Outlook for the US market: Apple's demand is said to be below financial estimates, attention is drawn to the FOMC rate cut and interest rate outlook.

Hello, moomoo users! Here is the NY Stock Market outlook for tonight.

Market Overview
USA market started, with the Dow Inc, which is composed of high-quality stocks, opening at 41.39 dollars higher at 41435.17 dollars, while the high-tech stock-heavy Nasdaq Composite Index started at 110.28 points lower at 17573.70. The S&P 500, composed of the stocks of 500 large-cap companies in the USA, started at a decrease of 10.81 points at 5615.21.

25 basis points or 50 basis points?
●At 03:00 on Thursday of this week, Japan time.The FRB is scheduled to announce economic outlook, FOMC statement, policy interest rates, etc.Press conference scheduled for 03:30.Scheduled.
There is almost a certain expectation that a rate cut will be implemented at the September FOMC, and the focus is on whether the rate cut will be 25bp or 50bp.
Greg Ip, a reporter for WSJ, pointed out that the FRB should cut interest rates by 50bp, and he believes that the current real short-term interest rate is at 3.2% to 3.5%.

Further evolution of OpenAI?
CEO Sam Altman noted that the structure of OpenAI is likely to change and become more like a traditional for-profit company by next year.
OpenAI raised $6.5 billion from investors at a valuation of $150 billion.
A new AI model called "o1" was announced, which demonstrated the logical reasoning and inference ability by completing the code of a doctoral thesis written by Kyle Kabasares, a physics doctorate from UCI, in one hour.

Through self-play RL, o1 was able to acknowledge and correct errors.
The cost of o1 is at least three times that of GPT-4o.

There is a potential disappointment with Apple.
TFI Securities analyst Ming-Chi Kuo stated that iPhone 16 pre-orders are expected to be 37 million units, a 12.7% decrease from the first week of iPhone 15 pre-orders.
The decrease is attributed to lower demand for the iPhone 16 Pro series.

Challenges faced by Intel.
- Intel has reportedly lost a large contract with Sony PS to AMD in 2022.
- Intel has received up to $3.5 billion in funding from the federal government to manufacture advanced chips for military and intelligence purposes.

Summary from an analyst's perspective.
- The Federal Reserve is expected to cut interest rates by 25bps this week, according to Goldman Sachs.
- The Federal Reserve is emphasizing a 50bps rate cut in September, according to JP Morgan.
- Data that stokes fear can potentially influence the Federal Reserve's rate cuts, according to UBS.
Bank of Japan expected to keep rates on hold this week, according to Moody's.