① As of press time, Dow Jones futures rose 0.23%, S&P 500 futures rose 0.32%, and Nasdaq futures rose 0.33%.
② As of press time, Tesla's stock price has risen by over 4% in pre-market trading, reaching a new high in 2 and a half years. On the news front, Musk stated that Tesla is improving the design of the Optimus robot for mass production.
③ Several Wall Street banks have successively lowered their expectations for the Federal Reserve's 2025 interest rate cut. Based on the speeches of President Trump and Federal Reserve Chairman Powell, economists and strategists on Wall Street have lowered their expectations for the United States to cut interest rates next year. The banks that have recently adjusted their forecasts include Barclays Bank and TD Bank. Both companies' teams have mentioned that the Trump administration may impose stricter restrictions on immigration and increase import tariffs. They stated that these policies may stimulate inflation and alter the Federal Reserve's interest rate path.
④ Bitcoin breaks through $81000, setting a new historical high. Cryptocurrency concept stocks surged before trading, with Canaan Technology up over 15% and MARA Holdings up nearly 13%.
⑤ As of the end of the third quarter, Jinglin Asset Management held stocks of 35 companies in the US stock market, with a focus on buying Tencent Music, Alibaba, and ZTO Express. From the perspective of adjusting positions, Jinglin Asset Management reduced its holdings of many US technology stocks in the third quarter, such as Nvidia, Facebook parent company Meta, Microsoft and other stocks, and paid off its holdings of Tesla and Amazon. It is worth mentioning that Jinglin Asset Management focused on buying Chinese concept stocks such as Tencent Music, Alibaba, TAL Education, and ZTO Express in the third quarter, and continued to build a position in Apple.
⑥ Hedge funds short on Tesla have incurred losses exceeding $5 billion. According to data compiled by S3 Partners, from election day until the close of last Friday (November 8th), hedge funds holding short positions in Tesla have recorded losses of at least $5.2 billion.
⑦ With increasing interest in large tech stocks and leveraged funds, the size of US stocks held by Korean retail investors has surpassed $100 billion for the first time. According to data from the Korea Securities Depository and Clearing Corporation, as of November 7th, retail traders held a total of $101.4 billion worth of US stocks, an increase of 64% from the full year of last year.
⑧ Minneapolis Fed President Kashkari said on Sunday that as the Fed makes progress in curbing inflation, the US economy remains strong, but the Fed "has not yet completed its mission". Kashkari said, 'We need to get this job done. We hope to have confidence that inflation will fall all the way back to our 2% target.' Kashkari reiterated that there is a possibility of another interest rate cut in December.
⑨ Automobile manufacturer Stellantis announced that its Detroit auto parts factory will lay off 400 workers indefinitely. Currently, the company is reducing the costs of its North American operations. Stellantis said in a statement, "This year, the company is going through a transition period, with a focus on restructuring its US business to ensure a strong start in 2025
⑩ On Monday, November 11th, which is Veterans Day, US stocks will trade as usual, but US bond trading will be closed.
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