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...

United States announced July 26, 2024core PCEThe result was 2.6% compared to 2.6% the previous month.
ThisStock depreciationIt's a factor.
By falling pricesConsumer desire to buyIt has been stimulated, making it difficult for prices to fall.
unemployment rateIn the current situation where it is risingcore PCEIt is contradictory that it is reluctant to decline.
There are times when commodity prices, starting with crude oil, skyrocketed and boosted the price index.
Currently, commodity prices are stable, so this is not a factor driving up prices.
Consumers' desire to buy is healthyunemployment rateIt won't go up and the interest rate cut period will go backwards.
ThisStock depreciationIt's a factor.
FRBAs a precautionary measureInterest rate cutsThe possibility of executing is undeniable.
The most feared situation is after interest rate cutsunemployment rateIt means speeding up.
If we were to fall into this situation, stock prices would crash drastically.
Conversely, after interest rate cutsunemployment rateIf it falls, stock prices will rise.
If interest rates are cut under these circumstances, there is a high probability that inflation will be rekindled, so I think it will be difficult to cut interest rates.
What is the main reason that reduces consumers' desire to buymortgage interest ratesIt's at a standstill high.
If the house doesn't sellrentsIf it rises and houses don't sell, the liquidity of the economy will slow down....

・Renewable energy sources, particularly onshore wind power and solar power, are becoming more cost-effective even without subsidies.
・Fossil fuel energy such as natural gas and nuclear power is facing difficult problems due to high costs and concerns about environmental issues.
• Market forces, technological advancements, and government subsidies are driving the shift to renewable energy sources, and these will play a dominant role in the future energy mix.
In the evolving global energy landscape, renewable energy sources are becoming increasingly cost-effective. Even without subsidies, renewable energy is often the cheapest option.
This diagram was created by visual capitalists Selin Oguz and Ryan Bellafontaine in collaboration with the National Public Utilities Council, and shows the most costly power source and the least costly power source in 2024 using Lazard data.
Bargains with onshore wind and solar subsidies
It is included in inflation control laws such as investment tax credits, production tax credits, and energy community credits...

San Francisco Bay Ferry in California, USA, and the public-private partner group began operating the world's first commercial passenger ferry “MV Sea Change (MV Sea Change),” which is powered by a hydrogen fuel cell with zero carbon dioxide (CO2) emissions, on 7/19 and opened an external site in a new window. This ferry will operate a route of about 10 minutes between San Francisco's Pier 41 and the downtown ferry terminal as a demonstration test for half a year.
This ship is a 70-foot (about 21.3 meters), 75-seater catamaran ferry with a total length of 70 feet (about 21.3 meters), developed by All-American Marine in Washington State with a grant of 3 million dollars from the California Air Resources Board (CARB), and is owned by Switch Maritime (SWITCH Maritime), a startup founded in 2018. The hydrogen fuel cell power package composed of a 360 kilowatt (kW) fuel cell made in the US and a hydrogen storage tank made by Hexagon Plus in Norway with a capacity of 246 kilograms is zero emission from a California startup founded in 2018...

I've seen NVIDEA ✴️ going back to the chart 📈 from the past on the 🎥 broadcast
If the mountain is high, ⛰️ the valley is deep, isn't it?
Even though we have entered an adjustment phase over and over again, including large and small
I've overcome it.
It's uncertain whether it's Mr. Trump or Mr. Harris due to the US 🇺🇸 presidential election year.
The well-known feeling of AI, which was still thought to be unknown, delays in shipments, the future of the Fed's interest rate policy, etc.
It was blowing away a little bit of bad material
semiconductor and tech companies. There aren't any bad materials that would stab you this time around. excessive hedging from vigilance
Videos with thumbnail characters dancing, such as the collapse of America 🇺🇸, the collapse of the dollar, on the verge of a severe recession
There are actually a lot of articles 💢 For example, the yen is appreciating recently, but the US dollar is against the euro, the Australian dollar, and the lira
Rupees, etc.
The US dollar is strong (I don't know the Swiss franc) good or bad
I'm going to write on the subject of NVIDEA ❗️
At that time ❗️ even if the current situation is dull,
I want you to focus on progress from the past.
You don't have to be king 👑. Like Microsoft
How many cushions can you stack up even after 10 years and stay in the rankings ⁉️ do you breathe for a long time or do you have the power to continue
⁉️ CEO Jensung Hwang knows all about hardships...

In the US, it is expected that the Fed will leave the federal funds interest rate unchanged at 5.25% to 5.50% for 8 consecutive times, but interest rate cuts have been completely factored in, and attention will be drawn to signs relating to the central bank's plan in September.
Also, the US economy is expected to create 185,000 jobs this month, which is lower than the 206,000 in June, and the unemployment rate is expected to remain at 4.1%, the highest in 2021, and the wage increase rate is expected to remain at 0.3%.
Furthermore, the ISM PMI is expected to indicate that the manufacturing industry has been shrinking for 3 consecutive months.
Other key metrics to look out for include the JOLTS report, ADP employment statistics, Challenger employment cuts, final S&P global manufacturing PMI, S&P/Case Shiller home price index, FHFA home prices, CB consumer confidence, Dallas Fed manufacturing index, Dallas Fed services index, home sales hold, non-farm sector productivity, unit labor costs, and factory orders.
Additionally, traders will keep an eye on quarterly refinancing announcements and evaluate the federal government's borrowing requirements and future bond sales strategies.
Finally, the fiscal season is for McDonald's, P&G, Merck, Toyota,...

・According to Reuters, the Italian corporation of Amazon (NASDAQ: AMZN) is being investigated on suspicion of tax evasion.
・According to Reuters, this is the second investigation conducted by the Italian authorities against e-commerce operators.
・The latest investigation by the Milan authorities focuses on value-added tax (VAT) on goods bought and sold within Italy and internationally.
・According to Reuters, at the beginning of this week, the Italian tax authorities seized 0.1 billion 31 million dollars (about 14.7 billion yen) from a division of Amazon (AMZN), which develops business in Italy, as part of an investigation related to tax fraud and illegal labor practices.
・According to the latest data, Amazon (AMZN) has more than 60 facilities such as operations, corporate offices, data centers, and customer service centers in Italy. Total revenue from all Amazon business activities in Italy amounts to more than 21.4 billion euros.