The "Day of the Four Witches" is coming! Nasdaq turns up Chinese stocks pull up knowing that they are up more than 18%

The first "Four Witch days" in 2022 are approaching, the NASDAQ turns up, and the S&P 500 and Dow narrow. Chinese stocks continued to rise at the beginning of the session, with water droplets rising nearly 20%, Zhihu rising more than 18%, GDS and Tiger Securities rising more than 12%, iQiyi and Wuxin Technology rising more than 11%, and Bilibili up more than 8%. Anti-epidemic concept stocks rose collectively, with Moderna, Novaks Pharmaceuticals and BioNTech SE all rising more than 5%.

On the news side, the U.S. stock market tonight to meet the "Four Witches Day" test, Goldman Sachs data show that the "Four Witches Day" about 3.5 trillion US dollars of option derivatives are about to expire, U.S. stocks and derivatives prices or will fluctuate sharply. The "Four Witches Day" is the quarterly maturity date of financial derivatives of U.S. stocks, which occurs on the third Friday of March, June, September and December every year. On that day, stock index futures, stock index options, individual stock futures and individual stock options expire at the same time. During this period, due to investors' rush to close their positions, it usually leads to a sharp increase in trading volume, and the price of US stocks and derivatives fluctuates significantly.

Looking ahead, JPMorgan chase strategist Marko Kolanovic said in a research report that the plunge in technology, biotech and emerging market stocks may be nearing the end, and it's time to start adding to those high-beta stocks that have plummeted. After the Fed announced a rate hike, Kolanovic said that despite the current turbulent situation, sluggish market sentiment and low investor positions, it is believed that many risks have been digested. In addition, earlier this week he suggested selective allocation of Chinese stocks that have confirmed or better than expected performance in April or May.

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JPMorgan Chase: The pullback in bubble sectors such as technology stocks is nearing its end

JPMorgan chase and company strategist Marko Kolanovic said in a research report that the plunge in technology, biotech and emerging market stocks may be nearing the end, and it is time to start increasing holdings of those high-beta stocks that have plummeted. After the Fed announced a rate hike, Kolanovic said that despite the current turbulent situation, sluggish market sentiment and low investor positions, it is believed that many risks have been digested. In addition, earlier this week he suggested selective allocation of Chinese stocks that have confirmed or better than expected performance in April or May.

Goldman Sachs: The downside risks brought by Ukraine and Russia still exist, and the current market is too optimistic

Goldman Sachs strategists Dominic Wilson and Vickie Chang wrote in a note that the excellent performance of European assets in recent days and the sharp rebound in international oil prices indicate that the market's assessment of the global impact of the Russian-Ukrainian conflict has clearly been excessively relaxed. "Now, if progress on conflict resolution proves to be very short-lived, or if energy supplies are more severely disrupted, assets will be more vulnerable."

Goldman Sachs continues to look at large commodities: Cloth Oil Q2 looks as high as $120

Goldman Sachs said in its latest client report on Thursday that the recent sell-off, driven by "sentiment and liquidity," has provided investors with buying opportunities as the underlying commodities market remains strong. Through the interpretation of fundamentals and markets, Goldman Sachs locked its spot price forecast for Brent crude oil in the second quarter of 2022 to $120/b, but expects a further rise to $135/b in the second half of 2022.

Well-known hedge fund managers: This year, oil prices are expected to soar to $200, and Russian oil is afraid of permanently withdrawing from the market

Pierre Andurand, a prominent French commodities trader and hedge fund manager, said on Thursday that as Russian crude could exit the market forever, oil prices would reach $200 a barrel this year, about twice as high as current levels.

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Fed Bullard: It has been suggested that the federal funds rate be raised above 3% this year

Fed Bullard: Oppose a mere 25 basis point hike because a 50 basis point hike and balance sheet cuts would be a "more appropriate" way to deal with inflation; it has been suggested that the federal funds rate be raised above 3% this year.

The "Four Witches' Day" is coming, and $3.5 trillion in options is about to expire

This Friday, the US stock market will usher in the "Four Witch Days", that is, stock index futures, stock index options, individual stock futures and individual stock options expire at the same time. According to Goldman Sachs, about $3.5 trillion in options will expire on Friday. At the same time, there are more near-value options expiring than at any time since 2019, suggesting that a group of investors will be actively trading around these positions.

U.S. senators have proposed banning uranium imports from Russia or changing the layout of U.S. uranium supply chains

On Thursday (March 17), local time, the US Republican senator introduced a bill to prohibit the United States from importing uranium from Russia. The bill comes as the Biden administration has been considering imposing sanctions on Rosatom. Rosatom is a major global supplier of nuclear power fuel.

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Musk confirmed! Tesla (TSLA. US) FSD launches in Canada next week: "peer-to-peer" autonomous driving

Tesla CEO Elon Musk posted on his personal social platform that the FSD (Fully Autonomous Driving Kit) will be officially launched in the Canadian market next week. In fact, as early as the update at the end of February, there were Canadian car owners who found that the relevant updates of FSD were newly added, and now after the official opening, Canada will become the second region to launch the FSD function after the United States.

Inflationary pressures are too great, Lucid (LCID.US), XPEV. US) consider adding to the price increases

Peter Rawlinson, chief executive of electric car maker Lucid, said Thursday the company was considering raising prices for future models, citing "huge inflationary pressures." However, the Company is committed to maintaining the prices of existing subscribers. In addition, Xiaopeng Motors said that affected by the continuous sharp rise in the price of upstream raw materials, Xiaopeng Motors will adjust the price of the models on sale, and the increase in the price before subsidies will range from 10,100 to 20,000 yuan.

Game Station (GME. US) Q4 net sales increased 6.2% year-over-year, and plans to launch an NFT business

Game Station Q4 net sales increased 6.2% year-over-year to $2.25 billion, with market expectations of $2.23 billion; The adjusted loss per share was $1.86 and the market expected earnings per share to be $0.84. In addition, Gaming Station plans to enter the non-homogeneous token (NFT) market by the end of the second quarter of fiscal 2022.

Exclude U.S. network operators! Apple (AAPL. US) "On-Device Certification" for the New iPhone SE

The launch of Apple's latest iPhone SE has changed the way American consumers buy the phone, leaving wireless carriers out of the buying process and giving the tech giant more control. It is reported that this new feature is called "on-device authentication", that is, consumers can enter data and connect to the carrier when they first turn on the phone. This change also means that users don't have to opt for a web plan when making a purchase. The new process will begin on March 29 at U.S. stores.