US market outlook: lower than US CPI forecast, slow for 3 consecutive months, and the Dow average starts at 26 dollars lower
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, depreciated 26.18 dollars to 39695.18 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 18659.25 with an 11.80 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, rose 1.30 points to 5635.21.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, depreciated 26.18 dollars to 39695.18 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 18659.25 with an 11.80 point increase. The S&P 500 average, which consists of stocks of 500 major US companies, rose 1.30 points to 5635.21.
Top news
The US June CPI was negative month-on-month for the first time in about 4 years, and both the overall and core indices fell short of expectations
The US Bureau of Labor Statistics made the announcementUS Consumer Price Index (CPI) for JuneIs3.0% increase from previous year、It fell below market expectations of 3.1% and fell sharply to a low level since June last year.The previous quarter was up 3.3%.
What is the month-on-month ratio0.1% decline、Below market expectations of 0.1%、Negative since May 2020It became. The first semester was flat.
The US Bureau of Labor Statistics made the announcementUS Consumer Price Index (CPI) for JuneIs3.0% increase from previous year、It fell below market expectations of 3.1% and fell sharply to a low level since June last year.The previous quarter was up 3.3%.
What is the month-on-month ratio0.1% decline、Below market expectations of 0.1%、Negative since May 2020It became. The first semester was flat.
June US CPI slowed more than expected, and government bond yields plummeted
● Swap agreements include at least 2 Fed rate cuts by the end of the year
● Swap agreements include at least 2 Fed rate cuts by the end of the year
● 2-year government bond yields fell to their lowest level since March
Nvidia's nemesis Groq has acquired 0.3 billion dollar investment from BlackRock! The latest valuation is 2.2 billion dollars
● According to a new report from The Information, $NVIDIA(NVDA.US$ Groq, a rival of, is expected to complete the 0.3 billion dollar funding round led by BlackRock within the next 2 weeks, and the company's valuation will be 2.2 billion dollars. This is double the 2021 valuation of 1.1 billion dollars led by Tiger Global Management and D1 Capital.
● $Alphabet-C(GOOG.US$ Groq, founded by Jonathan Ross, one of the inventors of its own NPU chip, released a demo video in February showing that its AI chip can execute LLM in an instant. Since then, Groq has received a lot of attention from developers. This speed is particularly appealing to AI developers who are struggling to obtain or buy NVIDIA's expensive GPUs.
● According to a new report from The Information, $NVIDIA(NVDA.US$ Groq, a rival of, is expected to complete the 0.3 billion dollar funding round led by BlackRock within the next 2 weeks, and the company's valuation will be 2.2 billion dollars. This is double the 2021 valuation of 1.1 billion dollars led by Tiger Global Management and D1 Capital.
● $Alphabet-C(GOOG.US$ Groq, founded by Jonathan Ross, one of the inventors of its own NPU chip, released a demo video in February showing that its AI chip can execute LLM in an instant. Since then, Groq has received a lot of attention from developers. This speed is particularly appealing to AI developers who are struggling to obtain or buy NVIDIA's expensive GPUs.
This year's strongest commodity
●Morgan Stanley analysts expect demand to exceed supply in 2024, and the silver shortage will expand further. In particular, demand for solar power generation and jewellery products is expected to recover moderately, and outflows of ETFs will decrease. Since the beginning of this year, it has been the largest silver ETF company $iShares Silver Trust(SLV.US$ Both and spot silver have recorded a 30% rise. Also, silver ETFs are traded at 28.16 dollars, and spot silver is traded at 31.02 dollars.
●Morgan Stanley analysts believe that in a bullish scenario, silver will rise further 25.8% to reach $39.
●Morgan Stanley analysts expect demand to exceed supply in 2024, and the silver shortage will expand further. In particular, demand for solar power generation and jewellery products is expected to recover moderately, and outflows of ETFs will decrease. Since the beginning of this year, it has been the largest silver ETF company $iShares Silver Trust(SLV.US$ Both and spot silver have recorded a 30% rise. Also, silver ETFs are traded at 28.16 dollars, and spot silver is traded at 31.02 dollars.
●Morgan Stanley analysts believe that in a bullish scenario, silver will rise further 25.8% to reach $39.
As long as interest rates fall, the returns are astounding!” = Katy Wood
●ARK's Kathy Woods defended the fund's losses in a letter to investors in the second quarter and stated that if interest rates fall, the fund's fate will be reversed.
●In that letter, he wrote that he is fully aware that “the macro environment and some stock selections have had an impact on recent performance.” Nevertheless, “our belief and commitment to investing in disruptive innovation remains unwavering,” he added.
●ARK's Kathy Woods defended the fund's losses in a letter to investors in the second quarter and stated that if interest rates fall, the fund's fate will be reversed.
●In that letter, he wrote that he is fully aware that “the macro environment and some stock selections have had an impact on recent performance.” Nevertheless, “our belief and commitment to investing in disruptive innovation remains unwavering,” he added.
— MooMoo News Zeber
Source: moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: 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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