To The Moon

Overnight, affected by the news that the 3B bill will still be passed in Congress as planned, the three major US stock indexes rebounded collectively.

"I still think it is possible to pass the Build Back a Better Future plan," Biden told reporters at the White House. He noted that Goldman Sachs lowered its forecast for U.S. economic growth in 2022 after Manchin announced his opposition to the plan on Sunday. Biden once again called this legislation a means to curb rising inflation. "Everything in this bill will reduce the prices and costs that the middle class and the working class bear," he said. "Me and Senator Manchin will make a difference."

​​Before the North American market, the annualized quarterly rate of GDP in the third quarter announced by the United States was 2.3%, which was higher than the expected 2.1%. Meanwhile, the quarterly rate of PCE in the third quarter was 5.3% annualized, while that of core PEC was 4.6%.

However, after the data was released, the whole financial market... hardly reacted, whether it was the US dollar index or gold, silver and crude oil.

There is no doubt that high inflation has become the main "excuse" for the Federal Reserve to speed up debt reduction and even to speed up interest rate hikes. In November, the CPI of the United States and Britain has reached 6.8% and 5.1%, setting 40-year highs and 10-year highs respectively. A recent study shows that more than half of the 59 economies, which account for 96% of the global economy, are now mired in inflation of more than 4%.There are increasing signs that this round of inflation is not a short-term phenomenon.

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During the day, the volume of the A share market was 1,062.4 billion, among which， the film and television animation, Chinese medicine, internet, animal husbandry and fishery and rubber industries were among the top gainers, while automobile services, real estate, heavy machinery and metal products were in adjustment. The comparison between the ups and downs of the markete is 2093 compared with 2002, and the market performance is very stable.

From a macro perspective, what will we do next year? What can we expect from the A50？Ning Jizhe, deputy director of the National Development and Reform Commission, also gave us some clear clues.

I believes that if there is no accident, the RRR cut and interest rate cut we saw in December will probably be staged again in the first quarter of next year, and stabilizing the economy has become the main tone in 2022. Or to put it another way, over the years, we have once again emphasized "taking economic construction as the center". The subtext of this sentence is,If other problems conflict with economic construction, priority should be given to solving economic construction problems.

If it repeats itself,  That must be a big plus for the A50

$China A50 Index - main 2112(CNmain)$   $E-mini Nasdaq 100 - main 2203(NQmain)$   $E-mini S&P 500 - main 2203(ESmain)$   $Light Crude Oil - main 2202(CLmain)$   $Gold - main 2202(GCmain)$