Market Summary 14th November 2023
The latest Consumer Price Index (CPI) report showed that prices aren't rising as much as people thought they would. This news really excited the stock market, especially for certain types of stocks. These include stocks that do well when interest rates are low (like many tech and innovative companies) and stocks that a lot of investors were betting against.
The market had a very strong day with lots of people buying and selling. The $NASDAQ(NASDAQ.US$ showed a big improvement, going from having more stocks at their lowest to having 70 more stocks at their highest. Over 200 stocks are now close to their highest prices in a year, which is great because any more good news could push them even higher.
Also, the $iShares Russell 2000 ETF(IWM.US$, which tracks smaller companies, jumped over 5%! This shows that it's not just the big tech companies doing well; smaller companies are starting to catch up.
Now, the key is for the market to keep these gains. If it does, it suggests that we're entering a new phase where the market's strength isn't immediately sold off. It's like the market is looking ahead and seeing an end to high inflation. While I'm optimistic, I'm still being cautious. It's like seeing a light at the end of a tunnel – it could be the end, or it could be a train coming, so it's best to stay prepared.
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搞经济 抄底 加仓 : Luckily all US indexes are up 14Nov. if it gose the other way, I guess SEA would had gone -30% or more
Nigel Chong 庄证评OP 搞经济 抄底 加仓: i agree. The drop in SE is crazy