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S&P 500 Index Newsroom
Buckle up! Wells Fargo & Co: The U.S. stock market and the economy are disconnected and are about to correct after this year's "surge."
① Wells Fargo & Co warns that the optimistic rebound of the US stock market after the election may lead to a short-term "hangover," and the S&P 500 Index could fall by 7%. ② The report points out that the disconnection between the US stock market and the economy is worsening, with economic data being tepid, yet stock indices are rebounding and rising.
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Famous Analyst warns: the Technology bubble is approaching a "critical point", be wary of large hedge funds selling off.
Kaplan, the CEO of True Contrarian blog and newsletter, believes that the current technology bubble in U.S. stocks has grown larger... the current bear market may have already begun. He also stated that if stocks like QQQ drop by 20%, those funds worth trillions of dollars will sell off at the same time.
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The Index returns to 0.02 million points, GFNZ100, GFNZ100 Fuguo, S&P CSI Cons Stap ETF, and USA 50 ETF premium significantly rise.
U.S. stocks closed early due to the Christmas holiday. On Christmas Eve, the three major U.S. indexes collectively rose, with the Nasdaq up 1.35%, returning to above 0.02 million points; the S&P 500 Index rose 1.1%, and the Dow Jones increased by 0.91%.
US Stocks Closed Higher Ahead Of Xmas Led By Big Tech