The market continues to pay attention to the performance of US stocks after the presidential election. As of publication, the three major indices are mixed, with the s&p 500 index up by 0.15%, the nasdaq up by 0.31%, and the dow down by 0.13%.

Notable bear, morgan stanley strategist Michael Wilson is optimistic about the outlook for 2025. Given the expectation that improved economic growth and further interest rate cuts by the Federal Reserve will drive the index higher, he predicts the s&p 500 index will be around 6500 points by the end of next year.

Previously, Wilson predicted that the s&p 500 index would reach 5400 points by mid-2025, while the index had already surpassed the 6000-point mark last week. In the research report, Wilson stated, "We expect this profit growth to continue as the Federal Reserve cuts interest rates and business cycle indicators continue to improve."

morgan stanley has set its benchmark target price for the s&p 500 index by the end of next year higher than its previous "bull market" scenario of 6350 points. Now, its target price for the index in a "bull market" scenario next year has reached as high as 7400 points.

Concerns about the Federal Reserve's path of interest rate cuts continue to trouble investors. Last Thursday, Federal Reserve Chairman Jerome Powell stated that, given the strong economic growth and robust labor market, the central bank is not "in a hurry" to cut rates—this led to a sell-off in US stocks last week.

According to the CME's FedWatch tool, most investors are now pricing overnight loan rates at between 4.25% and 4.50% by the end of this year.

Nomura Securities is no longer expecting the Federal Reserve to cut rates at its policy meeting in December. This makes it the first global brokerage to suggest that the Federal Reserve will pause its rate-cutting cycle after Trump wins the election.

Nomura Securities now predicts that the Federal Reserve will only cut rates twice in March and June 2025, each time by 25 basis points. The brokerage keeps its forecast for the federal funds rate unchanged at 4.125% until next year.

Nomura Securities believes that with ongoing economic growth and the potential for further inflation, policymakers have recently expressed hawkish views. This further indicates that the Federal Reserve is not in a hurry to cut rates, so the Federal Reserve will pause its tightening cycle next month.

Meanwhile, other global brokerages including Goldman Sachs and JPMorgan still expect the Federal Reserve to cut rates by 25 basis points next month.

This week, the market will see a batch of important earnings reports, including that of nvidia. The company will announce its results on Wednesday, and traders will pay attention to comments regarding demand for its Blackwell ai chip.

According to media reports citing sources, nvidia's Blackwell chip has experienced overheating issues in servers.

In addition to nvidia, other important companies reporting earnings this week include pdd holdings, as well as several major retailers like walmart, target, and ross stores.

According to public data, so far, 93% of the companies in the s&p 500 index have reported their earnings, with three-quarters of the eps exceeding expectations and 61% of the revenue surpassing forecasts.

Focus stocks

Most of the star tech stocks rose. $Tesla (TSLA.US)$ Up nearly 8%, $Advanced Micro Devices (AMD.US)$ Up more than 3%, Wheaton Precious Metals (WPM.US) fell more than 13%, with silver falling more than 4%, and others falling more than 2%. $Apple (AAPL.US)$ Rising more than 1%.

Most china concept stocks rose. $NIO Inc (NIO.US)$ Up more than 4%. $XPeng (XPEV.US)$ Increased by nearly 3%. $PDD Holdings (PDD.US)$ Rising more than 1%.

$Tesla (TSLA.US)$ Soaring nearly 8%, with a market cap exceeding 1.1 trillion USD, it was previously reported that Trump's administration will prioritize the formulation of rules aimed at loosening regulations on autonomous driving.

$NVIDIA (NVDA.US)$ Fell over 2%, the company will announce its financial report after the market closes on November 20, Eastern Time. Reports indicate that there are "overheating" issues with the servers equipped with the company's next-generation Blackwell ai chip, raising concerns among clients like Google and Microsoft. Due to design flaws, this chip has faced multiple delivery delays.

$Super Micro Computer (SMCI.US)$ Surged over 11% during trading, reports say the company will submit a compliance plan to avoid delisting risks.

$Xiaomi Corp. Unsponsored ADR Class B (XIACY.US)$ Rose over 5%, Q3 revenue of 92.5 billion yuan set a new historical high, with the auto business generating nearly 10 billion yuan in quarterly revenue.

$Palantir (PLTR.US)$ Dropped over 8%, after gaining over 11% in the previous trading session.

Editor/Somer