U.S. S&P 500 hits new high; semiconductor stocks and virtual currency stocks are weak | 20th Financial Tankan

10 months ago 94

1/20 (Friday) morning market trends (compared to the previous day)

traditional finance

NY Dow: 37,863 +1%
Nasdaq: 15,310 +1.7%
Nikkei average: 35,963 +1.40%
USD/JPY: 148.1 +0.04%
Gold futures: 2,031.8 +0.5%
NVIDIA: $594.9 +4.1%
Apple: $191.5 +1.5%

Source: Coinpost app

Today’s NY Dow and Nasdaq continued to rise. The S&P 500 index hit a new all-time high, led by tech stocks like Nvidia and AMD.

Source: Google

The rise in US stock indexes is due to expectations of interest rate cuts within this year improving the outlook for corporate profits, a solid economy, and increasing demand for AI, leading to large-scale companies such as NVIDIA, Microsoft (+1.2%), and AMD (+7.1%) This may include the fact that stocks are being favored again.

On the other hand, there are concerns that the growing conflict in the Middle East will have a greater impact on related stocks, the oil market, and even the global economy.

Today’s main market materials are as follows:.

U.S. consumer sentiment (University of Michigan consumer survey) has improved significantly.Inflation expectations for the next year are at the lowest level in three years, expected to be a tailwind for corporate performance.
Chicago Fed President: “If inflation continues to slow, we will move forward with interest rate cut discussions”
(19th) Meta CEO Zuckerberg plans to acquire 350,000 NVIDIA H100 GPUs to build AGI (artificial general intelligence); expected to total 600,000
Apple’s MR headset “Vision Pro” will be available for pre-order from the 19th (approximately 520,000 yen) UBS and others expect shipments to be between 300,000 and 400,000 units this year Netflix will postpone launching a dedicated app
Solana “Chapter 2” smartphone pre-sales exceed 30,000 units
Semiconductor giant AMD hits new high, financial holding companies Raymond James and Barclays raise price targets
In the Tokyo market on the 19th, semiconductor-related stocks (Tokyo Electron and Advantest) rose across the board.
Japan’s December national consumer price index core CPI increased by 2.3% year-on-year (+2.5% from the previous month), and the rate of increase is expected to slow down to below 2% in January 2024 | Core CPI for 2023 is +3.1% year-on-year, the highest level in 41 years due to soaring raw material costs and weak yen

connection：The reason why “Sumitomo Mitsui Card Platinum Preferred” is rapidly increasing in popularity as a new NISA savings investment

Important economic indicators/events from this week onwards

1/22 (Monday) Bank of Japan Monetary Policy Meeting Day 1
January 23rd (Tuesday) Bank of Japan Monetary Policy Meeting Announcement of policy interest rate after the end
1/24 (Wednesday) 23:45 U.S. Manufacturing Purchasing Managers Index (PMI)
1/25 (Thu) 22:30 U.S. 4th quarter real GDP
1/26 (Fri) 22:30 December personal consumption expenditure (PCE deflator)
2/1 (Thursday) 4:00: Policy rate announcement after FOMC close

connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Virtual currency related stocks

Coinbase｜$124.7 (+0.3%)
MicroStrategy | $481 (-1.1%)
Marathon Digital Holdings | $16.1 (+0.37%)
Stronghold Digital Mining | $5.1 (+0.59%)

As for Bitcoin mining stocks, the stock price has fallen significantly this week as CoinShares recently released a report related to miner break-even points, and the BTC price has continued to fall since the Bitcoin ETF was approved last week. did. Marathon, the largest mining company, was down 15% compared to the previous week, and Stronghold was down 5.19%.

connection: JP Morgan analysis Will the profit taking of Bitcoin ETF “GBTC” further accelerate selling pressure?

connection: Break-even point for miners after the next Bitcoin halving is 1 BTC = $40,000 | CoinShares Report

Virtual currency market