US market outlook: US bond yields continue to rise, and the Dow average starts off at a lower price of $87.96

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Paulson and Geithner both appeal for dealing with US financial issues - interview
Both Hank Paulson and Timothy Geithner, who served as US Treasury Secretary, called on policy authorities such as the administration and Congress on the 2nd to deal with long-term financial issues before they become impossible to overcome. The day before, the rating agency Fitch Ratings announced the downgrade of the United States.

U.S. Kansas City Federal Reserve named new governor Mr. Schmid
The US Kansas City Federal Reserve announced on the 2nd that Jeffrey Schmid, who has experience in bank management and supervisory authorities, will take office as the new governor on the 21st. Since the retirement of former President Esther George in January, the search for a successor has continued.

The FRB also doesn't believe in a soft landing, and there is a fear that a recession will come someday - Dudley
After the bright indicators continued, there is a possibility that the US Federal Reserve has finished its fight against inflation, and the inflation rate will drop to 2% of the price target, but there is growing optimism in the market that the US economy will settle down without entering a recession (recession) and experience a rare “soft landing (soft landing).”

Has the time to prepare for a decline in US stocks arrived, and does a 5-month winning streak mean even more bullish?
Tom Lee of Fundstrat, who is the most bullish stock strategist on US Wall Street, warned that although US stocks are bullish for the second half of this year, there is a possibility that they will turn into a decline over the next few weeks.

Treasury Secretary Yellen condemns Fitch's downgrade as “inexplicable” US debt is at a low level for the first time in 9 months
US Treasury Secretary Janet Yellen has condemned Fitch's downgrade of US ratings. Treasury Secretary Yellen pointed out that the downgrade “has no justification at all.” He said, “Based on the strength of the US economy, Fitch's decision is inexplicable,” and expressed strong opposition.

Apple's deposit service surpasses $10 billion in balance since opening in April
$Apple(AAPL.US)$ has partnered with Goldman Sachs to provide deposit accounts for Apple Card and credit card holders.

[Financial Results Preview] Can Apple, which is expected to have strong iPhone sales, reverse the forecast for a decline in sales and profit
$Apple(AAPL.US)$ The FY23 3Q financial results are scheduled to be announced on 8/4 Japan time. According to Bloomberg's market consensus, the US Apple FY23 3Q earnings forecast is 81.56 billion US dollars, down 1.37% from the same period last year. The adjusted net profit forecast is 11.82 billion US dollars, down 3.20% from the same period last year. Adjusted EPS was $1.21, up 0.30% from the same period last year.

[Financial Results Preview] Will Amazon's main AWS business improve as it works to enhance AI
$Amazon(AMZN.US)$ Earnings guidance (as of 1Q financial results, median) for the fiscal year ending 2023/12 2Q (fiscal year ending 4/6) was 130 billion dollars, up 7% from the same period last year. Operating profit was 2 to 5.5 billion dollars (3.32 billion dollars for the 2Q '22). According to Bloomberg's market consensus, the company's 2Q sales forecast is 131.63 billion dollars, up 13.0% from the same period last year, and the adjusted EPS forecast is 0.66 dollars. The current market consensus slightly exceeded the company's plans.

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Distributor: Bloomberg, Dow Jones, Jiji Press, Benzinga