Nick Timiraos, WSJ reporter
“Fed Rate Cut Is Finally Within View (A Fed Rate Cut Is Finally Within View)”
・There is a possibility that Chairman Powell will reconsider the trade-off between the risk of cutting interest rates too fast and the risk of being left unchanged for too long, and support early interest rate cuts
・The deceleration in inflation has resumed progress, and the unemployment rate has risen for 2 consecutive months
👉 Are you working to start cutting interest rates by reflecting on starting interest rate hikes too late?

According to Bank of America (BofA), there is a possibility that the big impact of the seven megacap high-tech stocks on the S&P 500 (SP500) will collapse due to a significant deceleration in US economic activity.
The Nasdaq 100 (NDX) and other high-tech stock indices (COMP: IND) (QQQ) began to decline this month as investors' expectations of a maximum of 3 interest rate cuts this year were rekindled, technical factors were added, and they flowed into small cap stocks (RTY) and other sectors that tend to be overlooked. The Nasdaq 100 (NDX) fell nearly 4% in July.
Bank of America investment strategist Michael Hartnett said on Friday in his notes on the company's Flow Show that the bullies stated that “adjustments” are healthy, but the bears “are on the verge of collapse of Magnificent 7's “monopoly/oligopoly advantage” in the S&P 500 (SP500) (SPY) (VOO) due to worsening employment statistics. He shared the following graph showing a high concentration of +30% in the overall market index of Magnificent 7.
Mr. Hartnett...

Currently, MU is +2.3%, SMCI is +3.8%, and NVDA and TSMC have been growing steadily