US Market Outlook: Stock Market Rise to a Selling Signal = BofA's Hartnett Dow Average Starts at $23 Higher

Good evening to all Moomoo users!This is the reading for tonight's NY stock.

Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose 23.97 dollars to 39089.23 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, began at 16786.79 with a 50.76 point increase. The S&P 500 average, which consists of stocks of 500 large American stocks, is 13.61 points higher at 5281.45.

Are rising stock prices a sell signal = Mr. Hartnett of BofA
● Bank of America Corp. strategist Michael Hartnett warns that while the 71% stock price index exceeds the 50-day moving average and the 200-day moving average, and the 88% limit value indicates a contrarian selling signal, there is a possibility that the rise in the global stock market has reached the region of selling signals.
● Despite the fact that the range of rise has spread beyond the US high-tech giants, such as the MSCI All-Country World Index breaking a record high due to expectations for interest rate cuts by the US Federal Reserve (Fed), questions about the possibility of monetary easing have arisen from strong economic data, and the same index is facing a decline for the first time in 5 weeks, according to Barclays Plc strategists.

The decline in US stocks due to a retreat in observations of Fed rate cuts
● The first observation of interest rate cuts by the US Federal Reserve (Fed) was retreated by traders, and US stocks turned into a weekly decline for the first time in over a month. The move surpassed the impact of NVIDIA's sharp rise, hit stock prices in markets around the world on Friday, and increased the dollar and government bond yields this week.
● In the swap market, there is growing observation that the first rate cut by the Fed will take place in December instead of November.

The decline in inflation in the US and Europe is mixed, and the monetary policy outlook is also affected = Italian G7 meeting
● US interest rates have been left unchanged for a long time. Meanwhile, ECB interest rate cuts are expected in June. The double acceleration of the global economy, driven by the strength of the United States, is an important focus of the G7 meeting in the face of the possibility that the harmonization of monetary policies will decline.
● Finance ministers are evaluating the strength of US economic growth and considering the impact on financial markets in response to the slowdown in European growth affected by geopolitical tension.