Isn't it a buying market for a while? I think the festival mood will continue this week.
However, after the presidential election, there will be the FOMC announcement and Powell's press conference this week (Friday) from midnight to 3 am.
After the Bank of Japan meeting at the end of last month, there was a press conference by Kuroda.
Even so, the Nikkei index dropped.
If unexpected events happen in policy interest rate announcements and remarks from key figures, it's like 'aboo~n 😩'.
Due to the extremely weak nonfarm payroll statistics last week (Friday), a decrease of 0.25% is strongly expected instead of keeping the interest rate unchanged, but the Powell press conference is worrisome...
Powell and Trump have a bad relationship (different ways of thinking).
Powell → If there is persistent high inflation, the USA economy is strong, and interest rates are raised to reduce overheating.
Trump -> The current weakness of the economy in the USA is due to the extreme strength of the dollar. Raise interest rates immediately!!!
Difference in ways of thinking like this
The President and the American Senate have been taken by the Republican Party
And the President is Trump
The key positions of the Federal Reserve Board, such as the Chairman, Vice Chairman, and Directors, are appointed by the President based on the advice and consent of the Senate (quoted from the Federal Reserve System's wiki).
Trump forcibly forced Powell, who had a term until May 2026, to resign using the powers of the President and the Senate, and sent his own loyal executives to the Federal Reserve Board.
That is quite possible 🤔

At recent exhibitions, Tesla unveiled a humanoid with AI that generates fully automatic and self-determined thinking, partially operated remotely by staff behind the scenes.
Did it disappointingly sell below the actual technology disclosed before the exhibition? 🤔
Yet will investors buy it again?
I hear there are many issues and negative feedback after the actual operation and sales of the Cybertruck.
Is it wise to buy believing that the true state of a company is reflected only in numbers like financial results?