General Motors (GM, Financial) reported a total vehicle delivery of 659,601 units in the U.S. for Q3, marking a 2.2% year-over-year decline. However, electric vehicle (EV) sales reached a new peak with 32,195 units sold, representing a 60% year-over-year increase and a 46% rise from Q2. As a result, GM’s market share in the U.S….
China’s Economic Measures The market’s attention was largely focused on China during the past week, as the country’s officials announced a raft of measures aimed at boosting consumption, property demand, and stock market liquidity. The People’s Bank of China lowered its reserve requirement ratio, the repurchase rate, the medium-term lending facility rate, and hinted at…
Market Overview There might not have been a lot of buying conviction in today’s market, but more importantly, there was no real selling conviction either. There was some buy-the-dip interest that coursed through NVIDIA (NVDA 120.87, +4.61, +4.0%) and the mega-cap space. Additionally, there was an appreciation for a wave of policy stimulus measures announced…