Outlook for the U.S. market: Stock rally heading towards sell signals = Mr. Hartnett from BofA. The Dow Jones started 23 points higher.

Hello Moomoo users!Tonight's insight on NY stock market.

Market Overview
The U.S. market has started trading, with the Dow Jones Industrial Average, composed of high-quality stocks, starting 23.97 points higher at 39,089.23. The tech-heavy Nasdaq Composite Index started 50.76 points higher at 16,786.79. The S&P 500, consisting of 500 large-cap U.S. stocks, started 13.61 points higher at 5,281.45.

Stock market rally turning into a sell signal, says Hartnett of BofA.
Bank of America Corp.'s strategist, Michael Hartnett, warned that as 71% of stock price indices surpass the 50-day moving average and 200-day moving average, with 88% at extreme levels showing contrarian sell signals, the global stock market rally might be reaching the area of ​​sell signals.
Despite the MSCI All-Country World index hitting record highs due to expectations of a rate cut by the Federal Reserve Board (FRB), and the broadening of the rally beyond US tech giants, Barclays Plc's strategist doubts the possibility of monetary easing due to positive economic data, leading the same index to face a decline for the first time in 5 weeks.

US stocks fall as expectations of an FRB rate cut recede
The first indication of an FRB rate cut recedes among traders, leading US stocks to experience a weekly decline of more than a month. This movement overshadowed Nvidia's sharp rise, impacted stock prices globally on Friday, and raised the dollar and bond yields this week.
In the swap market, expectations are growing that the first FRB rate cut will not take place in November but in December.

The easing of inflation in the US and Europe varies, impacting the outlook for monetary policy - Italy G7 meeting.
- It is expected that US interest rates will remain unchanged for a long period. On the other hand, an ECB rate cut is expected in June. The bifurcation of the world economy led by the strength of the United States presents a key focus at the G7 meeting where the synchronicity of monetary policies faces a potential decline.
- Finance ministers are evaluating the strength of US economic growth in response to the sluggish growth in Europe influenced by geopolitical tensions, considering the impact on financial markets.