The three major U.S. stock indexes closed up collectively overnight, with the S&P 500 approaching 5,000 points, once again refreshing a record high. The three major European stock indexes collectively closed down, with obvious differentiation. One of the reasons for the strong performance of U.S. stocks is the excellent performance of the reported corporate earnings! This also means that the fundamentals of the U.S. economy are very strong.
The Chinese concept stock index, which has risen sharply before, has contrarian **, which is also reasonable, on the news side, Alibaba fell more than 5% after announcing its financial report!
1. U.S. stock related information
Investors welcomed the overall strength in U.S. corporate earnings and kept a close eye on Fed policymakers' comments for clues on the outlook for interest rates.
According to the data, more than half of the S&P 500 companies have reported fourth-quarter results, of which 812% of companies beat earnings expectations.
Michael James, managing director of the trading division at Wedbush Securities**, said:"Optimism about improved corporate performance continues to dominate and keeps the market positive. "
The company's performance is super strong, and some technology stocks continue to bet heavily on artificial intelligence, which also pushes up the stock prices of AI leaders such as Nvidia.
However, New York Community Bank is still in turmoil, a day after Moody's, an international rating agency, downgraded all long-term and some short-term issuers of New York Community Bank to "junk" and warned of the possibility of further downgrades.
James pointed out that investors are worried about the resurgence of the banking crisis, which is also a concern for the market in the near term, and the KBW regional bank index briefly exceeded 2% in early trading.
New York Community Bank fell more than 13% in early trading after newly appointed executive chairman Alessandro Dinello vowed to cut exposure to the commercial real estate sector and ended up 667%。
The crisis of small and medium-sized regional banks is actually a certain degree of concern about maintaining high interest rates, which may force the Fed to speed up.
On the same day, the Federal Reserve again suppressed the expectation of interest rate cuts in a series of **. Boston Fed President Collins said"For now, policy remains in a good position and we are carefully assessing the changing data and outlook. As we grow more and more confident, ......I think it might be appropriate to start easing policy later this year. ”
Minneapolis Fed President Kashkari said he expects the Fed to cut rates only two or three times this year, which is significantly less than the market expects the Fed to cut rates this year.
The downward trend in interest rate cut expectations has had a greater impact on some sectors. For example, the biotech sector.
Second, the overall performance of Europe and the United States
The Dow rose 15600 points, an increase of 040% at 3867736 points; The Nasdaq rose 14765 points, an increase of 095% at 1575664 points; The S&P 500 rose 4083 points, an increase of 082% at 499506 o'clock.
The Nasdaq is quite strong! Standard upward trend!
The three major European indices fell across the board, with the UK's FTSE **068%, German DAX index **065%, French CAC index **036%！
3. The performance of U.S. stocks
The majority of U.S. stock industry ETFs, semiconductor ETFs closed up 202%, global technology stock ETF rose 134%, and the technology sector ETF rose 132%, optional consumer ETF rose 112%, financial sector ETFs rose 075%, the Internet stock index ETF rose 053%。The Biotech Index ETF fell 178%, and the regional bank ETF fell 026%。
Large technology stocks rose, Meta rose more than 3%, and Nvidia rose 26%, refreshing ** all-time high to near $700, Microsoft rose 21% market value returned to above $3 trillion, Tesla rose more than 1%, Netflix, Google, Apple, Amazon slightly**.
Snap plunged more than 34% to its lowest level since November last year as the company's revenue fell short of expectations and issued disappointing guidance.
Ford Motor **605%, the company expects EBIT in 2024 to be $10 billion to $12 billion, better than market expectations.
Popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 118%。Alibaba fell more than 5%, Bilibili, JD.com, Xiaopeng Motors fell more than 4%, iQiyi fell more than 3%, Weilai, Li Auto, Full Bang, fell more than 2%, Tencent**, Futu Holdings, Vipshop, Weibo fell more than 1%, NetEase slightly**. Pinduoduo rose more than 2%.
4. Exchange Rates and Commodities**
The U.S. dollar index retreated 015%, and the RMB exchange rate fell to 720.
The price of gold is slightly **, up more than 1%!
Industrial metals mostly retreated.
5. Research and judgment on the trend of Hong Kong stocks and A-shares!
1. FTSE A50**041%, Hang Seng Index ***037%, on the whole, Hang Seng Technology will have a small ** today.
2. In terms of A-shares, judging from the performance of the Shanghai Composite Index yesterday, it is still good, breaking through the upper pressure, so today we will continue to see if there is a possibility of attacking 2900 and give us a good ending!
On the news side, the head of a certain club has been replaced, which is also a good thing, but whether there can be feedback still needs to be observed.
Angkor's strategy is very clear, that is, the Shanghai Composite Index will rush above 2900, and will liquidate the majority of A-shares** in one of the accounts.
The above is for reference! Analysis
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