US Market Outlook: Distrust of the U.S. Central Bank Reignited, and the Dow Average depreciated by $147.44

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

Top news
The rice producer price index (PPI) for April grew less than expected and rose 0.2% from the previous month
The rice producer price index (PPI) for April rose 0.2% from the previous month. The forecast was for a 0.3% increase. This is a 2.3% increase compared to the same month last year. Market expectations are up 2.5%. The growth rate reached a low level for the first time in 2 years and 3 months.

Secretary Yellen says default on US debt “ignites global recession”
US Treasury Secretary Yellen held a press conference on the 11th in Niigata City, which she visited at the 7 major countries (G7) finance ministers and central bank governors meeting. If the U.S. Congress failed in negotiations to raise the upper limit of debt and fell into default (default), it sounded an alarm saying “it will be a source of global economic recession.”

USAJIGIN PACK WEST plummeted again due to previous transactions, due to a new outflow of deposits
Bank of America due to overtime trading before the US stock market close on the 11th $パックウェスト・バンコープ(PACW.US)$ has been sold, and it has remained about 22% lower than the previous day. The fact that a new deposit outflow has occurred is disgusting, and it is inviting sales

Mr. Dimon of JPMorgan is wary of “too much regulation”
Jamie Dimon, Chief Executive Officer (CEO) of JPMorgan Chase, a major US bank, pointed out that there is a high possibility that regulators were overreacting to the banking sector turmoil in March that led to the bankruptcy of the four regional banks.

Market participants ask for a decision on whether the devaluation of Credit S AT1 bonds is a credit reason
The Credit Derivatives Decision Committee (CDDC), which oversees the credit default swap (CDS) market, was asked to determine whether the fact that other Tier 1 bonds (AT1 bonds) of the Credit Suisse Group were deemed worthless would be a credit event (credit reason).

Bank of America crisis spreads to commercial real estate market
The effects of the US bank crisis have not yet fully penetrated the market, and Jenny Johnson (CEO) of Franklin Templeton Investments showed the view that commercial real estate will be affected in the future on the 11th.