[Morning Report] Will there be a signal for a rate cut at Jackson Hole, which holds the key to the market? Mr. Harris announces economic policy.
![[Morning Report] Will there be a signal for a rate cut at Jackson Hole, which holds the key to the market? Mr. Harris announces economic policy.](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240819/1724017864484-08e6e15752.png/big?area=105&is_public=true)
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The key points of this morning's first report are as follows.
● [Tokyo Stock Market Forecast Range] 0.03 million7400 yen - 0.03 million8000 yen (closing price on the 16th was 0.03 million8062.67 yen)
From the turbulent market to a rapid recovery, the anticipation of rate cuts remains strong, with a focus on Jackson Hole.
U.S. Michigan consumer confidence rises for the first time in 5 months, exceeding expectations.
U.S. housing starts decrease significantly in July, reaching their lowest level in 4 years and 2 months.
Harris announces economic policies including child tax deductions and construction of 3 million homes.
LDP leadership election voting set for September 20th and 27th.
Risk-on sentiment returns with changing trends! Focus on 7 stocks with astonishing profit growth.
25 companies with increased revenue, profits, and low PE ratios available for purchase at or below 0.1 million yen 【Standard】 Edition <Value Stocks Special>
－moomoo News Amelia
From the turbulent market to a rapid recovery, the anticipation of rate cuts remains strong, with a focus on Jackson Hole.
U.S. Michigan consumer confidence rises for the first time in 5 months, exceeding expectations.
U.S. housing starts decrease significantly in July, reaching their lowest level in 4 years and 2 months.
Harris announces economic policies including child tax deductions and construction of 3 million homes.
LDP leadership election voting set for September 20th and 27th.
Risk-on sentiment returns with changing trends! Focus on 7 stocks with astonishing profit growth.
25 companies with increased revenue, profits, and low PE ratios available for purchase at or below 0.1 million yen 【Standard】 Edition <Value Stocks Special>
－moomoo News Amelia
Market Overview
In the U.S. stock market on the 16th, the Dow Jones Industrial Average rose by $96.70 compared to the previous trading day, reaching $0.04 million659.76, continuing its increase for the 4th day. The Nasdaq Composite Index was up by 37.224 points to $0.01 million7631.720. On the 19th, the Tokyo stock market is likely to be dominated by selling, with the Nikkei Average possibly taking a breather. Leading stocks have risen by over 3200 yen over the last 5 consecutive weeks, so profit-taking and selling pressure from short-term investors are likely to surface.
In the U.S. stock market on the 16th, the Dow Jones Industrial Average rose by $96.70 compared to the previous trading day, reaching $0.04 million659.76, continuing its increase for the 4th day. The Nasdaq Composite Index was up by 37.224 points to $0.01 million7631.720. On the 19th, the Tokyo stock market is likely to be dominated by selling, with the Nikkei Average possibly taking a breather. Leading stocks have risen by over 3200 yen over the last 5 consecutive weeks, so profit-taking and selling pressure from short-term investors are likely to surface.
Top News
Harris unveils economic policy, including expanded child tax deductions and the construction of 3 million residences.
Vice President of the United States, Kamala Harris, revealed the outline of her economic policy in a speech in Raleigh, North Carolina on the 16th. She proposed significant expansion of child tax deductions, construction of 3 million new residences, and penalties for companies unfairly raising prices. She also warned that the trade policy advocated by former President Donald Trump would push up prices. According to a WP-ABC survey, Harris leads with a support rate of 49% compared to Trump's 45%.
Harris unveils economic policy, including expanded child tax deductions and the construction of 3 million residences.
Vice President of the United States, Kamala Harris, revealed the outline of her economic policy in a speech in Raleigh, North Carolina on the 16th. She proposed significant expansion of child tax deductions, construction of 3 million new residences, and penalties for companies unfairly raising prices. She also warned that the trade policy advocated by former President Donald Trump would push up prices. According to a WP-ABC survey, Harris leads with a support rate of 49% compared to Trump's 45%.
Last week saw a rapid recovery from volatile markets, with strong speculation of an interest rate cut, and all eyes are on Jackson Hole.
The S&P 500 index rose on the 16th, marking a 3.9% increase for the week, the largest since November of last year. Expectations of an interest rate cut are driving this surge. Economic indicators on the 16th showed mixed strengths and weaknesses. The August preliminary University of Michigan Consumer Sentiment Index rose for the first time in 5 months, amidst decreasing inflation. However, the number of housing starts in July fell to the lowest level since May 2020, during the COVID-19 pandemic. Goldman Sachs stated that economic statistics are positive, lowering the probability of a U.S. recession from 25% to 20% (Bloomberg).
The S&P 500 index rose on the 16th, marking a 3.9% increase for the week, the largest since November of last year. Expectations of an interest rate cut are driving this surge. Economic indicators on the 16th showed mixed strengths and weaknesses. The August preliminary University of Michigan Consumer Sentiment Index rose for the first time in 5 months, amidst decreasing inflation. However, the number of housing starts in July fell to the lowest level since May 2020, during the COVID-19 pandemic. Goldman Sachs stated that economic statistics are positive, lowering the probability of a U.S. recession from 25% to 20% (Bloomberg).
