US Market Outlook: Is the US Recession Imminent? Fear Index (VIX) rose over 13% at one point! “Mag 7,” including NVIDIA, also plummeted, and amid a sharp decline in US bond yields for each year period, the dollar yen split 148 yen
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 40075.33 dollars with a depreciation of 272.64 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell by 413.70 points at 16780.45. The S&P 500 average, which consists of stocks of 500 large US stocks, depreciated 70.05 points to 5376.63.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 40075.33 dollars with a depreciation of 272.64 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell by 413.70 points at 16780.45. The S&P 500 average, which consists of stocks of 500 large US stocks, depreciated 70.05 points to 5376.63.
Top news
US employment statistics, the unemployment rate, which is lower than market expectations due to a 0.114 million increase in workers in July, also rose contrary to expectations
●Of July in the USThe number of people employed in the non-farm sector increased by 0.114 million, and is expected to increase by 0.175 millionThere was an increase of 0.179 million people in the previous fiscal year.
● The US unemployment rate for July is 4.30%, the forecast is 4.10%, and the previous fiscal year is 4.10%.The unemployment rate rose contrary to expectationsI did it. The overheating has already subsided, and there are signs that employment is cooling down. The yield of US bonds falls sharply with each year (bond prices rise rapidly), $U.S. 2-Year Treasury Notes Yield(US2Y.BD$It fell below 4% for the first time in about 1 year and 3 months.
●Of July in the USThe number of people employed in the non-farm sector increased by 0.114 million, and is expected to increase by 0.175 millionThere was an increase of 0.179 million people in the previous fiscal year.
● The US unemployment rate for July is 4.30%, the forecast is 4.10%, and the previous fiscal year is 4.10%.The unemployment rate rose contrary to expectationsI did it. The overheating has already subsided, and there are signs that employment is cooling down. The yield of US bonds falls sharply with each year (bond prices rise rapidly), $U.S. 2-Year Treasury Notes Yield(US2Y.BD$It fell below 4% for the first time in about 1 year and 3 months.
Concerns about high tech
● Another cause of sluggish stock prices is poor performance of major US high-tech companies.
● $Amazon(AMZN.US$ The disappointing financial results of $Intel(INTC.US$In response to sluggish sales reports, traders are questioning whether returns from artificial intelligence are worth the costs.
● $Apple(AAPL.US$It predicted that new artificial intelligence functions would spur iPhone upgrades in the next few months, but it also pointed out poor performance in China. All three companies fell due to pre-market trading.
●Related articles:
[Financial Summary] Amazon falls due to overtime trading “red light” for profit due to expansion of AI investment
[Financial Results Summary] Apple's increase in sales and profit also fell overtime due to China's struggle. What are the future prospects?
Intel also announced dividend suspensions and large-scale personnel cuts where the sales forecast is 20% lower than expected outside of settlement time
● Another cause of sluggish stock prices is poor performance of major US high-tech companies.
● $Amazon(AMZN.US$ The disappointing financial results of $Intel(INTC.US$In response to sluggish sales reports, traders are questioning whether returns from artificial intelligence are worth the costs.
● $Apple(AAPL.US$It predicted that new artificial intelligence functions would spur iPhone upgrades in the next few months, but it also pointed out poor performance in China. All three companies fell due to pre-market trading.
●Related articles:
[Financial Summary] Amazon falls due to overtime trading “red light” for profit due to expansion of AI investment
[Financial Results Summary] Apple's increase in sales and profit also fell overtime due to China's struggle. What are the future prospects?
Intel also announced dividend suspensions and large-scale personnel cuts where the sales forecast is 20% lower than expected outside of settlement time
Questions about the Federal Reserve
● The current crash reflects concerns that the Federal Reserve (Fed) will cut interest rates for too long.
● Traders currently expect the Federal Reserve (Fed) to cut interest rates by 25% bp (basis points) for 3 consecutive times in September, November, and December. Also, the market sees that there is a 30% or more possibility that one of these will cut interest rates by 50 bp.
● Treasury bonds have greatly benefited from this scenario, rising for the 7th day in a row on Friday.
● The current crash reflects concerns that the Federal Reserve (Fed) will cut interest rates for too long.
● Traders currently expect the Federal Reserve (Fed) to cut interest rates by 25% bp (basis points) for 3 consecutive times in September, November, and December. Also, the market sees that there is a 30% or more possibility that one of these will cut interest rates by 50 bp.
● Treasury bonds have greatly benefited from this scenario, rising for the 7th day in a row on Friday.
Japan's unrest
● Japan has suffered a lot of damage due to market turmoil.
● $TOPIX(.TOPIX.JP$The biggest drop since the 2011 tsunami was recorded over 2 days, completely reversing from the record high recorded in July.
● This move comes after the Bank of Japan implemented interest rate hikes that exceeded expectations on Wednesday, and Governor Kazuo Ueda sent a hawkish message. The appreciation of the dollar $Honda Motor(HMC.US$Export companies, including those, were hit, and yield increases $Mitsui Fudosan (ADR)(MTSFY.US$ It is holding back real estate companies such as.
●Related articles:[Tokyo Market Summary] Nikkei Average depreciation of 2216 yen, second-place decline in history Triple shock hitting Japanese stocks
● Japan has suffered a lot of damage due to market turmoil.
● $TOPIX(.TOPIX.JP$The biggest drop since the 2011 tsunami was recorded over 2 days, completely reversing from the record high recorded in July.
● This move comes after the Bank of Japan implemented interest rate hikes that exceeded expectations on Wednesday, and Governor Kazuo Ueda sent a hawkish message. The appreciation of the dollar $Honda Motor(HMC.US$Export companies, including those, were hit, and yield increases $Mitsui Fudosan (ADR)(MTSFY.US$ It is holding back real estate companies such as.
●Related articles:[Tokyo Market Summary] Nikkei Average depreciation of 2216 yen, second-place decline in history Triple shock hitting Japanese stocks
— MooMoo News Zeber
Source: moomoo, Bloomberg, MINKABU
This article uses automatic translation for some of its parts
Source: moomoo, Bloomberg, MINKABU
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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