US stocks continue to fall, and the chief analyst of Bank of America Securities believes that the so-called "US stock sector rotation is actually selling for risk aversion" and is optimistic about the bond market! The crypto market rises against the wind!
About an hour after the U.S. stock market opened, let's take a look at the international financial market situation tonight:
1. The four major U.S. stock indexes fell across the board, with the Nasdaq, S&P, Dow Jones, and Russell indexes falling to varying degrees.
2. Among the seven major technology giants, Google, Apple, Amazon, and Mate rose slightly, Tesla led the decline, followed by Nvidia.
3. After rebounding to 104, the US dollar expenditure remained stable and fluctuated, currently at 104.32. The 10-year US Treasury yield rose by 4 basis points and then fell slightly, currently remaining at 4.239%.
4. After reaching a historical high during the international golden week, the currency fell sharply and continuously, with a daily decline of 1.78% and a current price of US$2,401.
5. The crypto market rose against the trend amid the collective decline of U.S. stocks. It has currently broken through the MA120 position in the short term and stabilized. Another challenge for the rise is the weekly line - around 65,500.
6. Yesterday, the U.S. stock ETFs received a single-day inflow of 45 billion, setting the fourth largest single-day inflow in history. Among them, small ETFs received an inflow of 9.9 billion, setting the second largest single-day inflow in history.
7. Michael Hartnett, chief analyst at Bank of America, expects that the U.S. stock market will experience a correction rather than a bear market when the interest rate cut begins. At the same time, the market's expectations for Trump's speech are not a capital flow from large stocks to small stocks as it appears on the surface. Judging from yesterday's ETF situation, it seems more like choosing to sell a large number of stocks.
Because Hart believes that Trump's economic policies in the first 12 months after taking office will be more about the increase in tariffs, which may not bring about the inflation everyone expects, but deflation. At the same time, he is optimistic about the future bond market.
