Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,000 yen - 39,500 yen (4-day closing price 39,773 yen 14 sen)
● [Federal Reserve Officials Remarks] Interest Rate Cuts May Not Be Implemented This Year - Governor Kashkari
● The biggest decline in NY stocks this year, interest rate cuts, and risk aversion is spreading
● Governor Ueda will consider raising interest rates if the accuracy to achieve the 2% target is further enhanced
● North Sea Brent crude oil has risen to the 90 dollar range, since October last year - due to geopolitical risks
● Amazon's Expanding Cash, Voices of Expectations for Shareholder Returns - Stocks Approaching Highs
● Tesla rises and production of right-hand drive cars for export to India begins at German plant
ー MooMoo News Mark
Market Overview
In the US stock market on the 4th, the NY Dow Jones Industrial Average continued to fall for 4 days to 38,596 dollars 98 cents, which is 530 dollars 16 cents lower than the previous business day. The Nasdaq Composite Stock Price Index fell 228.376 points to 10,6049.082. The Tokyo stock market on the 5th had a big selling advantage, mainly for large stocks, and the Nikkei Stock Average was big...

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This is Buffett Taro.
It has dropped 52% due to overtime transactions in response to reports that USBAC West Bank Corp (PACW below) is considering sell-off. Also, from the view that “the bank crisis is not over,” market participants anticipate that “there will be interest rate cuts as early as July,” but I think this is a mistake.
Like Silicon Valley Bank, Signature Bank, and First Republic Bank, which have already gone bankrupt, PACW is a regional bank based in California, and all of the current banking crises are concentrated on the west coast.
In other words, since it's not happening across the US, the Fed probably doesn't think that a banking crisis is imminent, and it's hard to think of moving to cut interest rates early. Even so, considering that there is a large gap with market participants in the outlook for policy interest rates, the FOMC after July could be a source of market turbulence.
In order to avoid this, it is expected that Chairman Powell will continue to send hawkish messages until market participants change their minds, so I think the upper price of the stock market will be heavy.
Good Luck.