Financial Center / Reported by Li Mingrong
The US Federal Reserve (Fed) misjudged the situation last year and raised interest rates 17 yards from March to December of this year. The “violent rate hike” plunged the world into a severe inflation, turmoil in global financial markets and economic downturn. In this regard, Caixin Media chairman Xie Jinhe said that it is very difficult to predict the high point of Taiwan’s stock index next year, and also admitted that “investments will never have a standard answer.”
Xie Jinhe gave an example: Last year, I looked at various investment institutions that predicted TSMC’s share price during this period, and none of them were right. Around this time last year, the semiconductor industry was unprecedentedly prosperous and there was a shortage of automotive chips. The German Economy Minister came to ask for help. Industry representatives also said: AI and vehicles electricians are everywhere. Everyone thinks that the semiconductor industry is still scarce. Unexpectedly this year, the semiconductor industry has become a mess. The Philadelphia Semiconductor Index once fell 48.63% and the stock prices of TSMC, AMD and Nvidia have all been halved.
Xie Jinhe said that there will be many different forecasts on the market every year until the end of the year. Now, if you look back and compare them, the success rate isn’t that high. For example, Hong Kong investment banks predicted the Hang Seng Index last year, and none of them got it right, which is the most outrageous Deutsche sees 37,000, and the Hang Seng Index fell at 14,597 the worst. Last year, most people were optimistic about virtual currencies, everyone was optimistic about Bitcoin’s sharp rise, no one thought it would eventually drop more than 60%. Tesla’s Barron’s investment is expected to be $2,000, but Tesla is also among the top companies with the worst declines this year.
In the end, Xie Jinhe revealed that around this time last year, global stock markets had risen to their highest point, inflationary pressure was on the horizon, the Fed violently raised interest rates, the stock market is collapsed and the US dollar index has risen sharply All down, long-term indicators of the stock market are at a low level and the US dollar index is falling from its peak, perhaps the market is always born in the most pessimistic situation .
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