Global macro
US non-farm employment data in October was higher than expected. The three major stock index futures plunged and then rose straight after
As of press time, Dow futures futures rose 0.52%, S&P 500 index futures rose 0.71%, and Nasdaq futures rose 0.77%.
The number of non-farm employment in the United States increased by 261,000 in October, an expected increase of 200,000, and the previous value increased by 263,000. Fed swap pricing for June 2023 peak policy interest rate is 5.25%. The U.S. unemployment rate in October was 3.7%, slightly surpassing expectations of 3.6%.
Federal "Eagle Voice" continues to linger Wall Street : 2-year US bond yield hits a 15-year high!
A day after the Federal Reserve’s resolution on Thursday, the risk appetite sentiment in the financial market not only seemed to have not improved, but became more anxious: the overnight 2-year U.S. Treasury yield hit a 15-year high in one fell swoop, while the three major U.S. stock indexes closed down all the way, and Federal Reserve Chairman Powell’s “Eagle Wild” continues to shroud Wall Street. Market data shows that U.S. Treasury yields generally rose on Thursday for each term. Among them, the 2-year U.S. Treasury yield, which is particularly sensitive to the monetary policy, rose 9.7 basis points to 4.731% in the late trading, and once rose above 4.74% during the session, the highest since 2007.
Recession risk is extremely high! "New Debt King" Gundlack: The Federal Reserve may end early hikes in rate hikes in
Federal Reserve Chairman Powell mentioned on Wednesday that he expects further rate hikes and hinted that interest rates may peak above 5%. However, Gundamlake, CEO of the two-tier capital and "new debt king", said in an interview, "I don't think they can do this. There are already too many signs of economic weakness." Jeffrey Gundamlake predicted Thursday that the Federal Reserve will end the rate hike early and warned that the possibility of an economic recession is likely to reach 60% in the next six to eight months, and the possibility of a recession will reach 80% next year. He added that the Fed may only raise interest rates twice, a total of 75 basis points, and stop hikes at 4.5%.
Hedge Fund Big Boss: Global hyperinflation is coming, which may trigger the worst financial crisis since World War II
Elliott Management, one of the world's largest and most influential hedge funds, warned recently that the global economy of is heading towards "malicious inflation", which may trigger the worst financial crisis since World War II. According to media statistics, the global stock market market value has dropped by $28 trillion this year, and bonds have also plummeted, leaving investors almost "desperate". The company mainly blames the deterioration of the financial situation on Fed policymakers, saying they misidentified the cause of high inflation, implying to blame supply chain disruptions on price pressure rather than 's loose monetary policy . The upcoming hyperinflation could lead to “global social collapse and domestic or international conflicts.”
Don’t learn from the British! US Congress members wrote to the Federal Reserve: Don’t use bond purchases to solve the bond market problem
If the US bond market also experiences turmoil similar to the UK market this fall, will the Federal Reserve be forced to buy bonds like the Bank of England to save the market ? A senior Republican senator wrote to the Federal Reserve on Thursday and warned that the Federal Reserve should not follow the Bank of England's actions if the U.S. Treasury market begins to turmoil. He wrote that if the Fed does think that market conditions need to restart buying bonds, thereby expanding the balance sheet of central bank , such actions will undermine the Fed's main goal of fighting inflation, which is continuing to pose a major challenge to the U.S. economy.
Many states in the United States use gold and silver as legal currencies, and gold standard makes a comeback?
With the continued high inflation and aggressive interest rate hikes by the Federal Reserve, the US debt market may be detonated. People are beginning to doubt whether the US dollar can continue to serve as a long-term wealth storage function, and more and more people are turning their attention to the gold market. The latest data released by the US Mint shows that in the first 10 months of this year, Americans purchased a total of 970,000 ounces of American Eagle gold coins. This year, it exceeded the sales of 844,000 ounces in 2020 in just 10 months. American Eagle Coin is minted by the US Mint. A total of precious metal Eagle Coins are issued, namely gold, silver and platinum. At present, more than a dozen states that have officially recognized gold and silver coins as legal tenders in the United States or are being legislated include Utah , Wyoming and other states.
