#非农就业数据推升加息预期 The U.S. announced that nonfarm payrolls increased by 165,000 in October, far exceeding market expectations of around 60,000, while the unemployment rate fell to 4.1%.
Exceptionally strong employment data, combined with upward revisions to previous figures, points to a highly resilient labor market. This overturned expectations of rate cuts, as markets worried that inflation would prove difficult to bring down. Traders are now betting heavily that the Fed will resume raising rates in December. Expectations of higher interest rates sent Treasury yields soaring, putting tech stocks under significant valuation pressure.
In the short term, rising interest rate risk is weighing on high-valuation tech stocks 📉. However, core AI plays such as chips (including Micron (MU), TSMC (TSM), and Nvidia (NVDA)) are still rebounding before the market opens. In the long run, leading tech stocks continue to have upside momentum, supported by strong fundamentals 📈.
$MU
$NVDA
$TSM
Exceptionally strong employment data, combined with upward revisions to previous figures, points to a highly resilient labor market. This overturned expectations of rate cuts, as markets worried that inflation would prove difficult to bring down. Traders are now betting heavily that the Fed will resume raising rates in December. Expectations of higher interest rates sent Treasury yields soaring, putting tech stocks under significant valuation pressure.
In the short term, rising interest rate risk is weighing on high-valuation tech stocks 📉. However, core AI plays such as chips (including Micron (MU), TSMC (TSM), and Nvidia (NVDA)) are still rebounding before the market opens. In the long run, leading tech stocks continue to have upside momentum, supported by strong fundamentals 📈.
$MU
$NVDA
$TSM