US Market Outlook: There is no reason for US stocks to turn bullish = Morgan's Kolanovic Dow Average starts at $2.37

$Dow Jones Industrial Average(.DJI.US)$
$Nasdaq Composite Index(.IXIC.US)$
$S&P 500 Index(.SPX.US)$

Top news
Federal Reserve Officials Speak
●The Fed's remarks are still going on before the minutes are announced by the Federal Reserve.
● Yesterday, Loretta MesterThree rate cuts in 2024 are no longer appropriatePolicy makers repeated that more data is needed before making decisions.
●Statements by Raphael Bostic, Thomas Barkin, John Williams, and Christopher Waller are scheduled for Tuesday.

NVIDIA's financial results are close!! Things to know before financial results are announced, and the latest trends in “AI festivals”
NVIDIA financial results announcementBut5/22 (Japan time on the morning of the 23rd)I'm preparing for it. Market participants and investors are waiting with bated breath as it is an important event that could influence the course of the Japan-US stock market.A summary of what you need to know before announcing financial results and the latest trends in “AI festivals”。
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Inflation or deflation? Both sides of US inflation are ice and fire
Both the April US Consumer Price Index (CPI) and retail sales, which were announced last week, cooled down, giving vitality to the market. As a result, US stocks hit an all-time high during the day last week.
However, Albert Edwards, a well-known strategist at Societe Generale, pointed out that the current inflation problem facing the US is much more complicated than the market thought, and stated that “the Fed is also sowing a new kind of policy disaster.”

Still bearish
●One of the last prominent stock bearish theorists sticks to his beliefs.
●JPMorgan strategist Marko Kolanovic said there was no reason to be even more positive about stocks the day after Morgan Stanley's Michael Wilson turned bullish.
●Last year, when the stock price hit a new high, Kolanovic acknowledged that his views had an adverse effect on the bank's portfolio model allocation.

There is a possibility that the Fed will stop shrinking its balance sheet by the end of the year
● One of the effects of the novel coronavirus global pandemic is probably the expansion of the US Federal Reserve (Fed) balance sheet. The Fed's balance sheet has expanded to close to 9 trillion dollars in order to reinforce financial market liquidity due to the COVID-19 pandemic.
● However, Barclays US interest rate strategist Joseph Abbate pointed out that there is a large possibility that the Fed will slow down the pace of balance sheet contraction, set it to a scale of about 6.8 trillion dollars by the end of the year, and end compression. “The Fed will end quantitative tightening (QT) in December,” it was stated in a memo for customers dated 20th.

Bitcoin and Ether are all high! Related stocks have risen 62% since May
Cryptocurrency has risen across the board due to market speculation that the US SEC's opposition to Ethereum ETFs may be mitigated. $Ethereum(ETH.CC)$It fluctuated close to 20%, and at one pointover 3700 dollarsIt became the price, and it was the biggest increase among major cryptocurrencies. $Bitcoin(BTC.CC)$ Has risen close to 7%$71,000It has surpassed the large mark. Cryptocurrency sales positions worth over 173 million dollars have been settled in the past 24 hours, of which 63 million dollars were Bitcoin selling positions.

Iranian President Raisi and others confirmed dead in helicopter crash The energy market is in the spotlight
The death of Iranian President Ebrahim Raisi in a helicopter crash has been confirmed, and the energy market is attracting attention. Despite uncertainties about major oil producing countries, the impact of this trend on the market has been suppressed so far.

The slump in retail data in April and the slump in related stocks may, on the contrary, be an opportunity to buy = Mr. Lerner
David H. Lerner, who is in charge of the investment division of Group Mind Investing, said that despite the fall in retail sales in April and the subsequent sale of private consumption-related stocks, $Airbnb(ABNB.US)$ 、 $Uber Technologies(UBER.US)$ 、 $Affirm Holdings(AFRM.US)$I think there are opportunities for investment and trading for companies like this, especially companies that focus on services such as travel and entertainment.

— MooMoo News Zeber
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts