USA's fiscal deficit hole: a major risk to the financial market
The federal fiscal deficit in the USA has reached a historic level.
Jackson Hole Symposium Could Cast Light on Fed's September Decision -- Market Talk
S&P rose more than 1%, small cap index rose 1.7%, Tesla and Nvidia rose about 5% each, while commodity fell again.
U.S. stocks rose with the S&P up over 1%, the largest increase in seven weeks, and the NASDAQ up 1.6%. Funds have returned to small cap stocks, with the small cap index rising 1.7%. Investors bought U.S. tech stocks on the dip, and only Apple and Amazon among the seven tech giants declined, with Tesla and Nvidia both up about 5%. Cybersecurity leader CrowdStrike, which triggered a global IT failure, fell more than 13%, nearly erasing this year's gains. Some Trump trades cooled down, with electric cars and photovoltaic stocks rising and petroleum stocks falling. There was a new variable in the U.S. presidential election over the weekend, and safe-haven demand initially pulled down U.S. bond yields and the dollar while boosting gold, but panic subsided and the VIX volatility index fell 10% from its highest level in nearly three months. The China concept stock index surged 2.8%, while offshore Renminbi fell more than 110 points to a two-week low. Oil prices initially fell more than 1%, and metal fell sharply.
UBS Wealth Management Chief Investment Officer: don't chase after the rise of small cap US stocks as the upward trend is not sustainable.
Lisa Shalett believes that the profit issues of small cap stocks are unlikely to be solved by a 75 basis point rate cut by the Federal Reserve. The prospect of the Republican Party winning the November election in the United States may stimulate the small cap stock market, but this is expected to be short-lived. Fund rotation is sustainable, and large cap stocks and high-quality cyclical stocks are preferred.
Nvidia, Tesla, Rest of Mag 7 Lift Stock Market Higher | Wall Street Today
Market Advances Monday after Biden Steps Down From Reelection
S&P 500, Nasdaq Rebound, as Nvidia, Tesla and Rest of Magnificent Seven Rally
Tesla Options Signal Positioning for Stock's Upward Potential Ahead of EV Maker's Earnings
This week, global financial markets will focus on Tesla and Google.
Hedge funds hope to prioritize cash ahead of the November US presidential election. According to Goldman Sachs' brokerage business division, this week overall saw painful closing out, with previous winners such as semiconductors, large cap stocks and AI concept stocks all experiencing sharp declines.
Nvidia and Semis Follow Market Higher after Kamala Takes the Stage | Herd on Wall Street
Long Term Outlook of SP 500 (SPX) Nesting Higher [Video]
Biden News May Lift Stock Prices, but Will the Downtrend Reverse?
S&P 500 Elliott Wave Technical Analysis [Video]
Biden Out, Bull Run In? Here's What Analysts Think
A Stock Market Rotation of Historic Proportions Is Taking Shape
Elliott Wave Analysis: Nasdaq Tech Stocks and S&P 500 Correction Phase Strategies [Video]
Biden resigned, who will take over?
Vice President Harris is the top contender, followed by California Governor Newsom, Michigan Governor Whitmer and Pennsylvania Governor Shapiro.
Biden dropped out and Harris took over: What strategy will she use to confront Trump?
With the approaching of the November general election, Kamala Harris, the vice president of the United States and the Democratic candidate for president, has received widespread attention for her business policies and positions.
The market smells the new bull market of US stocks! Maybe it just needs the final push from the “Magnificent 7”.
The equal-weight version of the S&P 500 index has recently performed best in two weeks since 2020 compared to the market-cap-weighted S&P 500 index. According to EPFR statistics, small cap stocks received an inflow of $9.9 billion, the second-highest in history.
Jain Global, the "sky-high fundraising" watched by Wall Street, is actually run by an Indian.
On the white-dominated Wall Street, Indian-American Bobby Jain raised a high-profile $5.3 billion, setting a record for the largest hedge fund fundraising since 2018.