US Market Outlook: Focus on the University of Michigan Consumer Confidence Index in April The Dow Average starts at a lower price of $139
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This is tonight's reading of NY stocks.![]()
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38319.14 dollars with a depreciation of 139.94 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 149.17 points at 16293.03. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 27.55 points to 5171.51.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38319.14 dollars with a depreciation of 139.94 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 149.17 points at 16293.03. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 27.55 points to 5171.51.
The beginning of the financial results season, the return of the “M7” champion
● The US stock settlement season has begun, and the profits of big tech called “M7” have rapidly expanded in the market, $S&P 500 Index(.SPX.US$ It is expected to drive profit growth. The market is watching its earnings in order to assess the appropriateness of PER for the current market as a whole.
● $Apple(AAPL.US$ with $Amazon(AMZN.US$ The stock price has risen, benefiting from product innovation and business restructuring, showing investors' confidence in the future growth of both companies.
● The US stock settlement season has begun, and the profits of big tech called “M7” have rapidly expanded in the market, $S&P 500 Index(.SPX.US$ It is expected to drive profit growth. The market is watching its earnings in order to assess the appropriateness of PER for the current market as a whole.
● $Apple(AAPL.US$ with $Amazon(AMZN.US$ The stock price has risen, benefiting from product innovation and business restructuring, showing investors' confidence in the future growth of both companies.
Bank Settlement
The major bank of the United States $JPMorgan(JPM.US$ has announced financial results for 24Q1 (fiscal year ending January-March). The net interest income forecast for the full year was left unchanged at about 90 billion dollars.
●EPS (net income per share, adjusted)Is$4.63、conjectureBut$4.17。
●turnoverIs$41.9 billion、conjectureBut$41.6 billion。
The major bank of the United States $JPMorgan(JPM.US$ has announced financial results for 24Q1 (fiscal year ending January-March). The net interest income forecast for the full year was left unchanged at about 90 billion dollars.
●EPS (net income per share, adjusted)Is$4.63、conjectureBut$4.17。
●turnoverIs$41.9 billion、conjectureBut$41.6 billion。
commodity boom
● In the commodity market, gold hit an all-time high, copper reached a high level since 2022/6, zinc was traded at a high level for the first time in 1 year, and iron ore reached a high level for the first time in 2 years.
● Despite the fact that the International Energy Agency (IEA) revised its demand forecast downward for this year and slowed the growth forecast for 2025, crude oil prices continued to rise, and Brent crude oil exceeded 90 dollars per barrel.
There is also a possibility that the US 10-year bond yield will be 5% or more = TD
●Bloomberg's national debt index is down 4.7% this year
● Strategists warned that if the US economy continues to be solid and the Fed officials do not change their policy stance, the decline in the bond market will continue. In that case, the bond market will continue to decline, and 10-year US bond yields may rise to 5% or more.
● In the commodity market, gold hit an all-time high, copper reached a high level since 2022/6, zinc was traded at a high level for the first time in 1 year, and iron ore reached a high level for the first time in 2 years.
● Despite the fact that the International Energy Agency (IEA) revised its demand forecast downward for this year and slowed the growth forecast for 2025, crude oil prices continued to rise, and Brent crude oil exceeded 90 dollars per barrel.
There is also a possibility that the US 10-year bond yield will be 5% or more = TD
●Bloomberg's national debt index is down 4.7% this year
● Strategists warned that if the US economy continues to be solid and the Fed officials do not change their policy stance, the decline in the bond market will continue. In that case, the bond market will continue to decline, and 10-year US bond yields may rise to 5% or more.
Current price movements are typical of bubble markets and warnings = BofA
●According to Bank of America strategists, the abnormal rise in high-tech stocks and commodities, and the sharp rise in bond yields are similar to market conditions during the bubble formation period.
●Strategists warn that although this situation is “naturally popular (naturally popular in vogue),” it is also fraught with risks of rising inflation and rising capital costs. The current market situation means investors should sell bonds and dollars and buy NASDAQ stocks and inflation-hedging assets such as gold, commodities, and cryptocurrencies.
●According to Bank of America strategists, the abnormal rise in high-tech stocks and commodities, and the sharp rise in bond yields are similar to market conditions during the bubble formation period.
