On Friday, major U.S. stock indexes closed higher across the board, snapping a two-day losing streak. The Dow rose 0.59%, the S&P 500 rose 0.48%, and the Nasdaq rose 0.01%. Most of the large technology stocks fell, Netflix fell by more than 2%, Google, Amazon and Microsoft fell by less than 1%; Apple and Meta rose, each with an increase of less than 1%. The S&P 500 ETF (513500) is booming, and the intraday trading continues to be at a premium. In the past 5 days, the net inflow of funds has continued, and the inflow has exceeded 180 million yuan.

 

The World Cup in Qatar officially started yesterday night, and the event will last until December 18. It is expected that this World Cup will attract 5 billion viewers, making it the most watched sporting event in history. For US stock investors, the sports betting industry may be the most affected by the World Cup. Sports betting officials believe the World Cup could be an opportunity for smaller U.S. bookmakers with foreign roots to showcase a deeper betting market to U.S. customers.

 

The Soochow Securities Research Report pointed out that the recent rebound in U.S. stocks is mainly based on the slowdown in CPI growth and expectations for a shift in market sentiment. On the one hand, due to the peaking trend of the U.S. economic data, the market generally expects that relevant U.S. departments will end interest rate hikes and enter a cycle of interest rate cuts in May 2023. The loose monetary policy will play a role in repairing the valuation that has fallen significantly this year. . At the same time, market sentiment is expected to bottom out. Judging from historical experience, the bottoming out of US stock investor sentiment in 1990, 2003, 2009, and 2020 was accompanied by high returns within 6 months.