Home Business Pre-market US stocks | Morgan Stanley said that economic indicators are beginning to deteriorate, US stocks may pull back sharply. Ming-Chi Kuo predicts that Apple will launch a folding machine in 2024

Pre-market US stocks | Morgan Stanley said that economic indicators are beginning to deteriorate, US stocks may pull back sharply. Ming-Chi Kuo predicts that Apple will launch a folding machine in 2024

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The three major stock index futures rose. As of press time, Dow futures rose 1.10%, S&P 500 index futures rose 0.92%, and Nasdaq futures rose 0.82%.

  Global macro

  Yellen warned that US government debt default will cause widespread “economic disaster”

U.S. Treasury Secretary Yellen warned on the 19th that if the U.S. Congress does not quickly raise the federal government’s debt ceiling or suspend its effectiveness, the federal government may default on its debt in October this year and cause widespread “economic disaster.”

Yellen said in an article published on the website of the Wall Street Journal that day that if Congress does not raise the debt ceiling or suspend it in effect, the cash balance of the U.S. Treasury Department will fall to an insufficient level in October, and the federal government will be unable to pay the bills. The United States will default on debt. Economists of the Democratic and Republican parties and officials of the Treasury Department have formed an overwhelming consensus on this, believing that this will cause widespread “economic disaster.”

U.S. stocks in focus

  Morgan Stanley: Economic indicators have begun to deteriorate, US stocks or a sharp correction

  Morgan StanleySaid that as some economic indicators begin to deteriorate, the U.S. stock market may pull back sharply.

  Morgan StanleyChief U.S. stock strategist Mike Wilson said in a report to clients that the market is at a fork in the direction of “ice” and “fire”, and it seems that it is beginning to go downhill.

According to the report, a typical mid-cycle “fire” situation (MidlandReserve began to shrinkcurrencyEasing in response to overheating of the economy) will cause the S&P 500 Index to correct a moderate and healthy 10%. However, the “ice” scenario (earnings corrections and higher-frequency macro data deceleration under the pressure of forward demand, supply chain issues and profit margins) began to look more likely and could lead to more damaging results ——That is, a correction of more than 20%.”

The Dow Jones Industrial Average fell for three consecutive weeks and fell again by more than 2% on Monday. When the market is weak, US stocks have not seen a correction of more than 5% for an unusually long period of time.

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  Morgan StanleySaid that factors that may prolong the market decline include lower earnings, weak consumer confidence, andPurchasing Managers Index(SMEs) Poor data. Wilson said that the end of the new crown rescue plan may make the process of economic normalization more difficult than many people expected.

  U.S. stocks suffer from “Black Monday” due to multiple factors

Affected by multiple factors, the US stock market opened sharply on Monday. The Dow once plunged 971 points during the session. The three major stock indexes narrowed their losses in late trading, and finally closed down across the board.

As of Monday’s close, the Dow had closed down 614.41 points, or 1.78%, to 33,970.47 points, the largest one-day drop since July 19; the S&P 500 index fell 75.26 points, or 1.70%, to 4,357.73 points, a record of 5. The worst single-day performance since December 12; the Nasdaq fell 330.06 points, or 2.2%, to 14,713.90 points.

At the same time, the VIX panic index rose to a new high since May to 25.94, an increase of 24.65%. With the decline in investor risk appetite, the price of gold and the US dollar index rose on Monday.

In addition, as the White House stated in early November that it would lift travel restrictions on international travelers who have been fully vaccinated against the new crown vaccine, involving travelers from 33 countries and regions including the United Kingdom and the European Union, the aviation sector bucked the trend on Monday.American Global AirlinesETF(US. Global Jets ETF) closed up 0.62% to $22.89.American airlinesDelta AirlinesCompany andUnited AirlinesThe company’s stock price became the top three gainers in the S&P 500 index on Monday. in,American airlinesIt closed up 3.04% on Monday,Delta AirlinesClosed up 1.67%,United AirlinesThe stock price closed up 1.64%.

