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June 21 (Wednesday) morning market trends (compared to the previous day)
- NY Dow: $34,053 -0.7%
- NASDAQ: $13,667 -0.1%
- Nikkei Stock Average: ¥33,388 +0.05%
- USD/JPY: 141.3 0.0%
- USD Index: 102.5 0.0%
- 10-year US Treasury yield: 3.72 -2% per annum
- Gold Futures: $1,948 +0.00%
- Bitcoin: $28,133 +5.1%
- Ethereum: $1,777 +2.6%
traditional finance
crypto assets
NY Dow Nasdaq today
Today’s NY Dow continues to drop to -245 dollars. The Nasdaq also closed down -$22.2. After passing the CPI and FOMC key events last week, the market seems to be showing signs of being overbought. The S&P500 and the Nikkei Stock Average also hit new highs last week.
connection: U.S. stocks rebound nearing end of rate hike cycle, Bank of Japan meeting expected to continue monetary easing | 16th Financial Tankan
According to Bloomberg, Lisa Charlett, chief investment officer at Morgan Stanley Wealth Management, said: “We are skeptical about the sustainability of market cap-weighted U.S. equity index gains. But if a soft landing were to happen, the Fed would have no incentive to cut rates, especially if the labor market is still relatively resilient.” He pointed out the long-term impact of the high interest rate environment on the economy.
In the FOMC policy announced on the 15th, additional interest rate hikes were temporarily suspended, but there was also the possibility of two additional interest rate hikes by the end of the year. Powell also ruled out the possibility of a rate cut this year, saying it would likely be “about two years away.” The Chairman is scheduled to testify before Congress tonight, and it will be interesting to see what kind of monetary policy message he will send out.
At this point, the odds of another 0.25% rate hike at the July FOMC have risen to just under 77%.
connection: What is the US monetary policy meeting “FOMC” that attracts the attention of global investors | Easy-to-understand explanation
economic indicators
- Wednesday, June 21, 23:00: Chairman Powell’s remarks
- Thursday, June 22, 21:00: U.S. unemployment claims for the previous week
- Thursday, June 22, 23:00: Chairman Powell’s remarks
US stocks
Individual stocks compared to the previous day: Nvidia +2.6%, c3.ai -2.9%, AMD -0.9%, Tesla +5.3%, Microsoft -1.2%, Alphabet -0.3%, Amazon -0.2%, Apple +0.04%, Meta + 1.1%.
connection: Top 3 rankings of ETFs (listed investment trusts) in Japan and overseas that can be purchased with NISA
As for Japanese domestic stocks, Berkshire Hathaway, a major US investment company led by the famous investor Warren Buffett, announced on the 19th that it had increased its shareholding ratio in Japan’s five major trading companies.
connection: Berkshire led by Mr. Buffett Increases the shareholding ratio of Japan’s five major trading companies
BTC mining stocks rebounded sharply
- Coinbase｜$57 (+2.7%/+2.70%)
- MicroStrategy | $313.4 (+6.8%/+6.8%)
- Marathon Digital | $11.7 (+17.4%/+17.4%)
- Algo Blockchain | $1.1 (+12.6%/+12.6%)
Cryptocurrency-related stocks rose as Bitcoin returned to $28,000. It seems that BlackRock’s Bitcoin ETF application last week, Deutsche Bank’s application for virtual currency custody, and the planned launch of Wall Street-backed virtual currency exchange “EDX Markets” were also considered.
connection: Binance Lightning integration and Deutsche Bank virtual currency custody application | 21st virtual currency news summary
connection: Litecoin Halving Scheduled Around August 7th, On-Chain Data Suggests Major Investor Trends
connection: Ranking of investment trusts that can be selected under the tax incentive system “Tsumitate NISA”
The post NY Dow continues to fall, virtual currency mining stocks rebound sharply Tonight, Chairman Powell’s parliamentary remarks | 21st Financial Tankan appeared first on Our Bitcoin News.
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