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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
thanks
ひな☆彡 SOXL(Bull) : Are you gonna take profit soon? The chart looks a little concerning
Chad Dunbar OP ひな☆彡 SOXL(Bull) : No, I don’t see myself selling in the next 5 years. If it pulls back, I’ll buy more. With quality companies, I prefer to hold long enough to gain tax advantage and let the shares compound, rather than jumping in and out then having to pay the full amount of taxes on gains.
ひな☆彡 SOXL(Bull) Chad Dunbar OP : That’s me ahahah all the best