New York Stock Exchange and Bitcoin "Entering Extreme Fear Zone"

Nvidia Earnings Release… Tesla Palantir Nvidia Rigetti IonQ Shakes Fed FOMC Rate Cuts Full Readjustment

The New York Stock Exchange is fluctuating due to concerns about stagflation, a rapid economic downturn while prices remain high. The New York Stock Exchange fear index is skyrocketing. According to CNN’s fear and greed index, investor sentiment on this day entered the ‘extreme fear’ zone for the first time since December of last year.

In particular, the New York Stock Exchange was put on emergency alert as the consumer confidence index plummeted. Not only the New York Stock Exchange, but also the dollar exchange rate, government bond interest rates, international oil prices, gold prices, and virtual cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Solana are being adjusted. Due to rising prices and economic recession, the Federal Reserve FOMC has also entered a full-scale readjustment of interest rate cuts. Tesla, Nvidia, Bitcoin, Tesla, Nvidia, Rigetti, and IonQ are all shaking greatly on the New York Stock Exchange. Nvidia’s earnings announcement is the biggest issue on the New York Stock Exchange.

In addition, as concerns about sluggish sales of artificial intelligence semiconductors are raised due to reports that cloud company Microsoft MS has canceled its data center lease, semiconductor technology stocks such as Nvidia, Broadcom, AMD, and Palantir are fluctuating, and the soon-to-be-announced US PCE inflation rate is also shaking the New York Stock Exchange. In light of the situation where consumer prices are rising again, there are predictions that the PCE inflation rate will also stimulate inflation concerns. The fact that the Federal Reserve FOMC is carrying out a comprehensive readjustment of the gold-ring-niha rate due to inflation concerns is weighing on the New York Stock Exchange. In addition to the New York Stock Exchange, the dollar exchange rate, government bond yields, international oil prices, gold prices, Bitcoin, Ethereum, Ripple, Solana, and other virtual cryptocurrencies are closely watching the Fed FOMC’s interest rate cut revision movements. Nvidia, Broadcom, AMD, Palantir, Rigetti, EionQ, and Tesla are attracting attention due to the semiconductor shock.

<New York Stock Exchange Bitcoin Weekly Announcement Schedule>
February 26 = New home sales / Atlanta Fed President Raphael Bostic’s speech / Nvidia and eBay earnings announcement

Nvidia Earnings Release… Tesla Palantir Nvidia Rigetti IonQ Shakes Fed FOMC Rate Cuts Full Readjustment

New York Stock Exchange Cryptocurrency Enters Extreme Fear Zone / Photo = Reuters

<New York Stock Exchange Bitcoin Weekly Announcement Schedule>
February 26 = New home sales / Atlanta Fed President Raphael Bostic’s speech / Nvidia and eBay earnings announcement

https://afe5766a5a660083f2c17a7a39438d0c.safeframe.googlesyndication.com/safeframe/1-0-41/html/container.htmlFebruary 27 = Initial jobless claims / US durable goods orders / US fourth quarter GDP growth rate (preliminary) / Preliminary home sales / Federal Reserve Vice Chairman Michael Barr’s speech / Federal Reserve Governor Michelle Bowman’s speech / Cleveland Fed President Beth Hammack’s speech / Philadelphia Fed President Patrick Harker’s speech / Hewlett-Packard and Dell earnings announcements
February 28 = US personal consumption expenditures (PCE) / US balance of trade in goods / Chicago Purchasing Managers’ Index (PMI) / Chicago Fed President Austin Goolsbee’s speech / Richmond Fed President Thomas Barkin’s speech The

