450 billion Outflow vs. 1700 billion Inflow, USA active funds suffered greatly, while ETF is the big winner.

Analysts indicate that in recent years, traditional stock-picking Funds have struggled to justify their relatively high fees, as their performance lags behind the Wall Street Index driven by large Technology stocks. As older investors, who typically prefer active strategies, exit the market, younger savers are shifting towards cheaper passive strategies, accelerating the outflow of funds from active strategies.

wallstreetcn20:00 ET

U.S. stocks closed: The S&P and Nasdaq fell more than 1% for two consecutive days as the shadow of the debt ceiling looms.

① The three major indices of the US stock market continue to decline, with most tech giants weakening, and Chinese concept stocks generally closing lower; ② The issue of the USA debt ceiling is back on the table, pressuring market sentiment; ③ Ackman "promotes goods," leading to a surge in the stock prices of Fannie Mae and Freddie Mac; ④ Hesai Technology's Lidar delivery has reached a milestone.

cls.cn17:30 ET

For the first time in history! The assets of USA ETFs have surpassed 10 trillion dollars.

According to the latest data from Cerulli Associates, assets of Exchange-traded Funds in the USA exceeded 10 trillion dollars for the first time in November.

Zhitong Finance17:00 ET

Express News | Index Futures Have Declined in the Short Term, With Nasdaq Futures Currently Down 1.02%

Moomoo 24/7Dec 30 07:56 ET

The U.S. stock market bull market cannot be stopped? Societe Generale's big short is singing a different tune: the celebration is about to end, and it's time to exit.

Albert Edwards, a bear from Industrial Bank of France, warned that the end of the yield curve inversion and high expectations for the Technology Industry may indicate that the stock market frenzy in the U.S. is about to come to an end.

Zhitong FinanceDec 29 22:44 ET

The best-performing major Assets in 2024 will be: Bitcoin, Gold, US stocks, and Chinese long-term bonds.

Huatai Fixed Income states that the leading Assets in 2024 will include Bitcoin, Gold, US stocks, and China long-term bonds, while lagging Assets will include domestic Commodities, Euros, and Crude Oil Product. From the perspective of the Industry and individual stocks, the leading Assets are backed by long-term trends such as changes in the AI Technology Industry Chain, China's emotional Consumer chain, and safe-haven Assets in an uncertain environment.

wallstreetcnDec 29 20:20 ET