What 阳光财经 Sunny said in this video:
- SPYbullishmid-termThe S&P 500 is being driven higher by mega-cap tech, passive ETF inflows, reasonable valuations versus the 10-year average, and Q4 earnings season; the index could push toward the 8,000 level in Q4.Source
- QQQbullishmid-termThe Nasdaq hit a new high of 27,544 today; tech stocks driving the index are the strongest bullish force and a key reason I am bullish on the broader market.Source
- GOOGLbullishAs one of the mega-cap tech star stocks, Alphabet is either at long-term support or making new highs and has a high probability of rising; the host holds it and it contributed to account profit.Source
- AMZNbullishAs one of the mega-cap tech star stocks, Amazon is either at long-term support or making new highs and has a high probability of rising.Source
- AAPLbullishAs one of the mega-cap tech star stocks, Apple is either at long-term support or making new highs and has a high probability of rising; however, a stronger dollar would create FX losses on its overseas earnings.Source
- Market BreadthneutralThe current S&P 500 rally is mainly driven by mega-cap tech, not a broad bull market across all stocks; leadership is narrow.Source
- Recession Riskpositive for stocksshort-termHistorically October tends to close higher, with smaller policy black-swan risk before midterms; a once-in-a-century crisis looks unlikely this October, and the month probably still rises.Source
- Bonds & Ratespositive for stocksAlthough a stronger dollar hurts multinationals' overseas earnings through FX losses, it attracts international capital to US stocks; netting the pros and cons, dollar appreciation is still overall bullish for US equities.Source