Last night, European and American stock markets plummeted. U.S. stocks opened low and fell. The Nasdaq fell 3.64%, the S&P fell more than 2%, and the Dow fell 1.25%. There are two main reasons.
The first reason is that it is the earnings season for U.S. stocks, and the performance of large technology stocks has not met expectations. For example, Tesla released its second-quarter earnings report after the market yesterday; the company's second-quarter revenue was higher than expected, but its profit was lower than expected, and it did not disclose details about autonomous driving. Last night, Tesla fell more than 12%, the largest single-day drop since September 2020; Alphabet's earnings report showed that capital expenditures were too high. The company's stock price fell by more than 5%. Investors realized that the returns of AI will take time to realize, and the earnings of related companies will be damaged by spending in the short term, so AI and chip concepts have also been sold off.
The second reason may be that there is uncertainty in the U.S. election again.
The latest Reuters/Ipsos poll shows that Harris' current approval rating is actually ahead of Trump by a narrow margin of two percentage points. In contrast, before Biden withdrew from the campaign, Harris was two percentage points behind Trump in last week's poll.
What foreign stock markets dislike most is uncertainty. We also talked about it in the circle during the election that year. When the two sides are evenly matched, the US stock market is easy to fall because the policy is uncertain, but after the results are announced, no matter who wins, the US stock market will rise.
I find it strange about the polls. Trump has become the "chosen one" in the eyes of the American people after the shooting, but after Biden withdrew from the election, how can Harris's polls still lead Art?
In fact, the US polls are not so accurate. When Art and Hillary competed, the polls also favored Hillary, but in the final election, many states turned to Trump. We have said before that there has never been a successor in the history of the United States who has successfully counterattacked after withdrawing from the election. From the probability point of view, Trump is still leading.
At a time when European and American stock markets have fallen sharply, the Nikkei is not much better today, and the estimated decline is not small. This is good news for us who stopped profit two weeks ago, and we can invest again immediately
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