1 year ago
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4/14 (Thursday) morning market trends (compared to the previous day)
- NY Dow: $34,029 +1.1%
- NASDAQ: $12,166 +2%
- Nikkei Stock Average: ¥28,156 +0.2%
- USD/JPY: 132.5 +0.05%
- USD Index: 101 -0.4%
- 10-year US Treasury yield: 3.4 +0.8% per annum
- Gold Futures: $2,054 +1.4%
- Bitcoin: $30,339 +1.3%
- Ethereum: $2,009 +5%
traditional finance
crypto assets
Today’s NY Dow sharply rebounded and closed at +383 dollars. The Nasdaq also rose at +236 dollars. The slowdown in the US wholesale price index announced last night gave the market a sense of security.
Rice PPI
- Month-to-month change: This time -0.5% Forecast 0.0% Last time -0.1%
- YoY change: This time +2.7% Forecast +3.1% Last time +4.6%
- Core/MoM change: This time -0.1% Forecast +0.3% Last time 0.0%
- Core/YoY change: This time +3.4% Forecast +4.1% Last time +4.4%
The wholesale price index (PPI) for March, announced by the US Department of Labor on the 13th, fell -0.5% from the previous month, much lower than the market expected to remain flat. The decline was the largest since April 2020 during the pandemic.
Falling goods prices led the overall decline in March, with the sharp drop in gasoline prices being the most prominent, down 11.7%. Diesel fuel and electricity prices also fell. Service prices, which had been growing steadily until now, also dropped to -0.3%, the largest rate of decline in two years and 11 months.
The CPI announced the day before was slightly below expectations, but the significant slowdown in inflationary pressure indicated by the PPI this time seems to be sufficient evidence that the 0.25% rate hike by the FOMC in May will be the last interest rate hike.
connection: US stocks fall Reaction to US March CPI and FOMC minutes
U.S. initial unemployment claims
There was also a softening trend in the labor market. U.S. initial unemployment claims last week turned up for the first time in three weeks, up 11,000 to 239,000, beating expectations of 235,000. On the other hand, the number of continuous recipients (the week ending April 1) decreased to 1.81 million.
Although the number of applications has increased, it is still below the 270,000 number, which is considered a signal of worsening employment conditions. Concerns remain that the March banking crisis will worsen the employment situation, and speculation is growing that the Fed will switch to early rate cuts to avoid a recession.
- Friday, April 14, 21:30: U.S. March Retail Sales
- April 14, 23:00 (Friday): April University of Michigan Consumer Confidence Index, preliminary figures
US IT/Tech Stocks
Earnings from major US banks, including JP Morgan, will be announced tonight before trading begins.
U.S. IT Tech Stocks vs. Previous Day: NVIDIA -0.1%, c3.ai +1.1%, Big Bear.ai -9.4%, Bullfrog AI -8.6%, Tesla +2.9%, Microsoft +2.2%, Alphabet + 2.6%, Amazon +4.6%, Apple +3.4%, Meta +2.9%, Coinbase +1.6%, MicroStrategy +5.5%.
Amazon AI
Amazon announced on the 13th that it will enter the generative artificial intelligence (AI) business that creates sentences and images based on text instructions and will offer it to cloud service (AWS) customers. The service will be called “Amazon Bedrock,” and it will start with a limited number of users, and will be generally available in a few months.
Build & scale your #Generative AI apps with Amazon Bedrock.
Learn how access to leading foundation models makes it easy to build apps quickly while keeping your data private & safe.
https://t.co/mjYtDgC6No #AWS #machinelearning pic.twitter.com/9xYGfTJILs
—Amazon Web Services (@awscloud) April 13, 2023
Amazon also announced Titan, its own large language model for text creation and web search optimization. On the other hand, it doesn’t seem to have plans to offer a chatbot like OpenAI’s ChatGPT.
connection: The web3 and AI fields are the policy of the Liberal Democratic Party, and the LDP Policy Council approves the white paper
connection: Ranking of investment trusts that can be selected under the tax incentive system “Tsumitate NISA”
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