In response to the trend of U.S. stocks on Monday, Kace Capital Advisors (Kace Capital Advisors) managing partner Kenny ·BollKenny Polcari said he felt “very happy”. He even said to a reporter from China Business News that “it would be nice if it fell a little bit more”, and hoped that this wave of decline in the broader market would last for a month.BollCary explained: “I have been looking forward to this wave of decline for a long time. In fact, there are many problems that make the market very nervous. The first isMidlandChu’s actions,MidlandWill President Powell clarify the issue of code reduction this week? I personally feel that he will not, because he may express concerns about the global economy. “also,BollCary predicts that the Fed will continue to use the recent weak economic data as an excuse to stand still.

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U.S. stock company

  Guo Mingchi: Apple is expected to launch a folding machine in 2024

  Tianfeng SecuritiesAnalystGuo Mingchi released the latest report and pointed out that Apple previously predicted that Apple will launch iPhones and foldable iPhones that support under-screen fingerprints in the second half of 2022 and 2023, respectively. Because the development progress is lower than expected, the forecast is revised to support under-screen fingerprints and iPhone models. Folding iPhone will be postponed to the second half of 2023 and 2024 respectively.

  FedEx and United Parcel freight rates increase annual growth rate of more than 4.9% for the first time in eight years

  Federal Express(FDX.US) said on Monday that freight rates for most services will rise by an average of 5.9% next year. This is the first time that the company and its competitor, UPS.US, have increased their annual prices by more than 4.9% in eight years.During the epidemic, the market’s demand for delivery capabilities and door-to-door delivery of these companies has soared, and the pricing power has been transferred toFederal Express, United Parcel and other courier companies.United Parcel is expected to announce the rate of increase in freight rates for 2022 in the next few weeks, andFederal ExpressThe new freight rate will take effect on January 3 next year.

  Shell agrees to sell Permian Basin shale assets to ConocoPhillips for US$9.5 billion in cash

Royal Dutch/Shell said on Monday that it will sell its assets in the largest oil field in the United States for $9.5 billion in cash.ConocoPhillipsInternational (ConocoPhillips).

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According to reports, this transaction will expandConocoPhillipsIn the business scope of the Permian Basin, the Permian Basin is the center of the U.S. shale industry. For Shell, this is another step in its business focus from traditional oil and natural gas to renewable energy production.

Shell said in a statement that the cash proceeds from this transaction will be used for $7 billionshareholderAdditional allocations, and the rest will be used to further strengthen the balance sheet.

  Jia Yueting said FF 91 voted to defeat the three luxury cars: Maybach, Rolls Royce, Lamborghini

On the afternoon of September 21, FF founder Jia Yueting postedWeiboSaid that FF 91 defeated Mercedes-Benz S Maybach,Rolls RoyceCullinan and Lamborghini Bison won the first place after dozens of real users, investors and FPO voting.

  Affected by chip supply, Ideal Auto cuts its third quarter delivery plan

September 20,Ideal carreleaseannouncement, The announcement announced the delivery outlook for the third quarter of 2021. The article mentioned that due to the impact of the new crown epidemic in Malaysia,Ideal carThe special chip factory used by the millimeter-wave radar supplier severely cut production. Due to the slower recovery of chip supply than expected, the company expects its vehicle delivery volume in the third quarter of 2021 to be approximately 24,500 vehicles, which is lower than the previous forecast of 25,000 to 26,000 vehicles. The company will continue to monitor ongoing market conditions and maintain close cooperation with its supply chain partners to minimize the impact of chip shortages on its production.


The insiders of the ideal company revealed that the chip affected by the supply this time isIdeal carThe supplier of the millimeter wave radar used is Bosch. In the millimeter wave radar provided by Bosch, a core dedicated chip is missing. As far as we know, all vehicles on the market that use Bosch’s 5th generation millimeter wave radar will be affected.

(Source: Hafu Information)


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