Here's the Breakdown for November CPI, in One Chart
“Wall Street magic calculator”: US stocks will rise and then fall next year Trump and Musk will risk falling
① Tom Lee, the co-founder of Fundstrat, known as the “magic operator of Wall Street,” expects the mid-year target of the S&P 500 index to be 7,000 points in 2025 and 6,600 points at the end of the year, an overall increase of 8%. ② He believes that the factors supporting US stocks next year include the Federal Reserve's interest rate cuts and Trump's tax cuts, but Musk's government efficiency department and Trump's tariffs may hurt US GDP.
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The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Overnight U.S. stocks | The Nasdaq broke 0.02 million points, setting a historical high, and Musk became the first person in the world with a net worth exceeding 400 billion.
As of the close, the Dow Jones Industrial Average fell 99.27 points, a decrease of 0.22%, closing at 44,148.56 points; the Nasdaq rose 347.65 points, an increase of 1.77%, closing at 20,034.89 points; the S&P 500 Index rose 49.28 points, an increase of 0.82%, closing at 6,084.19 points.
Nasdaq Up Big, Dow Down a Bit, Following CPI, Budget Data
