Trump Picks Scott Bessent as Treasury Secretary, What Does It Mean for the Financial Markets?
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.
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!
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"Trump 2.0" deters the global? South Korea plans to increase support for chip companies and introduce $10 billion low-interest loans next year.
① South Korea plans to increase financial support for domestic chip manufacturers next year to address the challenges posed by the 'Trump 2.0' policy and competitors like China; ② The South Korean Ministry of Finance stated that low-interest loans will reach 14.3 trillion won (approximately 10.2 billion USD) next year to support new chip park enterprises and others.
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Lifting a stone to hit one's own foot! As soon as the tariff threat from Trump emerged, the stock prices of usa auto giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
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Our Number One Name: Tesla
11/27 [Strong and Weak Materials]
[Bullish and Bearish Materials] Bullish materials: Dow Jones Industrial Average is up (44860.31, +123.74); Nasdaq Composite Index is up (19174.30, +119.46); VIX index is down (14.10, -0.50); Active share buybacks; Request from the Tokyo Stock Exchange for enhancing corporate value. Bearish materials: Nikkei Average is down (38442.00, -338.14); 1 dollar = 153.10-20 yen; Chicago Nikkei futures are down (38330, -160); SOX index is down (4927.56, -
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U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
How Major US Stock Indexes Fared Tuesday, 11/26/2024
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