[Breaking News] Plummeting! Good morning 💦 interest rate cut due to domino effect ⤵

📉 Good morning. 💦 US stock market trends 7/24. The sector rotation continued, and small and medium cap stocks were also sold. Major indices: New York Dow -1.25%, S&P 500 -2.31%, Bitcoin $65,190, Ethereum $3,374.

💰 Economic indicators and yields 10-year government bond yield 4.28%, 2-year government bond yield 4.42%. PMI index: manufacturing industry 49.5 (forecast 51.6), non-manufacturing industry 54.9.

🔍 Stock chart and heatmap Major stock prices: NVIDIA -6.8%, Google -5%, Tesla -12%. The announcement of the financial results of Magnificent 7 is suspicious, and sales are intensifying.

🚗 Tesla's financial results, rough profit margins for automobiles are sluggish, and growth in unit sales is also low. The announcement of RoboTaxi has been postponed to 10/10. 📊 Alphabet's financial earnings per share and sales exceed expectations, but YouTube advertising revenue falls short of expectations. There was a slight increase in capital investment.

🏛️ The US economy and credit card delinquency rate The US credit card delinquency rate is at the highest level. The overdue rate is high according to the Philadelphia Legion data. 🇨🇦 Interest rate cuts in Canada The Bank of Canada cut policy interest rates by 25 basis points. Expectations are rising for interest rate cuts in the US.

💱 Exchange rate trends The dollar and yen will reach 153,000 units at one point. While the Japanese yen is being bought strongly, the Swiss franc and British pound are also strong.

📈 Summary and future prospects The sector rotation from large tech to small to medium cap stocks is expected to continue.