Weekly Market Summary (2024/7/20-7/26)

・Cloud Strike stocks due to Windows failure remain plummeting.

・Fundamentals have changed due to market conditions where Trump is certain, and the value of each asset has moved drastically this week.

・There are also sudden references by politicians to the Bank of Japan's interest rate hike, and the Bank of Japan's interest rate hike at the end of the month is drawing attention.
Due to these market conditions, the yen appreciated in earnest. In 1 month, the dollar and yen fell close to 10 yen from their high price.

・The decline in metals is conspicuous due to concerns about demand in China.

・PCE deflator results are almost in line with consensus, but they were slightly stronger compared to the previous year. The incorporation of interest rate futures has also not changed much. However, real interest rates remained high at around 2%, and the impact of strong tightening on the US economy continues.

IWM Russell 2000 Ishares ETF: +3.40%

SOXX Semiconductor Ishares ETF: -2.99%

Tokyo Topix Index: -5.64%

Nikkei 225 Index: -5.98%

U.S. Dollar/Japanese Yen: -2.36%

Australian Dollar/Japanese Yen: -4.38%

Mexican Peso/Japanese Yen: -4.55%

Ethereum - USD: -7.18%

Silver: -4.22%

Copper: -2.71%

Platinum: -2.95%