US Market Outlook: Waiting for FOMC Results; Dow Average Starts $112 Higher

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Will there be any drastic changes to the US Fed interest rate forecast this week
Mr. Florian Yelpo, who is in charge of the macro multi-asset team at Lombard Odier Investment Managers, stated at the Federal Open Market Committee (FOMC) that the US Federal Reserve (Fed) will open this week that there is a high possibility that there will be no major changes in the dot plot (FOMC committee interest rate forecast distribution chart), which is a major point of attention. He said, “It seems that three interest rate cuts this year will be suggested again, and it will be a certain reassurance for the market that a soft landing of the economy can be realized in the next 2 years.”

The recent stock appreciation is not a bubble — high-tech stocks left behind show
In response to this year's rise in market prices, discussions have intensified that stock prices may be far too far ahead of economic fundamentals, and while question marks are attached that the US Federal Reserve will begin cutting interest rates early as expected by investors, the rise has almost stopped in the past 2 weeks. Societe Generale strategists predict that there is a possibility that the S&P 500 will rise by another 20%. Mr. Manish Cabra, who is in charge of US stock strategy at Societe, cited strong corporate performance and improvements in global economic indicators, and said, “I think the current rise is brought about by rational optimism rather than unfounded enthusiasm. We anticipate that these factors will maintain momentum,” he explained.

Bond yields are close to critical levels for equities - Morgan S Wilson
Morgan Stanley strategists pointed out that bond yields are approaching an important level that may hinder stock appreciation. The team led by Michael Wilson explained in the report that “4.35% of the US 10-year bond yield is seen as an important technical level for determining signs that interest rate sensitivity of stocks will increase.” The yield is currently trading around 4.30%.

Google rises 5% or more overtime, negotiations are underway to install AI “Gemini” on iPhones
According to Bloomberg, $Apple(AAPL.US)$Is $Alphabet-A(GOOGL.US)$Negotiations are underway to install Google's artificial intelligence engine “Gemini” under the umbrella of the iPhone. In response to this, $Alphabet-A(GOOGL.US)$Shares rose 5% or more due to overtime trading on the 18th. The current stock price rose 5.39% to 148.79 dollars, and the trading price was 55013,200 dollars.

NVIDIA rebounds overtime for the first time in 4 days = individual US stocks
$NVIDIA(NVDA.US)$rebounded outside of hours for the first time in 4 days. Analysts raised the target stock price from the previous 880 dollars to 1,050 dollars. Investment decisions continue to be “buy.”

NY foreign exchange: dollar buying advantage, US March NY Fed service industry activity improved positively
The US March NY Fed service industry activity improved to +0.6, which is positive since August last year. In response to good results, the US bond exchange rate declined. The 10-year bond yield rose from 4.395% to 4.326%. Dollar buying became dominant in the NY foreign exchange market. The dollar and yen rose from 149 yen 01 yen to 149 yen 20 yen.