The key to the market lies in Jackson Hole. Attention will be on Fed Chair Powell's speech at the annual Economic Symposium of Jackson Hole from August 22-24. It is noted that the "signal for a rate cut" is a condition for continued stock market highs.
関連記事：Key points for this week: Confirming the future US monetary policy stance = Jackson Hole meeting.US University of Michigan Consumer Confidence, up for the first time in 5 months, exceeds expectations.
In August, the University of Michigan in the United States announced a preliminary consumer confidence index of 67.8, up from the previous month's 66.4. It exceeded economist expectations for the first time in 5 months.
US housing starts saw a significant decrease in July, dropping to the lowest level in 4 years and 2 months.
The number of housing starts in July, announced by the US Department of Commerce on the 16th, decreased by 6.8% from the previous month to 1.238 million units on an annualized and seasonally adjusted basis. It was the lowest level since May 2020, significantly below economist expectations.
The number of housing starts in July, announced by the US Department of Commerce on the 16th, decreased by 6.8% from the previous month to 1.238 million units on an annualized and seasonally adjusted basis. It was the lowest level since May 2020, significantly below economist expectations.
US individual stock information
・ $Nike (NKE.US)$ Rising due to an analyst's investment upgrade.
・ $Pfizer (PFE.US)$ Declining as the final trial results of one type of vaccine being jointly developed with BioNTech in Germany did not meet expectations.
・ $Rivian Automotive (RIVN.US)$ Temporarily halting the production of Amazon's delivery electric vans due to a shortage of components, leading to a decline.
・ $Applied Materials (AMAT.US)$ Revenues are in line with market expectations, with a slight drop in after-hours trading.
・ $Nike (NKE.US)$ Rising due to an analyst's investment upgrade.
・ $Pfizer (PFE.US)$ Declining as the final trial results of one type of vaccine being jointly developed with BioNTech in Germany did not meet expectations.
・ $Rivian Automotive (RIVN.US)$ Temporarily halting the production of Amazon's delivery electric vans due to a shortage of components, leading to a decline.
・ $Applied Materials (AMAT.US)$ Revenues are in line with market expectations, with a slight drop in after-hours trading.
Liberal Democratic Party leadership election.
Regarding the LDP general election, it is said that movements will become more active from this week. More than 10 names have been raised as successors to Prime Minister Fumio Kishida (party president), and the battle to secure 20 endorsers is intensifying. On the 20th, the LDP will hold an election management committee to decide on the schedule for the presidential election. There are two options for voting on September 20th and 27th.
With the trend shifting, risk-on is back! Lock onto the seven stocks with astonishing 'profit explosions'
If the Nikkei average temporarily stalls, a torrent of funds will flow into small and medium-sized stocks with outstanding performance changes and solid underlying conditions.
25 stocks with revenue and profit growth under 0.1 million yen and low PEs [Standard] edition <Special feature on undervalued stocks>
There is high interest among individual investors in stocks that can be invested in with small amounts of capital. In the TSE Standard listed companies, there are 833 stocks that can be purchased for less than 0.1 million yen. This time, we focus on stocks that achieved revenue and profit growth in the April-June period of 24, with a PE (price-to-earnings ratio) of less than 10, which is a criterion for identifying undervalued stocks.
On the 16th of last week, a rundown of 'bought stocks!' - What are the stocks of hope leading to today?- Japanese stocks
$Tokyo Electron (8035.JP)$ $Sony Group (6758.JP)$ 、 $Institute for Q-shu Pioneers of Space (5595.JP)$ etc
Regarding the LDP general election, it is said that movements will become more active from this week. More than 10 names have been raised as successors to Prime Minister Fumio Kishida (party president), and the battle to secure 20 endorsers is intensifying. On the 20th, the LDP will hold an election management committee to decide on the schedule for the presidential election. There are two options for voting on September 20th and 27th.
With the trend shifting, risk-on is back! Lock onto the seven stocks with astonishing 'profit explosions'
If the Nikkei average temporarily stalls, a torrent of funds will flow into small and medium-sized stocks with outstanding performance changes and solid underlying conditions.
25 stocks with revenue and profit growth under 0.1 million yen and low PEs [Standard] edition <Special feature on undervalued stocks>
There is high interest among individual investors in stocks that can be invested in with small amounts of capital. In the TSE Standard listed companies, there are 833 stocks that can be purchased for less than 0.1 million yen. This time, we focus on stocks that achieved revenue and profit growth in the April-June period of 24, with a PE (price-to-earnings ratio) of less than 10, which is a criterion for identifying undervalued stocks.
On the 16th of last week, a rundown of 'bought stocks!' - What are the stocks of hope leading to today?- Japanese stocks
$Tokyo Electron (8035.JP)$ $Sony Group (6758.JP)$ 、 $Institute for Q-shu Pioneers of Space (5595.JP)$ etc
foreign exchange
Key Market Events
![[Morning Report] Will there be a signal for a rate cut at Jackson Hole, which holds the key to the market? Mr. Harris announces economic policy.](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240819/1724023497121-bb39b3902c.png/big?area=105&is_public=true)
Source: Dow Jones, MINKABU, Bloomberg, Wealth Advisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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