2024. 3. 19. 08:00ㆍU.S. Economic Stock Market Outlook
Tesla led the Nasdaq`s rise. It is fair to say that the Nasdaq`s rise was attributed to a rise of more than 4 percent due to Bloomberg news that Tesla and Alphabet`s AI Jeminai, which predicted higher car prices than Nvidia, might be embedded in Apple phones next time. At the conference yesterday, NVIDIA CEO Hwang introduced Blackwell, the next-generation GPU. But it seems that Korean companies have been pushed back again to produce it using TSMC technology. In addition, NVIDIA shares rose more than 5 percent before the conference, ending up 0.8 percent higher and falling on the over-the-counter market.
Today's checkpoint will also be the Bank of Japan's abandonment of negative interest rates. The Japanese market rose yesterday on the news that Japan would give up negative interest rates. It seems to have been almost accepted as a given. We will have to wait and see how much funds will come in from overseas for the yen's movement and high profits.
The FOMC meeting, which begins today, will also be an important event. Last week, the INFR index came up, and we will have to see if Fed members will maintain more than three rate cuts at this meeting, if there is any change in the extent, and when the rate cuts will begin. The dot plot is of utmost interest.
Iraq and Saudi Arabia have announced additional production cuts, and the price of oil has exceeded $82, coupled with China's growing demand. Moreover, the news of drone strikes in Russian oil fields has raised concerns about supply. Saudi Arabia will desperately need high oil prices to stabilize the country's finances and build Neom City, and Putin, who has ruled for six years again, may feel the same way.
I expect the call I bought yesterday will be profitable, but I don't think it will be that big. If it makes a profit, I'll be grateful and exit well. I look at the meeting calmly that there will be no big change in the FOMC meeting, but I think the war between the forces that argue that the rate cut should be delayed in an environment where the inflation index is rising and oil prices are also rising and the members that the rate cut should be cut quickly as a precaution against the economic downturn will be no joke. If the prices of call and put die, it's best to buy both at a time like this, but I'm going to see if the volatility dies tomorrow.
Borrowing books from the library has two advantages. I don't have to buy books that I don't have to keep and I have to read the rest no matter what during the loan period, so I read books as if I were doing homework. I feel that our country has become an advanced country when I use the library. I still like the ink smell of books because I'm an old person. Good luck today, everyone.
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