Next week, US stocks enter winter time, open close delayed by one hour
1 November 7 (next Monday), as the United States enters winter time, the trading time of the U.S. financial market will be delayed by one hour compared to daylight saving time . The trading time of
is adjusted as follows: the continuous trading time of
US stocks is adjusted to 22:30-05:00 (Beijing time); the pre-market trading is 17:00-22:30 (Beijing time); the post-market trading is 05:00-09:00 (Beijing time); the Beijing time corresponding to the U.S. futures trading will be delayed by 1 hour overall.
Hot News
Tesla is no longer good? California's market share declined again
The first factory of $TSLA (TSLA.US)$, the world's leading electric vehicle company, is located in California, USA, and California has always been a key market for Tesla. However, according to statistics, from January to September this year, Tesla's share of the California electric vehicle market fell again, only 73%, the lowest level since 2018. In 2021 and 2020, Tesla accounted for 75% and 79% of the market share of in California's electric vehicle , respectively.
Twitter was sued for Musk's layoffs plan
According to media reports, $Twitter (TWTR.US)$ was sued for Musk's plan to lay off 50% of his employees. Some company employees filed a class action lawsuit for in the federal court in San Francisco on Thursday. The employees said the company's layoffs without advance notice violated federal and California laws. According to the Federal Worker Adjustment and Retraining Act, businesses with more than 100 employees need to notify the massive layoff plan at least 60 days in advance.
lay off employees first and then reduce expenses? Musk wants to cut Twitter's infrastructure costs by $1 billion per year
After Musk took over $TWTR.US, he has started a drastic "throwing" plan, indicating that Musk vows to reverse the loss momentum of Twitter: on the one hand, Twitter's layoffs will be conducted this Friday; on the other hand, Musk allegedly also requires Twitter to save up to $1 billion in infrastructure costs each year. However, there are also concerns that Twitter may face the risk of server paralysis when major events occur after sharply cutting infrastructure costs.
Starbucks 's fourth-quarter sales hit a record high, and the Chinese market business rebounded significantly
$ Starbucks (SBUX.US)$ The latest financial report shows that in the three months ended October 2, the coffee giant achieved revenue of US$8.41 billion, and increased by about 3% year-on-year, higher than analysts' expectations. Adjusted earnings per share were 81 cents, higher than analysts' expectations of 72 cents. The company said its global same-store sales increased by 7% year-on-year, indicating strong demand for Starbucks coffee . In the key Chinese market, Starbucks said that although it is still adversely affected by the epidemic, its business performance in the fourth quarter has improved significantly from month-on-month. As of press time, the company's stock price rose 5.46% before the market trading.
BlockQ3 gross profit exceeded expectations, and its pre-market stock price rose nearly 12%
digital payment company $Block (SQ.US)$ released its third-quarter financial report, showing that due to the increase in business volume in industries such as retailers and restaurants, the company's gross profit in Q3 increased by 38% year-on-year to $1.57 billion, exceeding analysts' expectations of $1.52 billion. As of press time, Block's U.S. stocks rose nearly 12% before the market trading on Friday.
Sanofi and Beyfortus, a subsidiary of AstraZeneca , were approved in EU . The first widely used infant RSV vaccine
$ Sanofi Avant (SNY.US)$ and AstraZeneca (AZN.US)$ single dose passive immunization preparation Beyfortus has been approved by European Commission to protect babies from respiratory syncytial virus (RSV), a common infection that can cause death in young children.Beyfortus will be the first and only single dose passive immunization preparation that can be widely used in infant populations.
focus Chinese stocks
Popular Chinese stocks generally rose before the market
US stocks pre-market turnover TOP20
US stocks macro calendar reminder:
11 November 4
22:00 US New York Fed Global Supply Chain Pressure Index (GSCPI)
22:00 2022 FOMC Voting Committee and Boston Fed Chairman Collins delivered a speech on the economic and policy prospects.
11 November 5
01:00 Total number of oil drilling in the United States that week
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