Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.04 million 1500 yen - 0.04 million 2000 yen (11-day closing price 0.04 million2224 yen 02 sen)
● The July FOMC, which gives confidence to the US CPI and FRB, needs attention for interest rate cuts
● Rotation in the US stock market: justifying expectations of interest rate cuts due to CPI deceleration, selling high-tech stocks & buying overdue stocks
● The dollar to yen received by the US CPI plummeted, and there are also reports that the Ministry of Finance is implementing intervention
● US Democratic Party expands voice for “drop Biden”
● It is reported to Tesla that the announcement of robot taxis for sale will be postponed to October
● Apple and EU settle over payment services and end antitrust investigation
-MOOMOO NEWS Amelia
Market Overview
In the US stock market on the 11th, the NY Dow Jones Industrial Average continued to rise to 0.03 million9753 dollars 75 cents, 32 dollars 39 cents higher than the previous business day. The Nasdaq Composite Stock Price Index fell 364.041 points to 0.01 million8283.407. In the Tokyo stock market on the 12th, sales spread over a wide area, starting with major stocks, and it seems that the Nikkei Stock Average will be forced to fall drastically. A foreign country...

This article uses automatic translation for some of its parts
The fundamentals of AI-related stocks will drive further big tech performance
● While investors are closely watching the financial results announcements of approximately 180 S&P 500 companies, including major high-tech companies, they are also paying attention to geopolitical tension in the Middle East.
● As demand for AI expands and contributes greatly to the profits of high-tech companies, there is a possibility that global data center capital investment in 2024 will be underestimated at 300 billion US dollars.
● Despite recent sales, valuations in the tech sector are seen as attractive. Since the current predicted PER for Big Tech is still low, there is a possibility that it will exceed expectations.
Is the fall in semiconductor stocks not over yet?
● Semiconductor stocks have skyrocketed since the beginning of this year. Even after the recent decline, the year-to-date increase rate has exceeded 20%. Valuations are also extremely expensive, and PER (TTM, trailing twelve months) for March has reached 56 times. In addition to these factors, interest rate increases due to higher-than-expected inflation and geopolitical concerns...

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Perhaps, as we approach the end of 2022, most investment banks did not anticipate the robust performance of the U.S. stock market in 2023 amid the "fire" of interest rate hikes. As of the closing on December 22nd, the S&P 500 index and the Nasdaq 100 index have surged by over 24% and 54% respectively this year.
Data reveals that the gains in the S&P 500 this year are primarily driven by the "Big Seven" in the tech sector—Apple, Microsoft, Google, Amaz...

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