Public Holidays There will be no public holidays in Singapore, Hong Kong, or China in the coming week. America celebrates Thanksgiving from 28 Nov 2024 and here is wishing all a blessed Thanksgiving. Economic Calendar (25Nov24) Notable Highlights The most watched news in the coming week is the Core PCE Price Index - the main reference used by the Federal Reserve to reference inflation in the US economy. A lower figure can rally a bullish market that is hoping for more rate cuts. There will be an update on America’s GDP (Q3) estimated at 2.8%. China’s Manufacturing PMI will be announced in the coming week. The last reading was 50.1, which represents growth in the sector. China is one of the global factories and if the manufacture continues to expand, this implies th
S&P Target 6500? Is It Safe to Invest at High Levels?
With $.SPX(.SPX)$ recently surpassing the 6,000 point, major institutions have expressed optimism about the U.S. stock market's outlook for next year: Morgan Stanley: Set a base-case year-end 2025 target for the S&P 500 at 6,350 points, with a bullish scenario target of 7,400 points. ---------- Will you still invest in US stocks despite of high valuations and low risk premium? Can $.SPX(.SPX)$ hit 6500 as analysts suggest?
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