Global Macro
Before trading on Tuesday, the three major stock index futures fell together, and nasdaq futures fell 2.5%
Before the U.S. stock market, the cloud of possible war in Ukraine continued to plague the market, while U.S. Treasury yields rose again, and the three major U.S. stock index futures fell together. As of press time, Dow futures are down 1.06 percent, S&P 500 futures are down 1.82 percent, and NASDAQ futures are down 2.46 percent.
Big tech stocks fell, with Tesla down nearly 3 percent, Nvidia down more than 4 percent, Apple down more than 2 percent, Microsoft down 1.5 percent and Asmay down 6 percent.
Western countries are pushing ahead with diplomatic efforts to defuse tensions around Ukraine
Despite the ongoing negotiations, the United States appears ready to deal with the outcome of the failed talks, as it has deployed some soldiers on alert to move quickly in the event of an escalation in Russia and Ukraine. The leaders of France and Germany are scheduled to meet in Berlin later today to discuss the situation.
U.S. stock bears turned over! It has made more than $100 billion in profits this year, with shorting Tesla and Netflix making the most money
With the bloodbath of the US stock market, the bears reaped huge profits. According to financial analysis firm S3 Partners, short sellers had made $114 billion in January profits by market capitalization as of Friday's close.
The most profitable short bet this year was to go short Tesla, where shares fell nearly 12 percent. As of Friday, Tesla bears had made a profit of $2.3 billion (by market capitalization). Shorting Netflix is also particularly profitable, with the company's stock falling 35 percent this year, with short sellers earning $1.6 billion.
Don't expect the Fed to always bail out! Big bear Chanos warned that relying on central banks is not a long-term investment strategy
Big bear Jim Chanos said it was "reckless" for investors to think that the Fed would always bail out the stock market when it plummeted. "The idea that the Fed will protect the markets, and the idea that the Fed will always be there to save me from my wrong investment decisions, is not a persuasive investment strategy that can be sustained over the long term," Chanos said.
Escape Wave coming? Analysts said the NASDAQ may rebound from oversold and investors should take the opportunity to reduce their holdings
Katie Stockton, a technical analyst at Fairlead Strategies, said that after a rapid decline of 15%, the NASDAQ is expected to have an oversold rally in the near future, but investors should not buy stocks, but should use the rally to sell stocks and reduce risk exposure. All of this suggests that the stock market trading environment in 2022 will be more volatile, similar to that of 2018, Stockton said.
China's luxury consumption reached 471 billion yuan in 2021, up 36% year-on-year
On January 20, bain & company released the "2021 China Luxury Market Report", which said that China is expected to become the world's largest luxury market in 2025. In 2021, the size of China's personal luxury goods market will double from 2019, and it is expected to increase by 36% year-on-year in 2021 to nearly US$73.6 billion (about 471 billion yuan).
Hot news
U.S. Airlines shares fell before market, American Airlines fell more than 2%
U.S. airline stocks fell before the market, with United Continental Airlines and American Airlines falling more than 2 percent and Delta Air Lines down more than 1 percent. Bellenberg lowered its price target for the U.S. aviation sector, including lowering United's price target from $50 to $45, Southwest from $70 to $62, and American from $19 to $14.85.
Moody's upgraded Tesla's debt rating to increase car deliveries to 1.4 million in 2022
On Monday, Moody's will be $Tesla (TSLA. US)$ debt rating was upgraded two notches from "Ba3" to "Ba1", reflecting the rating agency's bullish outlook for Tesla and its expectations to continue to maintain its leading position in the pure electric vehicle track. Moody's said Tesla's fiscal policy is likely to be prudent and liquidity will remain good. Moody's expects Tesla's free cash flow to increase significantly in 2022, compared to an estimate of $3.1 billion in 2021.
Moody's also expects Tesla to deliver nearly 1.4 million vehicles by 2022, up from about 936,000 in 2021.
IBM's fourth-quarter net profit surged 72% year-over-year
The earnings report shows that $IBM Corp (IBM. US) $Fourth-quarter revenue was $16.7 billion, better than analysts' expectations of $15.96 billion. Fourth-quarter revenue increased 6% year-over-year, the fastest revenue growth since the third quarter of 2011. Fourth-quarter net income was $2,332 million, up 72% year-over-year, and diluted earnings per share were $2.57 compared to $1.51 for the year-ago quarter.
Nvidia proposed to give up $40 billion to buy ARM, falling more than 4% before market hours
With little progress on obtaining approval, $NVDA .P. US) $ is ready to give up on the $40 billion acquisition of British chip design company ARM. Nvidia has informed partners that it does not expect the deal to be completed, the source said.
Another source revealed that SoftBank is stepping up preparations for ARM's initial public offering as an alternative to the Nvidia acquisition.
AT one point, GE fell more than 7%
American Express Q4 revenue exceeded expectations
Unilever will lay off 15 percent of senior executive positions, speed up decision-making and restructure the business
According to foreign media, consumer goods giant $Unilever (UK) (UL. US) $ plans to cut 15% of senior management positions to speed up decision-making. Unilever said on Tuesday it would cut 1,500 jobs while cutting 5 percent of its junior management workforce.
Ericsson rose more than 6 percent ahead of market hours and net profit in the fourth quarter rose 41 percent year-on-year to SEK 10.1 billion
Credit Suisse fell 3 percent in pre-market hours, with a litigation reserve of CHF 500 million or significantly impacting the Q4 quarter
Focus on Chinese stocks
Most of the popular Chinese stocks fell before the market
Before the market on Tuesday, most of the popular Chinese stocks fell, of which Bilibili, Weilai and Xiaopeng Automobile fell more than 3%, and Alibaba, Baidu, JD.com and Pinduoduo fell nearly 2%.
Manbang's fourth-quarter GTVs reached 69.5 billion yuan, up 22.1% year-on-year
NetEase joined hands with Zhejiang Media Institute to strengthen cooperation in frontier fields such as Meta-Universe
From $ NetEase (NTES. US) $ learned that NetEase signed a strategic cooperation framework agreement with Zhejiang Media College to jointly establish "Zhejiang Media College NetEase Industry College". Starting from the needs of national cultural and technological development, the two sides will strengthen cooperation in the frontier fields of digital economy such as digital culture, artificial intelligence and meta-universe, jointly break through the "no man's land", and overcome the technical problems of "card neck" in industrial development.
TOP20 pre-market turnover of US stocks
U.S. Macro Chronicle Reminder:
22:00 U.S. Unseasonal House Price Index for November 20 largest cities (18.0% forecast, previous 18.4%)
23:00 U.S. Jan Consultative Council Consumer Confidence Index (Forecast 111.8, Previous 115.8)
Until Jan. 26, the U.S. Federal Open Market Committee (FOMC) began a two-day interest rate meeting
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