where the Republican Party wins big (leading by 30 seats in the House and winning the Senate). The Democratic Party's performance is stronger than expected.
This is the first time the US has allowed 'mail-in voting', and the mailed ballots are heavily tilted towards the Democratic Party, resulting in the swing states like Nevada and Arizona ultimately leaning towards the Democratic Party. If this situation persists, it may lead to a bigger change in the 2024 elections, raising questions on whether the Republican Party led by Trump will come up with more countermeasures?
Regarding the impact on future policies?
1. A divided Congress will bring greater challenges to the Biden administration.
Although some executive orders can take effect directly by the president's signature, when it comes to crucial matters like taxation and debt issuance, they need to go through Congress. The Democratic Party has always implemented more radical fiscal policies by 'raising taxes, supporting anti-monopoly efforts, and increasing government budgets'. When the control of Congress is in the hands of the Republican Party...