US Stock Market Review 15 - 19 Apr 2024
DJI -0.08%, SP500 -3.05%, NASDAQ -5.52%. Market experienced selloff from mainly tech stocks, with NVDA fell more than 10% on last Friday, expect to see more volatility ahead on big tech earnings
Four of the Magnificent Seven group of tech giants will report this week: TSLA, META, MSFT GOOGL
Event to watch: 23 Apr S&P PMI & New Home Sales, 24 Apr Durable Goods Orders, 25 Apr GDP QoQ & initial jobless Claims, 26 Apr Core PCE Pri...

US stocks continued to be under pressure this week. The NASDAQ index fell more than 1%, falling for four consecutive days, and the S&P 500 index was not spared. Both fell to their lowest point in nearly two months. Among technology stocks, Google showed outstanding performance, rising against the market, while chip stocks generally suffered setbacks. Nvidia and Asmack fell by nearly 4% and 7%, respectively. Meanwhile, United Airlines surged 17% after its earnings report was released. In the European stock market, the technology sector fell by more than 3%. Despite this, LVMH and Adidas rose nearly 3% and 9% respectively after the earnings report, showing the strong performance of some individual stocks.
In terms of monetary policy, the New York Federal Reserve suggests that the Federal Reserve may stop reducing its balance sheet next year, and the scale is expected to shrink to 6 to 6.5 trillion US dollars. Furthermore, the Federal Reserve's latest Beige Book shows that although inflation is moderating, consumers are still very sensitive to prices. In the US bond market, 20-year bond auctions attracted strong demand, yet bid interest rates were close to the highest level in history. The 10-year US Treasury yield fell significantly from a five-month high, and the US dollar index stopped rising for five consecutive days.
In the commodity market, crude oil prices plummeted by more than 3%, the biggest one-day decline in three months. At the same time, gold also fell from a record high for four consecutive days. In terms of metal prices, the prices of copper and lentine have shown some elasticity, and both have rebounded.
In the Chinese market, despite global market turmoil, the China Securities Index fell for the third day in a row, but Xiaopeng Motors bucked the trend and rose nearly 4%. The offshore renminbi appreciated significantly, exceeding 200 points, reaching a one-week high. China A...

Remember, our job as investors is pretty simple – protect our investment capital from short-term destruction so we can play the long-term investment game. Here are our thoughts on this.
• Capital preservation is always the primary objective. If you lose your capital, you are out of the game.
• Seek a rate of return sufficient to keep pace with the inflation rate. Don’t focus on beating the market.
•Keep expectations based on realistic objectives.  (The market does not compound at 8%, 6% or 4%)
•...