Small Cap Rebound Not Supported by Fundamentals: BlackRock's Wei Li

Wei Li, global chief investment strategist at BlackRock, says she is not chasing the momentum in small caps as the rebound is not supported by fundamentals.

Bloomberg23:36 ET

What Is the 'Trump Trade'?

State Street Senior Multi-Asset Strategist Marija Veitmane discusses the "Trump trade," the outlook for earnings and why she cautions against a "wholesale rotation into small caps."

Bloomberg23:34 ET

The "bleak season for US stocks from August to October" is approaching. Be wary of the wave of "profit-taking"! The financial reports of technology giants will dominate the fate of US stocks.

Issues typically arise between August and October, during which the historical performance of the US stock market is relatively weak compared to other months. The S&P 500 index in September has the largest five-year average decline at -4.23%.

Zhitong Finance21:35 ET

Harris Glides Toward Nomination, Contest With Trump -- WSJ

Vice President Kamala Harris marched toward securing the Democratic presidential nomination Monday following President Biden's decision to abandon his re-election bid, as the party coalesced around her to take on Donald Trump this fall.

WSJ20:14 ET

Did Biden's withdrawal cause market shock: Trump's chances of winning increased, pushing up the stock market, and the return of the Democratic Party may lead to a short-term adjustment?

Last Sunday, USA President Biden announced that he will not seek re-election in November, adding uncertainty for the new owner of the White House in 2025.

Zhitong Finance20:05 ET

S&P rose more than 1%, small cap index rose 1.7%, Tesla and Nvidia rose about 5% each, while commodity fell again.

U.S. stocks rose with the S&P up over 1%, the largest increase in seven weeks, and the NASDAQ up 1.6%. Funds have returned to small cap stocks, with the small cap index rising 1.7%. Investors bought U.S. tech stocks on the dip, and only Apple and Amazon among the seven tech giants declined, with Tesla and Nvidia both up about 5%. Cybersecurity leader CrowdStrike, which triggered a global IT failure, fell more than 13%, nearly erasing this year's gains. Some Trump trades cooled down, with electric cars and photovoltaic stocks rising and petroleum stocks falling. There was a new variable in the U.S. presidential election over the weekend, and safe-haven demand initially pulled down U.S. bond yields and the dollar while boosting gold, but panic subsided and the VIX volatility index fell 10% from its highest level in nearly three months. The China concept stock index surged 2.8%, while offshore Renminbi fell more than 110 points to a two-week low. Oil prices initially fell more than 1%, and metal fell sharply.

wallstreetcn19:01 ET