Today, the three major stock indexes closed higher. Among them, the NASDAQ rose 2.2% and the semiconductor sector surged 3.54%.
After experiencing a major pullback last week, the semiconductor sector opened high and continued to rise, benefiting from the release of new AI products by Nvidia and AMD at the CES Electronics Show. Nvidia is finally standing above 500. Technically, there is basically no resistance from Nvidia above this price; the only short-term resistance is around 550. Nvidia's equivalent PE was only about 25 times in 24, and the valuation is quite low. I can only say that the rise has just begun. Congratulations to the friends who own Nvidia.
The release of CPI PPI data will begin on 1.11. The CPI is expected to increase by 3.3% year on year and 0.2% month on month. Core CPI was 3.8% YoY and 0.3% YoY. If the month-on-month growth rate can be maintained at 0.2% each month, then by the end of the year, inflation can be reduced to less than 2.5%. However, core inflation is still around 0.3%. Combined with the Red Sea crisis, PPI and inflation may cause a slight rebound in PPI and inflation. In any case, the January inflation data will not be affected by the Red Sea.
This year's investment is definitely much simpler than last year. After all, last year was still in the interest rate hike cycle, and the bankruptcy of the Bank of Silicon Valley also brought a lot of panic to the market. This year's interest rate hike cycle is over; basically, it's enough to look at an inflation indicator. Currently, the key factor determining the trend of US stocks is inflation. The article published in early December also analyzed it. We need to remember that the Federal Reserve raised interest rates in the first place...