Stock price index containing a lot of high-tech stocks on 2024/7/11NASDAQOverallCompared to the previous dayminus 1.92%It was sold very well.
Stock price indices that are inversely composed of small-cap stocksRussell 2000Compared to the previous dayplus 3.57%It skyrocketed.
United StatesCPIIs it fallingLong term interest ratesFrom the fact that it also fellStock heightFor those who anticipated it would beNASDAQI think the decline became bat news.
High-tech stocks that have led the market andAI related stocksThey have been bought a long time ago, and are being bought in anticipation of growth in the next few years.
Stocks are like that, so it's not abnormal, but it is necessary to be aware that high-tech stocks tend to be overbought, and fluctuate repeatedly during the adjustment phase.
whyCPIDespite the fact that it went downNASDAQHas it declined?
It's easy to say the reason was that they were being bought too muchCPIWhen prices fall, prices fall and the economy is revitalizedunemployment rateThere is weight in the fact that it becomes difficult to rise.
paradoxesI think you'll notice what you're doing.
Prices are falling and inflation is calming downInterest rate cutsis getting closer
As inflation calms down, it is positive for the economy and the labor market is revitalized.
Especially this time...

US Federal Reserve (Fed) Chairman Powell stated the following at the Senate Banking, Housing, and Urban Affairs Committee on Tuesday as part of the semi-annual monetary policy report.
Chairman Powell's congressional testimony came amid growing impatience among lawmakers about interest rate cuts and growing dissatisfaction with the central bank's proposal to strengthen capital capital regulations against Wall Street banks.
According to the opening statement, the Fed stated that “rising inflation is not the only risk we are facing,” and that it will continue to make decisions based on incoming economic data.
The Fed boss warned that even if interest rate cuts started too early or too late, “economic activity and employment could be unduly weakened.” The Federal Reserve Governor warned that if interest rates were cut too early or too late, “there is a possibility that economic activity and employment will be unduly weakened.”
Senior Federal Reserve officials are under political pressure to cut interest rates as the unemployment rate continues to rise. In his testimony for the Senate hearing, Chairman Powell described the job market as “strong but not overheated.”

The United States announced on 2024/7/5 at 21:30unemployment rateThe result is 4.0% of the previous month4.1%It was.
It has been rising for 3 consecutive months.
unemployment rateAn increase in interest rates became a source of interest rate cutsStock heightIt's a factor.
It was announced at the same timeNFP (Non-Farm Payrolls) (month-on-month)The result was 0.206 million people compared to 0.218 million people in the previous month.
Deterioration in employment became a source of interest rate cutsStock heightIt's a factor.
US 10-year bond yieldfell to 4.277%. What is the decline in long-term interest ratesStock heightIt's a factor.
From June 27thGold futuresThere is a backlash.
unemployment rateIt skyrocketed in response to the deterioration ofGold futuresIt is clear that they are being bought in anticipation of interest rate cuts.

Announced at 23:00 on 2024/7/3ISM Non-Manufacturing IndexResults for the previous month of 53.848.8It was.
It can be said that the US service industry is in recession by breaking 50, which is the turning point between the boom and recession.
After 2020/5/6 when it dropped drastically due to the effects of the coronavirus shockThe lowest numberIt is.
It became a material for interest rate cutsStock heightIt's a factor.
It was announced on 2024/7/2Number of JOLTS job offersThe result was 8.14 million compared to 7.919 million people in the previous month.
Because the boom in the labor market will recede the period of interest rate cutsStock depreciationIt's a factor.
It was announced on 2024/7/3 at 21:15Number of ADP employees (month-on-month)Results for 0.157 million people in the previous month150,000 peopleIt was.
This is the third consecutive month of decline.
Number of JOLTS job offersOn the other hand, it was strongNumber of ADP employeesA weak number came out.
The reason why the number of employed people is declining even if the number of job offers is high is the sector where jobs are increasingbiasedIt's from there.
It was announced on 2024/7/3Number of new unemployment insurance claimsResults for 0.234 million cases the previous week0.238 million piecesIt was.　
The decline stopped for 2 consecutive weeks and rebounded.
The upward trend has been getting stronger since the beginning of May.
unemployedThe increase in interest rates became material for interest rate cutsStock heightFactors...

The profit margin surpassed NASDAQ even though it was only a small amount
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The United States announced at 21:30 on June 28, 2024core PCEThe result is 2.8% of the previous month2.6%It was.
Because falling prices will cause interest rate cutsStock heightIt's a factor.
It was announced at 22:45 on the same dayChicago Purchasing Department Business Index (PMI)The result is 35.4 of the previous month47.4It has skyrocketed.
Chicago Purchasing Department Business Index (PMI)is an economic index representing business confidence in the manufacturing industry not in the entire United States, but only in specific regions.
Chicago Purchasing Department Business Index (PMI)It had been declining for 6 consecutive months, but this time it has risen sharply.
What does the US market place importance on in manufacturingISM Manufacturing Purchasing Managers IndexIt is.
Chicago Purchasing Department Business Index (PMI)It moves roughly (mostly) similar to ISM, but it doesn't mean that it moves linked to 100%.
If the manufacturing industry becomes boomingUS 10-year bond yieldSince it will rise, it will be easier for stocks as a whole to fall.
core PCEHas declinedStock heightHowever, when signs of strong performance begin to be seen in the manufacturing industry, it will put a brake on stock appreciation.
It was announced at 23:00 on the same dayUniversity of Michigan Consumer Confidence IndexThe results are compared to the previous bulletin value of 65.668.2It was.
younger than the 65.6 announced in mid-June...

The United States announced at 21:30 on June 18, 2024Retail sales (month-on-month)The result is negative 0.2% for the previous month0.1%It was.
What is the market's expectationInterest rate cutsIt is.
We had hoped for a decline in consumption, but the result was that it remained flat.
retail salesIf you look at it compared to last year2.3%It's increasing.
CPIThe decline ofConsumer Confidence IndexExpectations for interest rate cuts were growing due to the decline, but the result is that consumption has not fallen that far.
retail salesSince there is a tendency for major revisions to be made, the final figures will not be known until next month's announcement.
US 10-year bond yieldIt has entered a downtrend even though it is weak. Mortgage interest rates fall as long-term interest rates fall.
mortgage interest ratesBecause the number of home buyers increases when it fallsrentsThere is a possibility that inflation will calm down.
US 10-year bond yieldWhat is the decline ofCPIWhether it will lead to a decline is also becoming important.
As long-term interest rates fallConsumption is being revitalizedThere is also a risk that the interest rate cut period will go backwards if it is done.
CPIAlthough housing costs account for a fall, there is also a possibility that prices of services and goods will rise.
Basically, slowing down inflation is not straightforward.
The US economy...

I wonder if the display representing revenue has changed?
Being so negative makes me less motivated.
Maybe it's just me (××)