U.S. stocks fall, virtual currency mining stocks fall sharply

1/17 (Wednesday) morning market trends (compared to the previous day)

traditional finance

• NY Dow: 37,361 -0.6%
• Nasdaq: 14,944 -0.2%
• Nikkei average: 35,619 -0.8%
• USD/JPY: 147.1 -0.05%
• Gold futures: 2,029.9 -0.08%
• NVIDIA: $563.8 +3%
• Apple: $183.6 -1.2%

Today’s NY Dow and Nasdaq both fell. The sharp rise in US bond yields seems to have dampened expectations for an early interest rate cut starting in March.

In his speech on the 16th, Fed Director Waller said that it is possible to cut interest rates this year if inflation does not flare up again, but he also said that “economic activity and the labor market are in good shape” and that the market expects six rate cuts. I pulled it down.

Today’s main market materials are as follows:.

• In response to Fed Director Waller’s comments, some analysts revised their forecasts to expect interest rate cuts to begin in May or June rather than March.
• Semiconductor stock AMD rises significantly, hitting the highest price since December 2021
• The dollar’s appreciation and yen’s depreciation is progressing again. 1 dollar = 147.3 yen

connection: NTT Docomo becomes a small company, what are the strengths and merits of “Monex Securities”?

Important economic indicators/events from this week onwards

• 1/17 (Wed) 22:30 US December retail sales
• 1/19 (Friday) 8:30am Japan December National Consumer Price Index
• 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

Cryptocurrency-related stocks sharp decline

• Coinbase｜$133.8 (+2.3%)
• MicroStrategy | $482.1 (-0.7%)
• Marathon Digital Holdings | $17.7 (-6.3%)
• Stronghold Digital Mining | $5.1 (-4.2%)

Regarding Bitcoin mining stocks, the recent report published by CoinShares regarding the break-even point for miners has caused investors to be concerned.

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

Virtual currency market

• Bitcoin: $43,177 +1.5%
• Ethereum: $2,592 +3%

connection:Bitcoin market decline has stopped, weekly trading volume of listed investment products reaches record high of $17.5 billion

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In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

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