Trump Picks Scott Bessent as Treasury Secretary, What Does It Mean for the Financial Markets?

Moomoo News GlobalNov 26 02:39 ET

The bull market continues! Morgan Stanley projects that the US stock market will reach 6,500 points by the end of 2025, with a focus on quality cyclical stocks.

Daiwa believes that the s&p 500, represented by high-quality stocks, will benefit from the Fed's rate cut cycle, stabilization of business indicators, policy mix, and uncertainty in economic data. However, considering that specific policies have not yet been introduced, U.S. stocks have been severely overbought, and next year's market is unlikely to "rise in a straight line," the key will be to see the Trump administration's measures in cutting fiscal spending.

wallstreetcn31minutes ago

Forex Today: Market Focus Shifts to US Data Dump Ahead of Thanksgiving Holiday

FXStreet02:02 ET

US Core PCE Inflation Set to Hold Steady, Raising Doubts on Further Federal Reserve Rate Cut

FXStreet02:00 ET

The strong upward trend of U.S. stocks has sparked a wave of IPO recovery, bringing new hope to private equity.

The return of private equity-backed initial public offerings (IPOs) to the United States is expected to make a comeback.

Zhitong Finance01:53 ET

Wall Street didn't prepare in vain! Trump hasn't taken office yet, but "tweeting to govern" has already begun.

① Although Trump's primary platform for social media expression may have shifted back from Twitter to his own platform, Truth Social, his habit of "governing through Twitter" has clearly not changed; ② This has led many Wall Street institutions to register for Truth Social accounts early, both before and after the election results were announced, and considering it as a precautionary measure in their strategy tracking models has proven to be a worthwhile effort!

cls.cn22:31 ET