Outlook for the US market: Is it finally time for a rate cut cycle? S&P 500 starts 7 points higher.
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Here is the forecast for the NY stock market tonight.![]()
Market Overview
The US market started, with the Dow Jones Industrial Average, which consists of excellent stocks, starting at 41,628.91, up $22.73. The Nasdaq Composite Index, with a high proportion of high-tech stocks, started at 17,663.38, up 35.32 points. The S&P 500 Index, which consists of 500 large cap stocks in the US, was up 7.10 points at 5,641.68.
The US market started, with the Dow Jones Industrial Average, which consists of excellent stocks, starting at 41,628.91, up $22.73. The Nasdaq Composite Index, with a high proportion of high-tech stocks, started at 17,663.38, up 35.32 points. The S&P 500 Index, which consists of 500 large cap stocks in the US, was up 7.10 points at 5,641.68.
Top News
Finally, interest rate cut.
●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.It is planned to be conducted.
More important than whether interest rates are lowered is the extent of the interest rate cut. The focal point isDot ChartandRemarks by Chairman Powell.
●Ray Dalio, founder of Bridgewater Associates, points out that this week's interest rate cut will not be a dramatic change for investors.
Daniel Ivascyn of PIMCO stated that the bond market has already priced in the interest rate cut too much, and there is a high risk if inflation rekindles.
Related articles
【FOMC Preview】Is there a high possibility of a 50 basis point rate cut? What are the key points to watch for at the FOMC?
●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.It is planned to be conducted.
More important than whether interest rates are lowered is the extent of the interest rate cut. The focal point isDot ChartandRemarks by Chairman Powell.
●Ray Dalio, founder of Bridgewater Associates, points out that this week's interest rate cut will not be a dramatic change for investors.
Daniel Ivascyn of PIMCO stated that the bond market has already priced in the interest rate cut too much, and there is a high risk if inflation rekindles.
Related articles
【FOMC Preview】Is there a high possibility of a 50 basis point rate cut? What are the key points to watch for at the FOMC?
Is Bitcoin Bullish?
Hedge fund manager Anthony Scaramucci expects record highs against the backdrop of the presidential election and rate cuts in November.Clarification of US cryptocurrency regulations.With potential financial estimates leading to historical highs. $Bitcoin (BTC.CC)$Predicted to update all-time highs.
The new Republican policy platform includes initiatives to support cryptocurrencies.
Harris's advisor suggested supporting measures to promote growth in the crypto industry while maintaining protective measures.
Hedge fund manager Anthony Scaramucci expects record highs against the backdrop of the presidential election and rate cuts in November.Clarification of US cryptocurrency regulations.With potential financial estimates leading to historical highs. $Bitcoin (BTC.CC)$Predicted to update all-time highs.
The new Republican policy platform includes initiatives to support cryptocurrencies.
Harris's advisor suggested supporting measures to promote growth in the crypto industry while maintaining protective measures.
The future of high tech
●The EU court has revoked the fine imposed on Google.
●JP Morgan is in negotiations to partner with Apple for credit cards.
● Sergio Letelier of HPE points out that Big Tech is at a crossroads in the presidential election.
● Both parties have not clearly defined the direction of their policies, and there is a possibility that the regulatory environment may change due to the election.
●The EU court has revoked the fine imposed on Google.
●JP Morgan is in negotiations to partner with Apple for credit cards.
● Sergio Letelier of HPE points out that Big Tech is at a crossroads in the presidential election.
● Both parties have not clearly defined the direction of their policies, and there is a possibility that the regulatory environment may change due to the election.
Is the winter of memory coming?
Morgan Stanley believes that the competitiveness of SK Hynix's DRAM is weakening, and there is a possibility of oversupply of HBM.
Morgan Stanley has downgraded the rating of SK Hynix from 'Overweight' to 'Underweight' and also lowered the target stock price.
HBM3 is currently in a state of oversupply, and the demand is rapidly shifting to HBM3e.
High Bandwidth Memory (HBM) is an important source of revenue for SK Hynix. $Micron Technology (MU.US)$ for SK Hynix.
Morgan Stanley believes that the competitiveness of SK Hynix's DRAM is weakening, and there is a possibility of oversupply of HBM.
Morgan Stanley has downgraded the rating of SK Hynix from 'Overweight' to 'Underweight' and also lowered the target stock price.
HBM3 is currently in a state of oversupply, and the demand is rapidly shifting to HBM3e.
High Bandwidth Memory (HBM) is an important source of revenue for SK Hynix. $Micron Technology (MU.US)$ for SK Hynix.
-moomoo News Citron
This article is partially translated using auto-translation.
This article is partially translated using auto-translation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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