This article utilizes auto-translation in some parts.
Last week's release of the US Consumer Price Index (CPI) and retail sales both cooled down, giving the market vitality. As a result, US stocks hit new all-time highs during the week.
However, Albert Edwards, a prominent strategist at Societe Generale, pointed out that the inflation problem currently facing the United States is much more complex than the market thinks, and stated that the Federal Reserve is sowing the seeds of another policy disaster.
In the latest report, despite the decrease in headline inflation rate, the highly sticky core services inflation continues to maintain the inflation level, indicating insensitivity to the Fed's policies.
Core consumer price inflation fell more than expected = ice of deflation.
Mr. Edwards pointed out that the Federal Reserve Board tried to suppress the rise of supercore services inflation (excluding core services inflation such as housing) by maintaining high interest rates. However, this unprecedented decrease in core goods inflation...

Nintendo's stock price was hit hard by the company warning of a sharp decline in profits and suggesting the possibility that the next-generation game console Switch would not be sold until 2025, and recorded the biggest decline in the past month or more. President Shuntaro Furukawa stated via social media that Nintendo plans to release the 7-year-old Switch next year, but that announcement will not be made at the next Nintendo Direct. In response to this news, Nintendo shares fell 4.9% in the Tokyo Stock Exchange.
Prior to this, Nintendo anticipated a 19% decrease in sales and a 24% decrease in operating profit for the fiscal year ending 2025/3 to 400 billion yen, which exceeded market expectations.
Mr. Eiji Maeda, an analyst at SMBC Nikko Securities, pointed out that Mr. Furukawa's statement suggests that sales of next-generation hardware are at the earliest until 2025. He said, “The sales volume of 13.5 million Switch units, which is Nintendo's target for this fiscal year, seems difficult until next-generation consoles are released.”
According to the quarterly report for March this year, Nintendo's operating profit fell 31% to 64.5 billion yen, a sharp drop more than expected. Headquartered in Kyoto...

Good morning, Moomoo users!Here are the key points from the morning session report today.
● [Tokyo stock market forecast range] 73,000-79,000 yen (closing price on the 22nd: 74,386.61 yen)
● Different opinions among strategists regarding the earnings outlook of US companies - stock prices are struggling to rise
Hedge funds switch to buying stocks, even in an unstable environment - Goldman Sachs
Yen at a 34-year low, 154.80 yen, awareness of interest rate differentials once again
Listed companies buying back their own shares, reaching a record 10 trillion yen, supporting Japanese stocks
Tesla announces earnings on the 24th, Musk's next move in EV deceleration
Apple has been designated as the top pick for 2024, with earnings reports expected in January-March - BofA
- Moomoo News Amelia
Market Overview
In the U.S. stock market on the 22nd, the NY Dow Jones Industrial Average rose by 253.58 cents or 0.03 million8239 dollars to 98 cents for the third consecutive day. The Nasdaq Composite Index was 169.295 points higher at 0.01 million5451.305. On the 23rd, the Tokyo stock market saw a mix of bargain hunting following a sense of value from the previous day, with prevailing buying on dips and short covering by sellers...