US market outlook: US Philadelphia Fed President “There is a high possibility that the Fed will finish raising interest rates”, the Dow average starts at a high of $102.20

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Strong US tech stocks, ahead of profit growth, clearly bottomed out in July-September
There has been a movement to anticipate the bottom of corporate performance in the US stock market. Stock price increases for tech companies etc. are conspicuous ahead of the announcement of financial results for the fiscal year ending 2023/7/9, which will be in full swing from next week. Earnings per share of major companies fell below the same period last year for 3 consecutive quarters from the April-6 fiscal year, but it is expected that the July-September fiscal year will turn to an increase. Concerns remain, such as interest rates remaining high, and attention is drawn to managers' outlook for the future.

A drastic decline in US stocks can be avoided, if US bond yields do not exceed 5% - BoFA
Bank of America (BoFA) strategist Michael Hartnett predicted that unless US bond yields exceed 5%, which is a historically high level, a drastic decline in US stocks can be avoided.

Funds flow into ETFs for US long-term government bonds even with a loss of 10 billion dollars - the reason
Throughout this year, Wall Street professionals have placed bets with strong conviction that interest rates have peaked, and poured record amounts of money into the world's largest US bond ETF. This bet continued to backfire throughout this year, leading to an estimated loss of 10 billion dollars. Even so, push buying to confront the worst market decline in the past few decades continues. There's a big reason for that. Even if long-term government bond prices simply pick up slightly, large returns can be expected.

“There is a high possibility that the Fed will end interest rate hikes,” says the US Philadelphia Federal Reserve Governor
“There is a high possibility that the Fed will finish raising interest rates,” “we should not overreact to normal variations in CPI data,” and “the inflation rate is expected to drop steadily and fall below 3% this year,” said US Philadelphia Federal Bank President Harker.

Interest Rates Remain High to “New Normal” = Fed Does Not Raise Additional Interest Rates - Former NY Federal Reserve Governor
Former New York Federal Reserve Bank President William Dudley, chairman of the American non-profit organization “Bretton Woods Committee,” which makes policy recommendations, responded to an interview with Jiji Press on the 12th and pointed out that prolonged high interest rates will become the “new normal.” Based on the situation where funding costs are increasing due to rising long-term interest rates, the Federal Reserve (Fed) also indicated that it would forego additional interest rate hikes.

[Breaking News] Microsoft Announces Completion of Activision Acquisition
paddy $Microsoft (MSFT.US)$Is a game software company's $Activision Blizzard (ATVI.US)$It was announced that the acquisition on a scale of 75 billion dollars has been completed.

KIOXIA makes final adjustments due to integration with WD semiconductor division Japan-US restructuring
paddy $Western Digital (WDC.US)$(WD) spun off the semiconductor memory business and became $Toshiba (6502.JP)$It became known on the 13th that final adjustments were being made in the direction of business integration with KIOXIA HOLDINGS of memory. As memory market conditions deteriorate, scale up and prepare for investment competition. Japan and the United States will ensure a stable supply of semiconductors.

TSMC China Plant Announces Extension of US Regulations, Taiwan Economic Minister
Taiwan's Economic Minister Wang Meihua (Minister of Economy) said on the 13th about restrictions on semiconductor technology exports to China by the US government, $Taiwan Semiconductor (TSM.US)$It was clarified that (TSMC) was granted an extension of the grace period. Details were not explained, but it seems that the introduction of equipment to our own factory in China can continue.

JP Morgan revises July-September net interest rate income to record high - full year forecast upward
Rice Silver $JPMorgan (JPM.US)$Net interest rate income for July-September (3rd quarter) reached a record high. Higher interest rates and the First Republic Bank takeover contributed. The bank revised its net interest income forecast for the full year upward.

Check out the list of Wall Street's viewpoints where opinions on the US September CPI are unexpectedly accelerating and split!
Check out Wall Street analysts' perspectives on September's CPI data.