[Morning Report] The S&P 500 broke through 5000 and there is a sense of overheating due to unipolar concentration, and there doesn't seem to be a significant rise in yen searching for the next leading role, due to outflows of funds and progressive interest rate hikes

Market Overview
On the 9th, the Dow Jones Industrial Average ended at 38671.69 dollars, down 54.64 dollars. The Nasdaq Composite Stock Price Index, which has a high tech stock ratio, ended at 15990.66, up 196.95 points. Today's Tokyo Stock Exchange is closed in lieu of National Foundation Day.

Top news
S&P 500 breaks through 5000, unipolar concentration, and searches for the next leading role
The S&P 500 stock price index, which is the main stock price index of the United States, broke through 5000 for the first time in history on the 9th. The pattern where a handful of companies, such as the giant high-tech 7 brand “Magnificent Seven (MAG7),” lead the market price continues. The index showing a sense of overheating is high for the first time in 22 years due to the unipolar concentration of money, and a sense of caution also rises. The search for the next growth stock has begun.
RELATED ARTICLES
Rapid rise in US stocks, close to inducing a sell signal - Mr. Hartnett of BoFA
The unstoppable rise of the S&P 500 has no strategy in sight for high-profile investors

Wall Street is also an unexpectedly good scenario - profit forecasts, upward revisions one after another
According to Bloomberg Intelligence (BI) data until the afternoon of the 9th, out of the S&P 500 constituent stocks, $Amazon (AMZN.US)$Ya $Meta Platforms (META.US)$The performance of about 80% of companies that finished announcing financial results, etc., improved unexpectedly. This ratio is above the 10-year average of 74%. Energy, IT (information technology), and daily necessities are leading the way.
RELATED ARTICLES
Five US tech companies increase net profit by 50% AI will influence future results
Bezos sells Amazon shares worth $2 billion — since '21

Tesla earns a total of 9 billion dollars from struggling competition in EV sales - emissions quota sales are still going strong
American electric vehicle (EV) manufacturer, $Tesla (TSLA.US)$is still making a profit by selling greenhouse gas emission quotas (credits) to other manufacturers that struggle to comply with the requirements of exhaust gas regulations. It is a business where Tesla itself anticipated tapering, but there is also a possibility that further room for growth can be expected.
RELATED ARTICLES
Musk's Neuralink transfers registration from Delaware to Nevada

Atlanta Federal Reserve Governor Says He Is “Intensely Concentrating” on Lowering Inflation Rate to 2%
President Bostic said on Atlanta radio station WABE, “Prices have risen rapidly. We won't be able to improve at such a pace from now on. It is possible that the pace will return as time passes, and that will happen,” he said. “We have to be sure that the inflation rate will drop to the 2% we aim for. That's why I'm intensely focused on that point,” he said. Bostick says the US economy is “following a path back” to the strong state before the COVID-19 pandemic. “Just don't stray from course. We must have determination and make it through to the end without fail,” he said.
RELATED ARTICLES
Dallas Fed President Says FRB Needs to Take Time to Scrutinize Data

There doesn't seem to be a significant rise in yen due to outflows of funds and progressive interest rate hikes - Deutsche Bank
Deutsche Bank pointed out in a report for customers on the 9th that unless the United States falls into a recession (economic recession), it is unlikely that the yen will “turn upward in a meaningful way.” The reasons were the large outflow of funds to foreign bonds and stocks, and the Bank of Japan's “progressive” approach to interest rate hikes.

Search for biotechnology that accelerates the sorting of bariatric drug-related strains, and confectionery hits
Along with the spread of obesity treatment drugs, the selection of related stocks has become active in the global stock market. $Novo-Nordisk A/S (NVO.US)$Ya $Eli Lilly and Co (LLY.US)$Searching spread to biotechnology companies to find the “third” after, and in Japan due to expectations of an increase in demand for materials $Osaka Soda (4046.JP)$The stock price increased rapidly. Meanwhile, one corner of confectionery and medical device manufacturers is wary of a decline in sales, and stock depreciation is conspicuous. There is also a part where investors' speculations take precedence in the background of drastic price movements, so it is necessary to accurately determine the impact on business results.
RELATED ARTICLES
Obesity drug gold rush 1 billion people market chases Novo Lilly

30% of major stocks with a “barrier to investment” in Japanese stocks have liquidity issues
The Nikkei Stock Average rose to 36,897 yen the previous weekend, and it was close to 2018 yen until the highest price set at the end of 1989. Overseas investors, who are the driving forces, expect more than just an expansion in corporate performance and an increase in shareholder returns. It is the elimination of the hidden “barriers that prevent investment” created by the long-term slump in Japanese stocks. Bruce Kirk, chief Japanese stock strategist at Goldman Sachs Securities, discussed with more than 70 investors in Hong Kong in late January and realized that they were struggling with the “shortcomings” of Japanese stocks. “Overseas investors who have begun to look at Japanese stocks anew are facing the issue that there are actually not many stocks with high liquidity.”

Fujitsu's contract amount with the British government exceeds 640 billion yen - even after finding a relationship with a false charge
$Fujitsu (6702.JP)$It is in the midst of a major misdemeanor (misdemeanor) scandal involving the British Post Office, but contract amounts from 2019 onwards with British government agencies such as the Bank of England (British Central Bank) have exceeded 3.4 billion pounds (about 640 billion yen).

Government investment banks invest 150 billion yen to strengthen supply networks in semiconductors and storage batteries
The Development Bank of Japan will concentrate investment of 150 billion yen or more in strengthening the domestic supply chain (supply network) of semiconductors, storage batteries, etc. for 2 years from fiscal 2024. Risk money is supplied to industries that are important in terms of economic security by investing in capital and underwriting subordinated bonds, and support the strengthening of Japan's competitiveness.

Tokyo Stock Exchange Rate Forecast
Domestic market closed (substitute holiday for National Foundation Day)

Foreign substitutes