How long will the celebration mode continue in the US financial market - valuation is the challenge
Date and Time of Update: September 21, 2024 11:50 JST (partial excerpt)
The US financial authorities, which have taken easing measures, are supporting the economic outlook
Stock and bond prices exceed levels at the start of the past 14 easing phases - model
For Wall Street traders who appear to be increasingly inclined towards speculative trading, the 0.5 percentage point rate cut by US financial authorities is proof of the correctness of such trading attitudes.
However, as US financial authorities who have taken easing measures support the economic outlook, valuation, which is another variable that moves the market, has emerged as a greater challenge in determining how long the market's celebratory mood will continue.
This week, the actions of central banks have been resolved in favor of the bullish camp. US stocks have reached new all-time highs, commodity prices have surged again, and volatility in the US bond market has decreased. The two-week rate of increase in the Nasdaq 100 Index was the highest since November last year. Concerns in the market about whether the US financial authorities took too long to end their two-year fight against inflation restraint have been dispelled.

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