TSLA
Tesla
-- 410.440 NVDA
NVIDIA
-- 144.470 PLTR
Palantir
-- 79.890 AMD
Advanced Micro Devices
-- 125.370 CRNC
Cerence
-- 19.330 
ใ๐บ๐ธ Recap of the American market ๐บ๐ธใ
Exchange rate
The dollar has been stable against major currencies.
Although the CPI growth rate compared to the previous year slightly decelerated, the Federal Reserve's monetary policy outlook was not clearly indicated.
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โซ Voice from the market
It was not indicated whether the Federal Reserve Board needs to cut interest rates quickly.
Observations on future volatility tend to decrease.
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- Bond.
Yields have decreased.
Concerns about inflationary pressures in the american being alleviated has led to a sense of reassurance spreading.
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โซ Voice from the market
Even though the numbers were as expected, the market reacted because there were expectations of even stronger figures.
It is evident that there is still a long way to go for the FRB to achieve the 2% inflation target.
In addition to concerns surrounding regional bank sectors, if the federal debt ceiling issue is not resolved, the possibility of the FRB temporarily halting rate hikes will increase further.
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Stock
* Various movements
* Confirmation of inflation slowdown led to increased speculation on halting interest rate hikes
* Technology stocks were bought due to low interest rates, but concerns about economic downturn lingered
* FCNCA saw a significant increase as deposit balance exceeded financial estimates
* Alphabet announced new language models with interactive AI 'Bird', leading to buying interest
* ABNB faced a sharp decline as weak revenue forecast for the second quarter disappointed investors
* Disney was sold in after-hours trading as quarterly adjusted earnings per share fell below expectations and the number of paid subscribers for Disney Plus, the video streaming service, also fell below estimates
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โซ Voice from the market
In a positive development where the CPI has finally fallen below 5%.
It has risen by 4.9% compared to the previous year, with the core also still rising by 5.5%.
It is not enough to push up the stock market to levels where it is considered to have emerged from the worst period.
Although there are signs of disinflation, authorities need to be convinced that the inflation rate will return to 2%, and no improvement has been made.
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CPI is summarized in this note here.
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Voices from the Market Regarding CPI
- Inflation indicators related to rent show clear signs of easing price pressures, contributing to pushing down the overall CPI.
- It did not show as much inflation overheating as expected, undeniably inducing a sense of relief and strengthening the basis for halting interest rate hikes.
- The market is quite adamant about halting interest rate hikes, which is still restrictive to the economy even with the halt, with quantitative tightening still in place.
- As expected, the 0.4% month-on-month increase is still a high number, indicating the challenge of keeping the year-on-year growth below 3%.
Core inflation growth remains significant, which will likely deter short-term rate cut speculations, but signs of cooling in service sector inflation support a pause in rate hikes in June or later this year.
Until policy makers are ready to declare mission accomplished, further substantial progress will be needed.
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Economic indicators
April CPI core index (year-on-year)
Financial estimates 5.5% Result 5.5% Previous 5.6%
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April CPI core index (month-on-month)
Financial estimates 0.4%, result 0.4%, previous 0.4%
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April CPI (year-on-year)
Financial estimates 5.0%, result 4.9%, previous 5.0%
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April CPI (month-on-month)
Financial estimates 0.4%, result 0.4%, previous 0.1%
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