While Wall Street worries about the aggressive Federal Reserve, the CEOs of JP Morgan Chase and Goldman Sachs have simultaneously issued pessimistic economic warnings.
Dow JonesClosed above 350 points, the S&P fell more than 1.4%,That finger2% less,tax halfDown more than 2.3%, TSMC’s ADR was down more than 2.5%.
In terms of data, due to the weakening global economy and a strengthening US dollar, the US trade deficit widened to US$78.2 billion in October, a monthly increase of 5.4%, which is It was the second month in a row The market had originally estimated the trade deficit to be $80 billion.
In terms of politics and economics, JPMorgan Chase CEO Jamie Dimon warned on Tuesday that inflation is likely to push the US economy into a recession next year, with a 35% chance of a soft landing. Goldman Sachs Group CEO Su Dewei (David Solomon) also warned that the US economy could enter a recession next year.
United States 2 years with 10-year US Treasury yieldThe curve inversion intensified and the alarm bells of the bond market recession continued to ring in the sky. From tech giants to consumer companies, US companies are downsizing in response to a potential recession, including Intel, Goldman Sachs, Bank of America, Morgan Stanley and BuzzFeed on Tuesday.
Wall Street Journal (WSJ) reporter Nick Timiraos, known as the Fed’s bullhorn, wrote an article on Monday in which Fed officials clearly hinted that they intend to raise interest rates by 2 yards (50 basis points) on next week, but as wage pressures remain high, the top interest rate in the US next year could rise to more than 5% to curb high inflation.
The Bank for International Settlements (BIS) stressed in its latest quarterly report released on Tuesday that economies around the world have built up huge debts in recent years, posing challenges for central banks to deal with inflation.
The global novel coronavirus pneumonia (COVID-19) epidemic continues to spread. Ahead of the deadline, data from Johns Hopkins University (Johns Hopkins University) showed that the number of confirmed cases worldwide has exceeded 645 million, and the number of deaths exceeded 6.64 million. More than 12.7 billion doses of vaccines have been administered in 184 countries around the world.
The performance of the four major US stock indexes on Tuesday (6):
Focus on the actions
The five kings of science and technology are led by Meta to kill. Half (META-USA) dropped by 6.79%; Apple (AAPL-USA) down 2.54%; Alphabet (GOOGL-USA) down 2.51%; Microsoft (MSFT-USA) down 2.03%; Amazon (AMZN-USA) down 3.03%.
Dow JonesMore than half of the constituent shares closed in the black. disney (DIS-US) down 3.79%; boeing (BA-USA) fell 3.6%; Chevron (CVX-USA) down 2.58%; Goldman Sachs (GS-USA) down 2.32%; UnitedHealth (UNH-US) increased by 0.8%.
tax halfThe constituent shares fell into a sea of blood. Nvidia (NVDA-USA) down 3.75%; Applied Materials (AMAT US) fell 1.62%; Texas Instruments (TXN-USA) down by 1.72%; microns (MU-US) down 0.67%; intel (INTC-US) down 1.95%; Qualcomm (QCOM-USA) down 2.85%; AMD (AMD-USA) down 4.55%.
All Taiwan stock ADRs declined. TSMC ADR (TSM-USA) fell 2.52%; ASE ADR (ASX-USA) fell 1.04%; UMC ADR (UMC-USA) fell 2.58%; Chunghwa Telecom ADR (US CHT) fell 0.19%.
Company news
Leading wafer foundry TSMC announced on Tuesday that the Arizona wafer plant in the United States has begun construction on the second phase of the project, which is expected to begin production of the 3-nanometer process technology in 2026. One of the largest foreign manufacturers cases of direct investment.
TSMC ADR (TSM-USA) fell 2.52% to US dollars 79.56 per share, at a discount or premium of 1.98% and a conversion price of 487.46 yuan. Previously, foreign media reported that TSMC sent a letter to Washington in November, mentioning six major pain points, including the high cost of building the Arizona factory, labor shortages and difficulty complying with regulations. US federal.
apple (AAPL-USA) shares fell 2.54% to $142.91 a share. Apple CEO Tim Cook (Tim Cook) confirmed at TSMC’s “onboard ceremony” at TSMC’s new plant on Tuesday that Apple will purchase chips manufactured at TSMC’s Arizona factory.
intel (INTC-US) fell 1.95% to $28.60 per share. Intel CEO Pat Gelsinger is scheduled to meet with Acer, ASUS and other OEM factory executives in Taiwan on Tuesday and Wednesday and has no scheduled meetings with TSMC executives. Meanwhile, Intel confirmed on Tuesday that the company has begun layoffs and laid-off workers.
buzzfeed (BZFD-USA) fell 6.14% to $1.07 per share. BuzzFeed CEO Jonah Peretti said the company announced a 12% layoff to cut costs amid tough overall economic conditions.
Morgan Stanley (MS-USA) fell 2.56% to $87.51 per share. Morgan Stanley has cut about 2 percent of its global workforce, or about 1,600 jobs, sources familiar with the matter said Tuesday, following the layoffs of Goldman Sachs Group Inc and Citigroup Inc.
Microsoft (MSFT-USA) closed up 2.03% at $245.12 per share. Citing sources, The Information reported on Tuesday that Microsoft recently considered developing a “super app” that could include shopping, messaging, news and web search services.
boeing (BA-USA) fell 3.60% to $178.43 per share. Rival Airbus announced on Tuesday that due to supply chain disruptions, the company delivered just 68 commercial planes in November and would drop its goal of delivering 700 planes for the full year, but it shouldn’t be significantly lower than this estimate. .
Wall Street analysis
Jonathan Krinsky, chief strategist at BTIG, pointed out that after the S&P fell 1.79% on Monday, it happened to coincide with the moving average at 200. From a technical analysis perspective, US stocks are about to usher in a sharp decline.
Dan Niles, founder and senior portfolio manager at hedge fund The Satori Fund, predicts there will be one last wave of rebound in US stocks between now and Christmas, but after Christmas, companies will release unexpected negative news and trigger a new wave of selling . It will retest and break new lows in 2023.
The numbers are all updated before the deadline, please refer to the actual quotation
