US market outlook: NVIDIA has risen 5 times in a row, while market response to US CPI, which continues to slow down, is limited
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose by 34.95 dollars to 39800.59 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 40.03 points to 17227.64. The S&P 500 average, which consists of stocks of 500 major US companies, is 7.93 points higher to 5442.36.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose by 34.95 dollars to 39800.59 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 40.03 points to 17227.64. The S&P 500 average, which consists of stocks of 500 major US companies, is 7.93 points higher to 5442.36.
Top news
The US July CPI rose 2.9% from the previous year and fell short of market expectations, and there is a possibility that the September interest rate cut observations will intensify
●US Consumer Price Index (CPI) for JulyIs2.9% increase from previous year、The market forecast is 3.0%.
● Excluding energy and foodCore Consumer Price Index (CPI) for JulyIs3.2% increase from previous year、The market forecast is 3.2%.
● As expected, it rose 0.2% compared to the previous month, which indicates instantaneous wind speed of inflationary momentum. There was a 0.1% drop in June.
●US Consumer Price Index (CPI) for JulyIs2.9% increase from previous year、The market forecast is 3.0%.
● Excluding energy and foodCore Consumer Price Index (CPI) for JulyIs3.2% increase from previous year、The market forecast is 3.2%.
● As expected, it rose 0.2% compared to the previous month, which indicates instantaneous wind speed of inflationary momentum. There was a 0.1% drop in June.
FRB routes
● The big question for bond traders is whether the current data will reinforce the acceleration of the US Federal Reserve (Fed) rate cuts.
● Traders are divided on whether the central bank will choose a 1/4 point reduction or a half point reduction in September, and they assume an easing of 36 basis points in swaps.
● Overall, it seems that interest rate cuts by about 1 percentage point will be implemented in the remaining few months of 2024.
● The big question for bond traders is whether the current data will reinforce the acceleration of the US Federal Reserve (Fed) rate cuts.
● Traders are divided on whether the central bank will choose a 1/4 point reduction or a half point reduction in September, and they assume an easing of 36 basis points in swaps.
● Overall, it seems that interest rate cuts by about 1 percentage point will be implemented in the remaining few months of 2024.
Was the sharp drop in US stocks at the beginning of the month a “surprise” or not?
● Angelo Kourkafas, senior investment strategist at Edward Jones, stated that expectations of interest rate cuts are still driving up the market despite the risk of a recession in the US economy, and Mr. Kourkafas stated that he saw that the market almost completely factored in the US entering an easing cycle. Mr. Kourkafas said that the market sees that the US will enter an easing cycle almost completely, and based on expectations that the Fed will cut interest rates next month, the market responded positively, US bond yields declined, and US stocks rose.
● Dissenting analysts argue that inflation is still sticky and that there is still room for decline in US stocks. Stiffel's Barry Bannister says that although stock prices have recovered from their decline to some extent, vigilance is still necessary. Bannister argues that inflation, which is “more sticky than expected,” will trigger further stock depreciation. He believes that “higher-than-expected” inflation will trigger a further decline in the stock market. $S&P 500 Index (.SPX.US)$ It is predicted that it will be reduced by about 10% from its most recent high by the 3rd quarter, and it will reach 5,000 units.
● Angelo Kourkafas, senior investment strategist at Edward Jones, stated that expectations of interest rate cuts are still driving up the market despite the risk of a recession in the US economy, and Mr. Kourkafas stated that he saw that the market almost completely factored in the US entering an easing cycle. Mr. Kourkafas said that the market sees that the US will enter an easing cycle almost completely, and based on expectations that the Fed will cut interest rates next month, the market responded positively, US bond yields declined, and US stocks rose.
● Dissenting analysts argue that inflation is still sticky and that there is still room for decline in US stocks. Stiffel's Barry Bannister says that although stock prices have recovered from their decline to some extent, vigilance is still necessary. Bannister argues that inflation, which is “more sticky than expected,” will trigger further stock depreciation. He believes that “higher-than-expected” inflation will trigger a further decline in the stock market. $S&P 500 Index (.SPX.US)$ It is predicted that it will be reduced by about 10% from its most recent high by the 3rd quarter, and it will reach 5,000 units.
NVIDIA Seeks Data Center Cooling Method
Rice handles semiconductors for artificial intelligence (AI) $NVIDIA (NVDA.US)$ The latest innovation has nothing to do with bits or bytes. It relates to liquids.
Rice handles semiconductors for artificial intelligence (AI) $NVIDIA (NVDA.US)$ The latest innovation has nothing to do with bits or bytes. It relates to liquids.
The state of inflation in the UK
● The United Kingdom released its inflation report today.
● The headline inflation rate rose to 2.2%, which was lower than expected, but troublesome service indicators fell the most in the past year.
● The pound depreciated in response to this data, and investors strengthened their observations that the Bank of England would cut borrowing costs 2 more times during this year.
● The United Kingdom released its inflation report today.
● The headline inflation rate rose to 2.2%, which was lower than expected, but troublesome service indicators fell the most in the past year.
● The pound depreciated in response to this data, and investors strengthened their observations that the Bank of England would cut borrowing costs 2 more times during this year.
Reserve Bank of New Zealand (RBNZ) cuts interest rates unexpectedly for the first time in 4 years
● The Reserve Bank of New Zealand cut interest rates from 5.5% to 5.25% for the first time since March 2020.
● RBNZ said inflation is close to target and monetary tightening has eased. New Zealand's consumer price inflation rate is slowly returning to within the target range of 1% to 3% set by the Monetary Policy Committee.
● The Reserve Bank of New Zealand cut interest rates from 5.5% to 5.25% for the first time since March 2020.
● RBNZ said inflation is close to target and monetary tightening has eased. New Zealand's consumer price inflation rate is slowly returning to within the target range of 1% to 3% set by the Monetary Policy Committee.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, CME FedWatch, Dow Jones
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, CME FedWatch, Dow Jones
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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HONDA N-ONE : Whether it's this CPI or whatever, how accurately does the index that will be announced represent market trends
Forecast 3.0 announced 2.9
How much of a difference is there in this difference
How accurate are predictions
Isn't it an aspiration in the first place
Isn't the 0.1 difference an error
Moreover, I can only think that there is something wrong with the market being swayed by this trivial difference