Overnight, there was an adjustment in Europe and the United States as scheduled, and the three major U.S. stock indexes across the board**, but this kind of ** may only be the beginning, and some important events this week may have a short-term disturbance to U.S. stocks! Angkor has reduced its position in batches in the past two days, and today due to the beginning of the adjustment of U.S. stocks, it will no longer continue to reduce its position, but will increase its position in some directions that have adjusted more!
Nvidia continues to hit new all-time highs with a fairly strong trend, but as it has been said before, not fully ** could mean a certain amount of risk. Tesla has a relatively large **, including Wei Xiaoli.
It is worth noting that ** has risen sharply, **up more than 1%, standing at $2,100, Bitcoin has been sharply**!
1. U.S. stock related information
The three major U.S. stock indexes closed slightly lower, with investors remaining cautious ahead of blockbuster economic data and Fed Chair Jerome Powell's congressional speech.
On Wednesday and Thursday, Powell will go to the House of Representatives for hearings, during which there will inevitably be more comments about interest rate cuts, and the market expects his speech to be relatively cautious, which may have a negative impact on **.
In addition, this Wednesday will be released small non-farm payrolls, Friday will be released non-farm data, both of which will have a significant impact on when to cut interest rates next, if the data is not ideal, there will also be disturbances.
As investors continued to bet on demand for artificial intelligence (AI) products, chip stocks, including Nvidia, helped the S&P 500 hit new intraday highs, but the new highs fell quickly in late trading.
Judging from the large ** of Nvidia, Intel, Supermicro Computer, etc., investors' sentiment towards AI is still high, but when it is close to madness, we need to pay attention to risks!
Bank of America Global Research has raised its end-2024 target for the S&P 500 from 5,000 to 5,400, which is 5% from current levels. "The bull market ended with optimism, but we're not there yet. Market sentiment has improved, but there are limited areas of euphoria.
Atlanta Fed President Bostic said on Monday that the Fed is under no pressure to cut interest rates urgently, given the "boom" in the U.S. economy and job market. And the Fed has to tread carefully to ensure that the current strong economy does not turn into a "bubble" and a new round of inflation.
There are all kinds of signs that there will be a continuous correction in the US stock market this week, and if this is the case, we will add back the ** that we have previously lost to win better returns! Because the medium and long-term upward trend of U.S. stocks has not changed!
It is worth noting that Bitcoin has seen a large **! Bitcoin-related concept stocks soared!
Second, the overall performance of Europe and the United States
As of **, the Dow fell 9755 points, a decrease of 025% at 3898983 points; The Nasdaq fell 6743 points, a decrease of 041% at 1620751 points; The S&P 500 fell 613 points, a decrease of 012% at 513095 points.
Judging from the trend, the performance of the Nasdaq is as expected, and after the completion of the new high, it has started an obvious **, and then we will continue to pay attention to the strength of **.
There is a strong adjustment, at least to the 5-day line!
The three major European ** were mixed, and the British FTSE **055%, German DAX index **011%, French CAC index **028%！
3. The performance of U.S. stocks
Popular technology stocks were mixed, with Intel up more than 4%, Apple and Google falling more than 2%, and Microsoft falling 014%, Meta fell 082%, Amazon fell 036%。
Tesla plunged more than 7 percent after the company saw a decline in sales in China in February and face increasing competition in the country. Tesla sold 60,365 vehicles in China in February, down 19% year-on-year and the lowest level since December 2022, according to data released by the China Passenger Car Association.
Nvidia**36%, with a market capitalization of 2At $13 trillion, it surpassed Saudi Aramco to become the third largest company in the world, behind the two major tech giants Microsoft and Apple.
Popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 397%。Li Auto fell more than 13%, Weibo fell more than 9%, Xiaopeng Motors fell more than 8%, Weilai, Vipshop fell more than 7%, JD.com, iQiyi fell more than 4%, Pinduoduo, Alibaba, fell more than 3%, Tencent** fell more than 2%, NetEase fell more than 1%, and Full Bang was small**. Bilibili rose more than 3%, and Futu Holdings was slightly **.
4. Exchange Rates and Commodities**
The U.S. dollar index fell slightly, and the RMB exchange rate fell to 721！
Gold prices rose 1 again53%, standing firm at $2,100, Angkor mentioned in the live broadcast yesterday that if the price of gold rushes to 2,100, it will be chased!
* There is a fallback!
Most of the industrial metals **, it seems that the performance of resource stocks is getting stronger, which is worth paying attention to!
5. Research and judgment on the trend of Hong Kong stocks and A-shares
1. FTSE A50 fell 024%, the Hang Seng Index** fell 111%, based on the heavy decline of Chinese concept stocks, the performance of the Hang Seng Index and the Hang Seng Technology Index today is not optimistic. It is expected that there will be a significant decline, we can continue to wait, if it continues to fall, there will be a good opportunity to increase positions!
2. In terms of A-shares, the Shanghai Composite Index is expected to remain strong**, here Angkor's view is very clear, although the Shanghai Composite rushed past 3035 yesterday, but the strength is average, so it is possible to pull back to the 3000-3035 range today**.
The more fully the adjustment of A-shares, the more powerful the follow-up will be, so we are still cautiously optimistic at present!
The specific strategy, we will make a decision depending on the changes in the world!
3. In terms of U.S. stocks, we will consider adding positions in some directions with more adjustments, and the focus is still on U.S. stocks!
The above is for reference! Analysis
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