What is the background of the recent turbulence in the US financial market“Interest rate cut trade” and “card trade”is currently emerging as the most popular trading theme.
The US consumer price index (CPI) in June fell more than expected, and combined with Chairman Powell's dovish remarks, the US Federal Reserve (Fed) is expected to cut interest rates for the first time in the year in September. The superiority of Mr. Trump's opinion poll approval ratings expanded due to the first presidential debate and shooting incident, and in the United StatesExpectations for injury at the beginning of the “Trump 2.0” eraIt's been done.
What do “trump trades” and “interest rate cut trades” seem to benefit in common?
Bitcoin
On Monday, the Republican Party said in a new platform that the Republican Party would put an end to the Democratic Party's crackdown on cryptocurrencies and ensure the right of Americans to store their digital assets safely.
In other words,If Trump takes office as president, there will be an important change in the US stance on cryptocurrenciesThat's it. Additionally, the position of Mr. Trump's vice presidential candidate Mr. Vance was recently revealed, and he is a Bitcoin ETF ( $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$A big position in)...

This article uses automatic translation for some of its parts
● $NVIDIA (NVDA.US)$After the end of trading hours on the 22nd (Japan time on the 23rd at 5:20 a.m.) We plan to announce financial results for FY2025 Q1.
● The data center, which is the company's most important businessIt is expected to achieve sales of 20.967 billion dollars, up 389.43% from the same period last yearIt is. As a result, it is expected that the ratio of the same business to the company's sales will continue to expand from 83% in the previous quarter to 85%.
● GS Securities analysts say that since investment in AI will continue to be at a high level in the future,NVIDIA's valuations are still cheapLooking at it, the target stock price was raised from 1,000 dollars to 1,100 dollars. HSBC also anticipated that the company's AI business outlook would be undervalued, and the target stock price was 1,350 dollars.
● According to Moomoo, the market is NVIDIASales for FY2025 Q1 are expected to increase 240.47% from the same period last year to 24.487 billion dollars, and EPS is expected to increase 532.28% from the same period last year to 5.18 dollarsIt has been done (US-...

This week's points
Are Japanese stocks doing well this week? Rice that is getting a lot of attention in the market $NVIDIA (NVDA.US)$Ahead of the announcement of financial results on the 22nd, the wait-and-see mood is likely to expand in the first half of the week. Triggered by financial statements, etc. showing the expansion of demand for artificial intelligence (AI), etc.There is a possibility that the impact will spread to related stocks around the worldThere is. Meanwhile, as observations of lower US interest rates increase, interest is also being drawn to trends in long-term US interest rates.
Currently, while the Dow Average and Nasdaq Index hit their highest values, the Nikkei Average has been in an adjustment phase for close to 2 months. Depending on NVIDIA's financial results, it is possible that the upward trend will intensify all at once. Since demand for generative AI is strong, market expectations for NVIDIA financial results are high. If financial results are good, semiconductor-related stocks will be bought, and the Nikkei Average is expected to test the 39,000 yen range. Conversely, it is possible that the trend will fall again. That positive content was evaluated in NVIDIA's financial results for February, and amid strong semiconductor stocks, the Nikkei AverageThe highest value was updated for the first time in 34 yearsI ran up to.
Multiple agencies have announced NVIDIA's first quarter financial results and second quarter guidance...