US Market Outlook: Focus on US CPI and FOMC The Dow Average starts at a lower price of $14
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38784.90 dollars with a depreciation of 14.09 dollars, and the Nasdaq Comprehensive Stock Price Index, which has a high high-tech stock ratio, fell by 49.68 points at 17083.45. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 5.77 points to 5341.22.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38784.90 dollars with a depreciation of 14.09 dollars, and the Nasdaq Comprehensive Stock Price Index, which has a high high-tech stock ratio, fell by 49.68 points at 17083.45. The S&P 500 average, which consists of stocks of 500 large American stocks, depreciated 5.77 points to 5341.22.
Top news
US employment statistics for May are expected to be revised downward
● While the number of workers in the non-farm sector increased more than market expectations according to the US employment statistics for May, the unemployment rate deteriorated slightly from 3.9% in April to 4%.
● The Ministry of Labor stated in a press release that these two figures are from separate monthly surveys. The unemployment rate for the same month of the previous year was 3.7%, and it is said that the number of unemployed people increased from 6.1 million in the same month of the previous year to 6.6 million.
● While the number of workers in the non-farm sector increased more than market expectations according to the US employment statistics for May, the unemployment rate deteriorated slightly from 3.9% in April to 4%.
● The Ministry of Labor stated in a press release that these two figures are from separate monthly surveys. The unemployment rate for the same month of the previous year was 3.7%, and it is said that the number of unemployed people increased from 6.1 million in the same month of the previous year to 6.6 million.
The New York Federal Reserve lost its “street corner credit”
● The New York Federal Reserve has retired many senior managers, and is concerned about their severity and decline in “dignity.” Historically, the New York Federal Reserve has played an important role in steering the financial system through crises.
● Currently, it plays a role in drawing out liquidity, and since the US Treasury will run out of legal borrowing authority next year, it will be important to detect signs of potential confusion at an early stage.
● The New York Federal Reserve has retired many senior managers, and is concerned about their severity and decline in “dignity.” Historically, the New York Federal Reserve has played an important role in steering the financial system through crises.
● Currently, it plays a role in drawing out liquidity, and since the US Treasury will run out of legal borrowing authority next year, it will be important to detect signs of potential confusion at an early stage.
Rice, the number of people who think “there is no job” is increasing
● In the US, the increase in the number of workers in May greatly exceeded expectations, but the number of people who think they have no jobs is increasing.
● According to the latest data from the U.S. Bureau of Labor Statistics (BLS), the number of people who lost motivation to seek employment in May increased from 362,000 in April to 462,000. Meanwhile, the number of workers in the non-farm sector increased by 272,000 from the previous month, exceeding economists' expectations (190,000 increase).
● In the US, the increase in the number of workers in May greatly exceeded expectations, but the number of people who think they have no jobs is increasing.
● According to the latest data from the U.S. Bureau of Labor Statistics (BLS), the number of people who lost motivation to seek employment in May increased from 362,000 in April to 462,000. Meanwhile, the number of workers in the non-farm sector increased by 272,000 from the previous month, exceeding economists' expectations (190,000 increase).
Rapid rise in housing costs
● While the economy as a whole is being hit by high inflation, expenses such as taxes, insurance premiums, utility bills, etc. have increased rapidly, so the cost of owning a home has increased 26% in the United States since 2020.
● A survey on the personal financial site “Bankrate” revealed that the total average annual expenditure amount (excluding mortgages) for owning and maintaining a typical single-family house rose to 18,118 dollars as of March.
● While the economy as a whole is being hit by high inflation, expenses such as taxes, insurance premiums, utility bills, etc. have increased rapidly, so the cost of owning a home has increased 26% in the United States since 2020.
● A survey on the personal financial site “Bankrate” revealed that the total average annual expenditure amount (excluding mortgages) for owning and maintaining a typical single-family house rose to 18,118 dollars as of March.
Apple's AI push
● $Apple(AAPL.US$ It was an early pioneer of AI, but since ChatGPT and other cutting-edge technologies appeared in the past 2 years, it is seen that it has lagged behind.
● At the developer conference to be held on Monday, it will be shown whether Apple can become a major player in this field. In the keynote speech, Apple is expected to show off a series of functions called Apple Intelligence.
● $Apple(AAPL.US$ It was an early pioneer of AI, but since ChatGPT and other cutting-edge technologies appeared in the past 2 years, it is seen that it has lagged behind.
● At the developer conference to be held on Monday, it will be shown whether Apple can become a major player in this field. In the keynote speech, Apple is expected to show off a series of functions called Apple Intelligence.
The memory industry's “super cycle” will have an “unprecedented” supply-demand imbalance in 2025 = Morgan Stanley
● Morgan Stanley said in a Thursday report that memory will face an “unprecedented” supply-demand imbalance and a rise in memory prices.
● It was pointed out that the capital investment amount of the industry in the current cycle is much lower than the amount required to maintain capacity compared to the past, and capacity has decreased since the 3rd quarter of 2022. This lack of investment is occurring at a time when the memory supply chain is rapidly transitioning to HBM. HBM requires twice as much wafer capacity per bit as normal DRAM, and production yields are also low.
● While HBM's market share will expand by 2025, it is predicted that supply shortages in the overall market will become more pronounced.
● Morgan Stanley said in a Thursday report that memory will face an “unprecedented” supply-demand imbalance and a rise in memory prices.
● It was pointed out that the capital investment amount of the industry in the current cycle is much lower than the amount required to maintain capacity compared to the past, and capacity has decreased since the 3rd quarter of 2022. This lack of investment is occurring at a time when the memory supply chain is rapidly transitioning to HBM. HBM requires twice as much wafer capacity per bit as normal DRAM, and production yields are also low.
● While HBM's market share will expand by 2025, it is predicted that supply shortages in the overall market will become more pronounced.
— MooMoo News Zeber
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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