Sou Hu Cai Jing·2025-11-24 10:27Market Overview - The U.S. stock market experienced a significant rebound on November 21, with all three major indices rising over 1% after a tumultuous week [1] - The Dow Jones index closed at 46,245.41, up by 493.15 points (+1.08%), the Nasdaq Composite at 22,273.08, up by 195.03 points (+0.88%), and the S&P 500 at 6,602.99, up by 64.23 points (+0.98%) [2] Federal Reserve Insights - A "hawk-dove battle" among Federal Reserve officials is ongoing, with some maintaining a hawkish stance while others suggest potential rate cuts [3][5] - The cancellation of the October CPI release and the delay of the November CPI data to December 18 means that the next interest rate decision will occur without this crucial data [3] - New York Fed President Williams indicated that current policies may be overly restrictive and hinted at possible rate cuts, leading to a significant increase in the market's pricing of a December rate cut from 41% to 71.5% [5] Market Sentiment and Technical Analysis - The market sentiment is currently characterized by extreme pessimism, with CNN's "Fear and Greed Index" dropping to 7, indicating a state of extreme fear [12] - Historical data suggests that when the CNN index falls below 10, the S&P 500 tends to show positive returns in the following month [15] - The S&P 500 index is approaching a critical mid-term support level around 6,456, which could trigger panic selling if breached [8][10] Stock Performance and Sector Analysis - Nvidia's stock price reacted positively to news regarding potential sales of H200 chips to China, contributing to the market's rebound [8] - AI concept stocks are experiencing a shift in investment focus from hardware to models, with companies like Google and Microsoft competing for dominance in AI algorithms [17] - The current market environment shows significant stock differentiation, prompting a strategy shift towards index investments rather than individual stocks [19]