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Micron Technology (MU.O) CEO: Computing architectures are expected to become more reliant on storage.Fitch: The U.S. private credit default rate will fall to 5.4% in February 2026.On March 19th, Yonhap News Agency reported on the 18th that a vote involving over 66,000 members of the Samsung Electronics union showed that 93.1% of union members supported a strike. Barring major changes, the Samsung Electronics union members will hold a full-scale strike from May 21st to June 7th. Media analysis suggests that the planned large-scale strike could affect half of the semiconductor factorys capacity in Pyeongtaek, Gyeonggi Province. If the strike lasts two to three weeks, Samsung Electronics could suffer losses of $3.4 billion to $6.8 billion. Furthermore, Samsung Electronics previously achieved mass production and shipment of its sixth-generation high-bandwidth memory (HBM4), which is used by US chipmaker Nvidia in its next-generation artificial intelligence platform. A large-scale strike during this critical production phase would directly impact product deliveries from downstream AI manufacturers. Industry analysts believe that if Samsung Electronics output is constrained, it will further drive up the prices of related products, causing market volatility.The probability of a Fed rate cut continues to decline, with interest rate futures pricing in a 13-basis-point rate cut this year, down from 17 basis points at the end of Powells press conference.Micron Technology (MU.O): Expects to significantly increase R&D investment in fiscal year 2027.

Stock Markets Await the CPI Figures

Skylar Shaw

Jun 10, 2022 14:36

The Technical Analysis of the S&P 500

The S&P 500 attempted to climb in the futures market on Thursday, but as you can see, we've given up a lot of those gains. As we await the important CPI statistics on Friday, stock markets have sunk a little. The CPI figures will have a significant impact on what people anticipate the Federal Reserve to do in terms of monetary policy. Finally, this market seems to be prepared to maintain its volatility, but once we get this figure, individuals will want to get involved and gamble on rates.


The bond market suggests that speculators are expecting the CPI statistic to be very high, causing the stock market to fall. On the other side, if the figure comes in indicating indications of slowdown, we may be able to push this market over the 4200 level. The 4200 level is now a short-term resistance barrier that the market has been battling. If we can get through that level, the 4300 level will be our next objective and a far more formidable resistant barrier.


If the market falls below the 4070 level, we are likely to see a drop to the 4000 level, and then to the 3900 level. More pressure might lead to a move back to the 3800 level, from where the market has recovered. In any case, I'm not a big fan of the stock market, but it seems like we're moving back and forth and seeking for some kind of directionality in the near run.

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