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Federal Reserve Cuts Interest Rates by 25 Basis Points
Cross-market firecrackers are sounding! After the Federal Reserve's interest rate decision night, what is the probability of a rate cut in December?
①If measured by the comprehensive performance of cross-assets, yesterday may have been the best performing day of the year for the Fed interest rate day market; ②The Fed announced a 25 basis point rate cut to 4.5%-4.75% on Thursday as expected by the market, with a possible rate cut again in December; ③CME's FedWatch tool shows that traders currently expect a 25 basis point rate cut by the Fed in December with a probability of 67.8%.
Trump's presidency accelerates the bull market in US stocks! Wall Street investment banks: next year, the s&p 500 is expected to reach 6600 points.
①Analyst Julian Emmanuel of Evercore ISI stated that the US stock market bull market is still in its early stages, and the upward momentum will accelerate during the upcoming Trump presidency; ②Emmanuel expects the S&P 500 index to reach 6600 points by the end of next June, which means there is still an 11% upside potential for the index from the current level.
Powell Says Inflation Has Eased, Labor Market Is Solid
BlackRock's Rieder Sees Fed Cutting Again in December
11/8 [Strength and Weakness Materials]
[Bullish/Bearish Factors] Bullish factors: Nasdaq Composite Index is up (19,269.46, +285.99), Chicago Nikkei Futures are up (39,690, +450 compared to Osaka), SOX Index is up (5,333.99, +118.42), VIX Index is down (15.20, -1.07), US Crude Oil Futures are up (72.36, +0.67), US long-term interest rates are down, active share buybacks, request by TSE for improvement of corporate value. Bearish factors: Nikkei Average is down (39,381.41, -99.26).