●Strategists warn that although this situation is “naturally popular (naturally popular in vogue),” it is also fraught with risks of rising inflation and rising capital costs. The current market situation means investors should sell bonds and dollars and buy NASDAQ stocks and inflation-hedging assets such as gold, commodities, and cryptocurrencies.
Highest ever cash bet
● The British asset management company Ruffer LLP manages two-thirds of its assets of approximately 28 billion dollars in cash, and purchases insurance policies with that cash in order to obtain profits when the market plummets.
● Investors around the world seem to have lost confidence that stocks will continue to rise. According to Bank of America's latest cash circulation report, equity funds recorded an outflow of close to 20 billion dollars in one week. Of these, 17 billion dollars came from US stock funds, and large stocks in particular were hit by the biggest outflow of funds since the end of 2022.
Boosting inflation
●The rise in car insurance premiums in the US in March had an impact on inflation, according to data released on Wednesday. Automobile insurance premiums in the consumer price index rose 22.2% from the previous year, and have continued to rise since December 2021.
● Sean Tucker, senior editor of Kelley Blue Book, pointed out the rise in demand for new cars and high repair costs as the main reasons for the rise in car insurance premiums.
There is no problem with NVIDIA's “sales”, and the newly purchased Coinbase is doing better = Cathie Wood
● Kathy Wood said in her latest interview $Tesla(TSLA.US$ It emphasizes optimism about the long-term outlook, particularly leadership in autonomous driving and humanoid robotics. Meanwhile, $NVIDIA(NVDA.US$ Although it has demonstrated leadership in the AI field, they argue that more evidence supporting its high stock price is necessary.
● He said he expects EV prices to drop drastically over the next 5 years despite global economic challenges. They are also bullish on investment in proprietary data into AI, and they believe that fusion of technology will promote production expansion and cost reduction.
● The British asset management company Ruffer LLP manages two-thirds of its assets of approximately 28 billion dollars in cash, and purchases insurance policies with that cash in order to obtain profits when the market plummets.
● Investors around the world seem to have lost confidence that stocks will continue to rise. According to Bank of America's latest cash circulation report, equity funds recorded an outflow of close to 20 billion dollars in one week. Of these, 17 billion dollars came from US stock funds, and large stocks in particular were hit by the biggest outflow of funds since the end of 2022.
Boosting inflation
●The rise in car insurance premiums in the US in March had an impact on inflation, according to data released on Wednesday. Automobile insurance premiums in the consumer price index rose 22.2% from the previous year, and have continued to rise since December 2021.
● Sean Tucker, senior editor of Kelley Blue Book, pointed out the rise in demand for new cars and high repair costs as the main reasons for the rise in car insurance premiums.
There is no problem with NVIDIA's “sales”, and the newly purchased Coinbase is doing better = Cathie Wood
● Kathy Wood said in her latest interview $Tesla(TSLA.US$ It emphasizes optimism about the long-term outlook, particularly leadership in autonomous driving and humanoid robotics. Meanwhile, $NVIDIA(NVDA.US$ Although it has demonstrated leadership in the AI field, they argue that more evidence supporting its high stock price is necessary.
● He said he expects EV prices to drop drastically over the next 5 years despite global economic challenges. They are also bullish on investment in proprietary data into AI, and they believe that fusion of technology will promote production expansion and cost reduction.
Assault on NVIDIA = Intel
● $Intel(INTC.US$ It announced new products such as AI chips Gaudi 3 and Xeon 6 CPUs, challenged NVIDIA's leadership in the AI market, and aimed to promote the company's transformation and growth in the AI field.
● Intel emphasizes the performance and energy saving advantages of Gaudi 3, and expects that corporate investment in generative AI will continue to expand as the company aims to return to becoming an industry leader in the AI wave.
— MooMoo News Zeber
This article uses automatic translation for some of its parts
● $Intel(INTC.US$ It announced new products such as AI chips Gaudi 3 and Xeon 6 CPUs, challenged NVIDIA's leadership in the AI market, and aimed to promote the company's transformation and growth in the AI field.
● Intel emphasizes the performance and energy saving advantages of Gaudi 3, and expects that corporate investment in generative AI will continue to expand as the company aims to return to becoming an industry leader in the AI wave.
— MooMoo News Zeber
This article uses automatic translation for some of its parts
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フッチ : Huh ~ (crying)
クロヤン : Will it go up?