On Tuesday, Eastern Time, the three major US stock indexes were mixed. As of press time, the Dow rose 0.08%, the Nasdaq fell 1.38%, and the S&P 500 fell 0.40%.
In terms of sectors,Bank, Energy stocks rose generally,Deutsche BankRose more than 3%,FuGuo bank、Bank of AmericaIncreased by more than 2%;Occidental PetroleumRose more than 7%,Murphy OilRose more than 6%。semiconductorStocks fell generally,TSMCFell more than 3%,AsmerFell more than 2%。
Global economy
Contrary to Big Morrison Bank of America’s short view on U.S. stocks next year: the market may usher in an “interest rate shock”
Bank of AmericaStrategists recently issued a report stating that due to inflation andinterest rateThe rise will lead to a reversal in global asset prices, bearish the market next year, and urge investors to focus on retaining cash.
U.S. stocks in focus
Home speculators flock to the U.S. in October, existing home sales unexpectedly rise to a nine-month high
Existing home sales in the United States rose 0.8% month-on-month in October, and are expected to fall by 1.4%. In September, they rose by 7% month-on-month. Investors accounted for 17% of buyers in October, up from 13% in September and 14% in October 2020. The median price of existing homes was US$353,900, a year-on-year increase of 13.1%.
Why is Powell’s re-election only the US stocks not so hawkish?
On Monday, November 22, the “nextMidlandWho is President Chu” boots finally landed. Powell, who is more hawkish than his rival Brainard, was successfully nominated for re-election and is expected to pass the Congressional appointment hearing. The market immediately reacted to “hawks”. Traders are right. The expectation of the first interest rate hike in the United States has been advanced from July next year to June next year. It is currently the most hawkish pricing. The US dollar index has risen rapidly, and the yields of US Treasuries of various maturities have risen but the yield curve has flattened.
Market news: ARK fund reduces Tesla (TSLA.O)
Market News: ARKfundUnderweightTesla(TSLA.O) ，Lockheed Martin(LMT.N), ETSY (ETSY.O), etc.
U.S. stock company
Major changes!Qualcomm officially announced the flagship chip of Snapdragon 8 Gen 1
QualcommSeparate from the Snapdragon brand.In the future, Snapdragon will become an independent product brand, and under appropriate circumstancesQualcommThe company’s brand has a specific connection.
Tesla (TSLA.US) over $1 billion in new Texas plant or completion by the end of the year
In the documents submitted to the Texas Supervisory Department last Friday,TeslaSummarizes the expenditures at the Austin plant.TeslaSaid that it plans to complete the construction of assembly, painting, casting, stamping and body workshop facilities before December 31. The documents show that the total area of these five facilities is nearly 4.3 million square feet (0.4 square kilometers), and the total cost is $1.06 billion.
(Article Source:Oriental wealthResearch center)
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