Review of the market on May 27

The market was optimistic about COVID-19 's vaccine research and development process, US companies accelerated to resume work and production, US stocks hit a new high of this rally, and Trump also tweeted to celebrate. In the end, the Dow closed up 529 points, the Nasdaq rose 0.17%, and the S & P 500 rose 1.23%. Financial stocks, aviation stocks, cruise stocks rose across the board.

The Hang Seng Index opened high and opened low in early trading. In the afternoon, as funds returned southward, the Hang Seng Index rose and narrowed its decline to 0.36%, and New economy stocks generally fell.

Before US Stock Market: futures Index strengthens again

Us stocks rose by leaps and bounds overnight, and the pre-market index strengthened again today. as of press time, Dow futures rose 1.37%, S & P 500 futures rose 1.15%, and Nasdaq futures rose 0.79%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index closed down 0.36%, while the southern double bearish Hang Seng Index rose 1.66%.
  

The late rally of the Hang Seng Index narrowed its decline to 0.36%, but the Hang Seng Index ETF did not follow the trend of the Hang Seng Index.$South double bullish Hang Seng Index (07200.HK) $Down 1.63%, the turnover reached HK $654 millionSouth double bearish Hang Seng Index (07300.HK) $Up 0.84%, the turnover reached HK $19.51 million$South double bearish Hang Seng Index (07500.HK) $The turnover increased by 1.66% to HK $1.937 billion.

• Hong Kong stock market rose by the top 10 ETF

Today, the ETF of the top 10 gains in the Hong Kong stock market is mainly short-taking index, the ETF of the Hang Seng Index, of which$fi II South Narcotics (07568.HK) $The turnover increased by 2.74% to HK $17.68 million.

Performance of major ETF products in US stocks

Us stocks rose sharply overnight, with the Dow once above 25000 and the S & P 3000 before falling back, with the Dow closing up 2.17%, the Nasdaq up 0.17% and the S & P 1.23%.$ProShares UltraPro 3 times Dow 30 (UDOW.US) $Increase by more than 6%Triple the S & P 500ETF-ProShares (UPRO.US) $涨4%，$NASDAQ triple long ETF-ProShares (TQQQ.US) $跌0.42%。

The US stock futures index continued its upward trend today.$ProShares UltraPro 3 times Dow 30 (UDOW.US) $、Triple the S & P 500ETF-ProShares (UPRO.US) $It rose by more than 4% before trading.$NASDAQ triple long ETF-ProShares (TQQQ.US) $It was up nearly 3% before the day.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$FI2 Warsaw 100 (07522.HK) $Increased 1.87% to HK $18.87 million.$Huaxia Direxion double look at the 07261.HK (Donna Index) $跌1.95%。

ETF performance of energy and precious metals

• Crude oil fell slightly, while US crude oil funds fell 1% before trading.
  

Crude oil fell slightly today after a continuous rebound, and WTI crude oil is now down 0.7% in July contract.Us crude Oil Fund (USO.US) $It was down 0.66% before trading.Crude Oil Index ETF-ProShares DJ-UBS double long (UCO.US) $It was down 1.73% before trading.

Optimism about a global resumption of work continues to spread, market risk appetite is rising, US crude oil production is still falling, and OPEC+ is preparing to continue its meeting in June to discuss production cuts. But some are still cautious about crude oil, and Bank of America Corporation's global research department is cautious about any forecasts. "We cannot rule out the second spread of the epidemic and further blockade," the agency said. Any oil market surplus could quickly upset this delicate balance. "

• International gold price is under pressure, shorting gold ETF ushered in a rebound

Optimism about COVID-19 's vaccine and rising expectations for a rapid economic recovery have curbed gold prices, although the total annualised number of new home sales in the US after a quarterly adjustment in April yesterday was 623000, higher than the expected 480000, but lower than the previous value. In addition, the consumer confidence index of the Consultative Chamber of Commerce in May was still lower than expected. Gold futures tumbled 1.4% yesterday.Double short gold ETF (ProShares) (GLL.US) $涨3.07%。

Gold futures fell another 0.6% today.

Other ETF manifestations

• Overnight US stock market rose by the top 10 ETF

The top ten ETFs that rose overnight in the US stock market were mainly long ETF of Brazilian and Latin American stock markets, of which$Direxion daily Brazil bullish twice as much stock (BRZU.US) $Up more than 15%, the ETF is a leveraged ETF that tracks the MSCI BRAZIL 25-50 index, mainly large-cap and mid-cap stocks in the Brazilian stock market.

Brazil's stock market is the worst performer in the world this year, with the BOVESPA index, its main stock index, down 47% for the year and still down 26% after a recent rebound.

Goldman Sachs Group (Goldman Sachs) is also bullish on the world's worst-hit stock market. The Brazilian stock market has fallen more than 48 per cent in dollar terms this year and will benefit from growing demand for risky assets and a rebound in commodity prices in the second half of the year, Goldman Sachs Group's team of strategists led by Kamakshya Trivedi wrote in a report on May 20.

"We think Latin America provides the highest value in emerging market equities and Brazil is an ideal candidate for a rebound," strategists said. Latin America has underperformed relative to other emerging market stocks since January, opening up the value of various assets on a relative and absolute basis. "

Strategists recommend that investors be long Brazil's benchmark Ibovespa index, with a target of 90000, about 9 per cent higher than current levels.

• Futures index up, long holding index ETF down again

Us stock index continued to rise before trading, long panic index ETF fell sharply$panic 2X long-VelocityShares (TVIX.US) $Drop by more than 6%$ProShares Ultra VIX short-term futures ETF (UVXY.US) $It's down more than 5%.

Risk hint: leverage ETF due to the existence of leverage and wear and tear, holding risk, especially long-term holding, investors need to be vigilant.