US market outlook: US October CPI, surprise Dow average, which is closer to pigeons, starts at 243 dollars higher

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US October CPI, surprise for pigeons, fell below market expectations due to a 3.2% increase from the previous year, and the core index rose 4% from the same period
The US CPI for October fell short of expectations for both overall and core. The overall CPI rose 3.2% from the previous year, fell below market expectations of 3.3%, and remained in the 3% range for 5 consecutive months. It slowed down from 3.7% in September against the backdrop of falling gasoline prices. It remained flat from the previous month (0.0%) and fell below market expectations of 0.1%, making it the lowest level since 2022/7. According to CME Group data, traders have almost ruled out the possibility of a Fed rate hike. The market also moved ahead of schedule from June to March before announcing when the Fed's interest rate cuts would begin.

Bullish rush on bonds, same as 2009 - Bank of America survey
According to Bank of America (BoFA)'s latest fund manager survey, investors turned bullish on bonds since the global financial crisis from “strong conviction” that interest rates would fall in 2024. According to monthly surveys, investors have reduced cash allocations and built the largest overweight positions in bonds since 2009.

Yellen disputes Moody's rating outlook - argues that US bonds are safe
US Treasury Secretary Yellen said on the 13th that Moody's Investors Service did not agree with the fact that the US credit rating outlook was changed to “negative (weak),” and expressed confidence in the US economy and US bonds as safe assets. Moody's currently uses the US rating as “AAA,” which is the highest level.

PepsiCo's momentum to surpass Coca-Cola in terms of market capitalization, and snacks are doing well
$PepsiCo(PEP.US)$Is $Coca-Cola(KO.US)$Instead, it is gaining momentum to reign over the position of the largest beverage company in the United States in terms of market capitalization. Wall Street analysts point it out. Mr. Kaumil Gajarawala of Jeffries started with PepsiCo's investment decision “buy,” and calls the company “the most durable business” in this sector. It is predicted that the stock price will rise 20% or more over the next year to 203 dollars, and the total market value will reach about 279 billion dollars. In contrast to this, the total market value suggested by Coca-Cola's target stock price (64 dollars) to which he grants “hold” investment decisions is about 277 billion dollars, which is lower than PepsiCo.

Japan and the United States establish working groups to strengthen supply networks with the idea of de-dependency on China
The two governments of Japan and the United States will set up a working group to discuss subsidy policies, etc. in order to strengthen the supply chain (supply network) of important goods such as electric vehicles (EVs) and semiconductors. We will keep pace by setting standards for subsidies, etc., and build a supply network that satisfies fair conditions such as the environment in Doshigoku.

Increased US bonds and funds amplify changes in majority holding interest rates
The presence of speculators in the US bond market is growing. While balances held by the US Federal Reserve (Fed), US banks, etc. are decreasing, hedge funds, etc. that are sensitive to price changes are increasing purchase amounts. There is also an indication that fluctuations in long-term interest rates (bond prices) are likely to increase as US bonds are increased and concerns about fiscal management smoldering are smoldering.

iPhone contract manufacturer Hon Hai, profits exceed expectations - suggests solid demand
paddy $Apple(AAPL.US)$The profit for July-September (3rd quarter) announced on the 14th by Taiwan's Hon Hai Precision Industry, which manufactures the smartphone “iPhone,” exceeded market expectations. It suggests that demand for iPhones is stronger than expected.

Apple gets 36% of Google search ad revenue - expert testimony in antitrust lawsuit
$Alphabet-C(GOOG.US)$Google, which is under the umbrella of $Apple(AAPL.US)$36% of search advertising revenue obtained via the browser “Safari” is paid to the company. An economic expert who is a witness on the defendant side in Google's antitrust law (antitrust law) violation lawsuit revealed it on the 13th.

FRB suspends quantitative tightening before reverse repo runs out - US Financial Research Corporation
The US financial research company Wrightson ICAP expressed the view that the authorities' next-day reverse report (RRP) facility should be stopped before funds are completely exhausted in order to ensure that banks have sufficient reserve deposits regarding the compression of bonds held by the US financial authorities.