Trump Trade Reaches a Climax. Momentum May Extend Into Inauguration Day
U.S. stocks closed: The three major indices collectively fell ahead of the non-farm payrolls, while Chinese concept stocks regained upward momentum.
① Chinese concept stocks have resumed their upward momentum, with the Golden Dragon Index rising for 5 out of the last 6 trading days; ② AI application concept stock SoundHound AI surged by 31%; ③ CEOs of pfizer and eli lilly and co are rumored to have dined with Trump; ④ Progress in the assassination case of the CEO of a usa medical insurance giant: the killer left a death message.
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After Trump's election victory, optimism among American corporate executives has soared.
The survey shows that after Trump won the usa presidential election, the views of us corporate executives on the economy and their own business prospects became significantly more optimistic.
Amid the bullish sentiment, moody's poured cold water: two major risks loom large, and US stocks may experience a significant pullback next year!
①Moody's chief economist Mark Zandi warned that due to high asset prices and two major risks facing the market in the next year, the US stock market may experience a significant pullback; ②he pointed out that two policies of Trump may pose serious risks to the US stock market, namely tariff policy and immigration policy.
By the end of the year, everything in the US stock market seems to be going well.
Since the beginning of this year, the US stock market has already hit 55 historical highs. Experts at Goldman Sachs said the 56th is not far away as the end of the year brings record inflows into the market, retail investors are coming back from the Thanksgiving holiday, and strong demand for share buybacks by US corporations along with low market volatility will continue to drive the US stock market higher.
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U.S. stocks closed: The three major indices hit new highs as Trump rallied the cryptos craze, and the AI applications and chip sector saw more bullish earnings reports.
① Powell's wording is "just right," and the Dow Jones industrial average closed above 45,000 points for the first time in history; ② AI applications and the chip sector see another bullish earnings report; ③ The CEO of the largest health insurance company in the usa was assassinated on the street; ④ Trump nominated an SEC chairman with a pro-cryptos stance.