Tesla is having a hard time with Apple. How much adjustment do you want?

AIsemiconductor #Apple #Tesla #Macro #Powell #Trump

NASDAQ 16,207(-0.41%)
10-year U.S. bond interest rate 4.2180% (+0.79%)
Dollar Index 103.833p (-0.05%) NDF 1,332 won (+1 won)

The three major U.S. indexes closed lower, but the Philadelphia Semiconductor Index closed around 1%. Nvidia and super microcomputer surged again. The semiconductor gains have continued indefinitely, with Intel, Qualcomm, and TSMC rising. Super microcomputer has also been decided to be incorporated into the S&P 500 index. Eli Lilly and Novono Disc are trading strong in New York. The two pillars of the U.S. stock market, AI semiconductor and obesity treatment sectors, are hard-carrying the market.

On the other hand, market concerns are growing as Tesla (-7%) and Apple (-2.6%) fall. What these two giant growths have in common is the Chinese market. Tesla plunged on news of declining sales in China in February. Sales in China in February were the lowest since December 2022. Apple fell on news of a 1.8 billion euro fine in Europe. Apple’s policy of cutting prices by 30% from in-app purchases was a problem, sending its share price down on the impact of a much larger penalty than the originally expected 500 million euros.

The earnings season is over, and macro indicators are now beginning to be released. Important indicators such as ISM service industry PMI, ADP private employment, JOLT’S, and employment reports will be released this week. Powell’s speech at the National Assembly from the 6th to the 7th is also waiting. Macro indicators and Powell’s speech could increase monetary policy-related volatility once again ahead of the FOMC in March.

Ahead of Super Tuesday, a U.S. Supreme Court ruling upheld the eligibility of former President Trump for inciting insurrection. It’s bad news for sectors like eco-friendly and secondary batteries.