Market Overview
On the 13th, the U.S. stock market continued to rise. The Dow Jones Industrial Average closed at 41,393.78, up 297.01 points, and the Nasdaq closed at 17,683.98, up 114.30 points. The rise continued after the opening due to continued buying on expectations of a rate cut. The September University of Michigan Consumer Confidence Index improved more than expected, leading to increased buying on expectations of a soft landing, and the market continued to rise. Speculation of a more aggressive rate cut intensified following comments from former Federal Reserve Board (FRB) officials, and the rise in semiconductor Nvidia (NVDA) further supported the market, leading to an expansion of gains towards the end of the session. In terms of sectors, durable consumption goods and apparel rose, while real estate and management development fell. The Tokyo stock market was closed on the national holiday of Respect for the Aged Day.
ZANKA : 0,5% is tough
reaclow : 0.5? No way. There is no need to decrease to that extent based on the previous indicators.
大負けネコ(HYPER) : Hello.
️ drastic interest rate cut = 0.50%” is deplorable.
️”
Long-term interest rate cut = 0.50%, and the current situation where not only “speculators inducing yen appreciation in exchange rates” but also “stock market participants” are indicating “American long-term interest rate
As a “weak individual investor myself,” I plan to “intercept” the bulls by “selling some stocks at profit & loss cutting” early this week and “generating and waiting for surplus funds.”
After all, similar to past cases, “the second bottom has come” is also about endurance warfare.
Incidentally, I want to steadily “utilize the appreciation of yen ⇒ continue dollar foreign exchange reserve deposits little by little” and prepare for the “time of counterattack” that will eventually come.
Someday “opportunities will always come