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The initial claims for unemployment benefits have dropped to the lowest level in 11 months! The market is beginning to bet that the Federal Reserve will not cut interest rates in 2025.
Last week, the number of first-time jobless claims in the USA unexpectedly decreased, reaching the lowest level in 11 months.
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The three major U.S. stock index futures all turned to decline amid rumors of tariffs from Trump affecting risk appetite | Highlights for tonight.
① It is reported that Trump is considering declaring a national economic emergency to introduce tariffs; ② NASDAQ 100 Index futures dropped over 0.5% in pre-market trading; ③ Meta ended its fact-checking program to extend an olive branch to Trump; ④ The Indonesian government warned that if Apple does not comply with local investment regulations, it may face "sanctions" in the worst-case scenario.
Pre-Market Trading Key Points | Is Trump's tariff plan changing? The December "small non-farm" data will be announced soon.
The three major Equity Index futures in the USA all dropped, with Nasdaq futures down 0.6%, S&P 500 Index futures down 0.45%, and Dow futures down 0.29%.
Will the Federal Reserve's meeting minutes release tonight continue to signal a "hawkish" stance?
This meeting minutes focus on: the degree of divergence among Federal Reserve officials, the determination of the persistence of inflation and the weakness of the labor market, as well as discussions on the rise of neutral interest rates to a higher level. Additionally, the impact of Trump's policies and details related to balance sheet reduction are also worth noting.
Express News | Trump Considering National Economic Emergency
Nvidia's Jensen Huang Said Something That Has All Quantum Computing Stocks Tumbling: QUBT And RGTI Down 13%, IONQ Down 11%
Howard Marks: Is there a bubble in the U.S. stock market now?
Max believes that the U.S. stock market may have some bubbles, but it is not out of control. The expected PE for the S&P 500 Index is 23.6 times, and compared to valuation parameters, a more effective way to determine bubbles is through psychological diagnosis. Currently, there is no talk from people saying 'there are no prices that are unreachable,' which is a clear indicator of irrational thinking and a sign of bubbles.
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