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These past two days are very critical; patience must be maintained.
Let's first look at the overnight performance of the US stock market. Last night was Christmas Eve, and the US stock market only traded for half a day, but the results were good— the S&P 500 index hit a new all-time high again. All three major US indices are trending upward, with the Dow Jones performing the strongest, up 0.6%; the Nasdaq up 0.2%; and the S&P 500 up 0.32%. It seems investors are still very enthusiastic about buying at the end of the year.
From an economic perspective, recent US data are indeed impressive. Especially, the third quarter GDP growth rate reached 4.3%, surpassing market expectations, which gave the stock market a strong boost. Coupled with the market's general expectation that the Federal Reserve will cut interest rates twice next year, this is a positive signal for global stock markets. In simple terms, the expectation of rate cuts will boost the valuation of risk assets.
The bubble theory of AI has long been abandoned, so technology stocks continue to lead the rally. Major component stocks like Apple, Microsoft, Netflix, Amazon, and Meta all rose slightly. Although Nvidia, Google, Tesla, and Intel experienced some pullbacks, overall, tech stocks are supporting the market. Interestingly, Nike surged 4% because Apple CEO Cook bought 50,000 shares. The actions of these big players can indeed move the market.
In the semiconductor sector, storage-related stocks performed particularly well. Micron Technology continued to hit new highs, rising another 4%, indicating that chip demand remains strong.
On the commodities side, oil prices rose slightly, gold fell by 0.3%, but silver performed well, rising 1% and hitting new all-time highs again. The global shortage of silver is already a given, but interestingly, this morning when monitoring A-shares, Guotou Silver LOF suddenly hit the limit down, which might be an opportunity.
Back to the crypto world, honestly, there’s nothing particularly worth analyzing right now. The best strategy is to stay out of the market and observe. In the next couple of days or next week, the market will give a clear direction, and then it’s just a matter of seizing the opportunity.
Staying on the sidelines and observing is the right approach. Right now, it's truly hard to see through; waiting for signals is the way to go.
The US stock market hit new highs again, but I always feel this rally is a bit虚, how long can the rate cut expectations support it?
Silver hit a new high, but the A-shares had a limit-down. The price difference is indeed outrageous; waiting for a good opportunity to buy.
Two rate cuts? Just listen to it; the actual direction is not certain yet.
The semiconductor sector has been really strong this wave. Micron rose another 4%, chip demand is still a necessity.
The crypto circle is now dead silent. It's better to wait patiently; there's no rush for the events of these two days.
Holding a vacant position and observing this wave, wait until the trend emerges before acting, no rush.
Silver hit the limit down? Pay attention to this, it might really be an opportunity.
Expectations of interest rate cuts are rising, now risk assets are about to soar.
The US stock market hit a new high again, when will our crypto circle also have a wave?
The overall atmosphere is still very intense, those reluctant to hold vacant positions are all trapped.
GDP at 4.3%, this data is a bit fierce, no wonder the stock market is so arrogant.
Now just wait and see how next week will break the deadlock, it's agonizing.