Next week's points
Japanese stocks are expected to weaken next week. Since the stock price-earnings ratio (PER) is high for US stocks, it seems that stock price adjustments will continue even while keeping a close eye on interest rates. Interest rates have risen, and it is becoming easier for people to be aware of expensive stock price valuations. Bloomberg reports that after passing the US FOMC this week, interest rates have risen both domestically and internationally, and stock prices have weighed mainly on technology stocks. Next week, market interest will gather on interest rate trends, and it seems that the market will be happy and disappointed by the statements made by financial officials. US Federal Reserve Chairman Powell is scheduled to hold a town hall meeting with educators on the 28th.
This week's market points
1. The Nikkei Average fell sharply for the first time in 2 weeks to over 1000 yen depreciation
2. The FOMC is too hawkish to postpone interest rate hikes, leading to depreciation of US stocks
3. The yen depreciated due to maintaining the status quo of the Bank of Japan's monetary policy, and buying did not continue even though the sense of caution receded
4. U.S. semiconductor stock depreciation
The Nikkei Stock Average fell sharply for the first time in 2 weeks to 32,402 yen, 1130 yen (3.4%) lower than the previous weekend in the Tokyo stock market this week. This week, ahead of the Japan-US financial meeting, a strong wait-and-see mood continued until the second half of the week. The US FOMC is as expected...

Berkshire Hathaway, based in Omaha, USA, is experiencing impressive growth. According to the 2023/Q1 financial results announcement, sales increased 20.5% from the same period last year to 85.3 billion dollars, and profit increased 7%. Additionally, Berkshire's share price increased by around 10% in the first half of 2023.
Buffett's investment strategy has been praised by investors around the world who want to replicate his success.
Let's take a look at Mr. Buffett's words and actions in the first half of 2023 in chronological order!
question:
What do you think about Buffett's investment strategy?
What aspects of Buffett are you referring to? Are you also getting inspiration from other investors?

The market seems convinced that interest rate hikes will stop in June. The reason was that Director Jefferson and WSJ Timiraus suggested skipping interest rate hikes. Director Waller of the hawkish faction also approved the option of raising interest rates or skipping them. It seems that Chairman Powell decided to stop raising interest rates even before the employment statistics. This is probably because it was determined that inflation was stable even in a strong labor market. Director Jefferson anticipates a slowdown in the economy due to a credit crunch. Wage increases have been suppressed at 5%, and policy interest rates are appropriate. There is a possibility that Chairman Powell placed his trust in the neutral Director Jefferson from the hawkish director Waller, and the possibility that interest rate hikes will resume is currently not anticipated.
Overall inflation has not risen, and core inflation is low. The credit crunch makes economic deceleration certain, and I think there is no essential difference between suspension and complete suspension.