Crazy! Musk and Trump reconcile at the White House, Nvidia's earnings report + non-farm payrolls ignite the market tonight!
Family, please sit tight! The political and business circles + financial circles exploded overnight, Musk made a comeback to the White House to break the ice with Trump, the Federal Reserve is in chaos, Nvidia's earnings report + non-farm data are double bombs, the market is going to accelerate its heartbeat tonight!
The top dinner at the White House on Tuesday local time went completely wild! The Saudi crown prince, Cook, Huang Renxun, and Ronaldo all gathered together, Trump directly reached out to Musk to greet him, these are the two who tore their faces over the 'Big and Beautiful Act' half a year ago and declared they would build a third party! At the beginning of the year, Musk was still Trump's biggest financial backer, cutting the budget but causing Tesla to face boycotts, leaving the White House in May after a split, now the Republican Party is hard-pressing him to return, and the Tesla board is even tougher: a trillion-dollar compensation target achieved, let him play politics as he wishes! This wave of political and business cooperation is directly maxing out the energy!
Just as the reconciliation drama came to a close, the Federal Reserve's internal strife surged to the hot search! The vice chairman is calling for 'slow interest rate cuts', while officials like Bostic and Schmidt are directly pushing back: inflation is not resolved! The government shutdown has led to a break in economic data, and the Federal Reserve is blindly adopting a hawkish stance. If tonight's October meeting minutes are more hawkish, will the dollar take off?
There's more excitement to come! Nvidia's Q3 earnings report tonight will determine its fate! Over 80% of SP500 companies have excellent performance, but Nvidia's price-to-earnings ratio has soared to 22.4 times. However, Huang Renxun just stated: Blackwell chips have been delivered 13,000 units, and future demand will exceed supply! But if the earnings guidance is disappointing, the tech sector may collectively dive! Tomorrow's delayed September non-farm payrolls are even more critical, the first release after the government shutdown, expected to add only 50,000 jobs. If it turns out to be this bad, the expectations for interest rate cuts in December will explode, making it difficult for the dollar to rise!
Musk's return to the power table, the Federal Reserve's internal strife makes policy uncertain, and Nvidia + non-farm payrolls directly control the market's lifeblood! Who can win this tug-of-war? Do you think Musk's reconciliation will boost tech stocks? Can Nvidia's earnings report exceed expectations?