Super big shot selling stocks wildly!
According to the latest news, regulatory documents submitted by Amazon Executive Chairman Bezos to the US Securities and Exchange Commission (SEC) show that on November 6-7, Bezos sold a total of 5.992724 million shares of Amazon stock in nine installments, with a market value of $1.23 billion. According to foreign media reports, Bezos has cashed out multiple times and sold over $13 billion worth of Amazon shares this year.
According to Reuters, with the results of the US election and Trump's return to the White House, many Americans have been looking for another way to exit: emigration. Data shows that within 24 hours after Tuesday's voting on the US East Coast, the search volume for "moving to Canada" on Google surged 1270%.
However, in the past week, the S&P 500 index briefly broke through the 6000 point mark. The S&P 500 and Dow Jones Industrial Average recorded their largest weekly percentage gains since early November 2023, while Nasdaq had its best week in two months and the second best week since 2024.
Big shot cash out
On November 9th, it was reported that global e-commerce giant Amazon's executive chairman, Jeff Bezos, submitted regulatory documents to the US Securities and Exchange Commission (SEC) showing that on November 6-7, Bezos sold a total of 5.992724 million shares of Amazon stock in nine installments, with a market value of $1.23 billion. Previously, on November 4th, according to foreign media reports, Bezos sold over 16 million shares of Amazon, with a total value of over 3 billion US dollars. According to previously disclosed documents, Bezos has sold over $13 billion worth of Amazon shares this year.
In addition, Huang Renxun is also cashing out. In June of this year, he reduced his holdings of 1.32 million shares of Nvidia stock, cashing out approximately $170 million. In July, a significant reduction was made, resulting in 2.64 million shares being cashed out, with a total amount of 323 million US dollars. In addition to Huang Renxun, Nvidia executives have also recently sold a large number of stocks, with a cumulative cash out amount of over $490 million from June to July.
According to reports from foreign media on November 2nd local time, in the third quarter of this year, with the sale of stocks such as Apple and Bank of America, Berkshire Hathaway's cash reserves have increased to a record high of $325.2 billion. According to the quarterly financial report released by Berkshire Hathaway on the same day, as of the end of the third quarter, the company sold about 100 million shares of Apple stock, equivalent to a reduction of about 25% of its holdings of Apple stock. Currently, the value of its Apple shares is $69.9 billion, lower than the $84.2 billion in the second quarter.
Immigration surge
With the results of the US election and Trump's return to the White House, many Americans have been looking for another way to exit: emigration. Data shows that within 24 hours after Tuesday's voting on the US East Coast, the search volume for "moving to Canada" on Google surged 1270%. The search volume for moving to New Zealand has increased by nearly 2000%, while the search volume for moving to Australia has increased by 820%.
According to a Google official, on Wednesday evening, Google searches related to immigration on the East Coast of the United States reached a historic high for all three countries. Although the search giant did not provide exact numbers, data from the New Zealand Immigration website shows that on November 7th, the website added about 25000 American users, compared to 1500 users in the same period last year.
The sudden emergence of immigration enthusiasm is similar to people's interest in immigrating overseas after Trump's victory in 2016. However, Edison's exit polls show that his re-election came after a particularly divisive campaign, with nearly three-quarters of American voters stating that they felt American democracy was threatened. Many Americans also worry that his presidency may exacerbate differences between Democrats and Republicans on issues such as race, gender, content and methods of children's education, and reproductive rights.
Another scene in the stock market
However, the performance of the US stock market is not only good, but also strong. Due to Trump's election victory and the possibility of a complete Republican victory in Congress, expectations for favorable business policies have been stimulated. The Federal Reserve cut interest rates by 25 basis points on Thursday local time, which also provided support for the stock market this week.
The S&P 500 index once broke through the 6000 point mark. The S&P 500 and Dow Jones Industrial Average recorded their largest weekly percentage gains since early November 2023, while Nasdaq had its best week in two months and the second best week since 2024.
According to Wind data, as of now, the Nasdaq Composite's price to earnings ratio (TTM) has reached 46.5 times, the Dow Jones Industrial Average's TTM is 32 times, and the S&P 500's is 29 times, ranking among the top three major global stock markets.
The small cap Russell 2000 also saw a significant increase, rising 8.51% this week, marking the largest weekly percentage increase since April 2020, as domestically concentrated stocks are expected to benefit from looser regulation, lower taxes, and fewer import tariffs.
Interest rate sensitive industries, such as real estate and utilities, performed best among the 11 major categories of the S&P 500 index, because the yield of US treasury bond bonds fell for the second consecutive trading day after rising sharply after the election.