On the 18th, the US stock market experienced a significant decline. It has been the first time since August that all 3 indices dropped by more than 2%. The Dow Jones Industrial Average has been declining for 10 consecutive trading days. With the Federal Open Market Committee (FOMC) results pending, cautious sentiment increased. The market opened with mixed reactions after the initial trading. While the Dow average saw some buying interest in some key stocks, leading to an increase, the Nasdaq started with a slight decline. As expected, the key policy interest rate was reduced by 0.25% at the FOMC meeting, but the disappointment stemmed from the decrease in the projected number of rate cuts for the year 2025 compared to previous expectations, leading to the decline. Subsequently, as long-term interest rates increased, the selling pressure expanded, resulting in a broader decline at the close.
On the 19th, the Tokyo stock market is expected to see a widespread sell-off, particularly in key stocks, with a high possibility of a significant decline in the Nikkei Stock Average.
さる歩き : In the past two months or so, the asset effect of cryptocurrencies alone has exceeded 200 trillion yen, while in the US stock market, AVGO rose by about 40% in just two days, creating an asset effect of about 50 trillion yen. Is there no way the US economy could deteriorate?