New York stock market plunged, returning to the price before President Donald Trump’s inauguration. On the New York Stock Exchange, the Standard & Poor’s (S&P) 500, a large-cap benchmark, closed at 5,955.25, down 0.47%, and the Nasdaq Composite Index, centered on technology stocks, closed at 19,026.39, down 1.35%. It has been falling for four consecutive trading days. Compared to just before President Trump’s inauguration (January 21), the S&P 500 and the Nasdaq are down 0.18% and 3.08%, respectively. Only the Dow Jones Industrial Average, a group of blue-chip stocks, rose 0.31%. Compared to the 2024 presidential election day (November 5), the S&P 500 and Nasdaq are still up 4%. The decline in the stock prices of the “Magnificent 7” (M7), the seven major U.S. technology stocks, led the index decline. Tesla led the decline with a 37% plunge. Amazon, Microsoft (MS), and Alphabet fell more than 8%, while Apple and Nvidia fell 2% each. Metaplatform was the only one to rise by 6%. During this period, M7’s market cap evaporated by $1.5 trillion (KRW 2,140 trillion).

Tesla’s stock price plunged more than 8%, finally breaking the $1 trillion mark. This is the first time Tesla’s market cap has fallen below $1 trillion since November of last year. The news that sales in the European market plunged 45% compared to the same period last year was ‘complicated’ bad news. AI leader Nvidia is scheduled to release its earnings after the market closes on the 26th. There is analysis that concerns that President Trump’s tariff threat will weaken the US economy and stimulate inflation are weighing on investor sentiment. President Trump repeatedly emphasized on the 24th that the 25% tariff on Canada and Mexico, the US’s major trading partners, will be implemented starting next month. The Conference Board’s consumer confidence index for February, released today, fell by the largest margin since 2021.As the market braces for uncertainty, people are moving out of stocks and into safe assets such as U.S. Treasuries. There is a move to sell off risky assets such as cryptocurrencies such as Bitcoin, Ethereum, and Ripple. The 10-year U.S. Treasury yield fell 11bp (1bp = 0.01%) from the previous day to 4.283%. This is the lowest level since early December last year. Bitcoin prices also plunged 8% from 24 hours ago. This is the first time in three months that Bitcoin prices have fallen below $90,000 since mid-November last year. The decline in large technology stocks continued a day before the announcement of Nvidia’s earnings, the “darling of the artificial intelligence (AI) era.” The

Dow Jones Industrial Average, a blue-chip group on the New York Stock Exchange (NYSE), closed at 43.621.16, up 159.95 points (0.37%) from the previous day. The large-cap benchmark Standard & Poor’s (S&P) 500 index was down 28.00 points (0.47%) from the previous day at 5,955.25, and the technology-heavy Nasdaq Composite Index was down 260.54 points (1.35%) at 19,026.39. The S&P 500 index and Nasdaq index have been falling for four consecutive trading days. The consumer confidence index for February announced by economic analysis organization Conference Board (CB) was 98.3 (based on 100 in 1985), down 7.0 points from the previous month and recording the largest monthly decline since August 2021. It also fell significantly short of market expectations (102.5). The short-term outlook for income and labor markets, the expectations index, recorded 72.9, down 9.3 points from the previous month, falling below the threshold (80) that signals an economic recession for the first time since June of last year. The stock price of ‘AI defense stock’ Palantir fell for the fifth consecutive trading day, falling 3.13%. It fell 29.95% compared to the all-time high ($125.41) set on the 19th, just four trading days ago. Server manufacturer Super Micro Computer’s stock price plunged 11.76% on the day when the extended deadline for submitting its accounting reports expired last year. If Super Micro Computer fails to submit its accounting reports by that day, it could be delisted from the Nasdaq Stock Exchange.

Among the Magnificent 7 (M7), only Amazon (0.04%) barely rose, while the remaining six stocks, Nvidia, Microsoft (1.51%), Apple (0.02%), Google parent Alphabet (2.14%), Tesla (8.39%), and Facebook parent Meta (1.59%), fell. Tesla’s stock price plunged more than 8%, causing its market cap to collapse below $1 trillion. This is the first time Tesla’s market cap has fallen below $1 trillion since November last year. News that sales in the European market plunged 45% year-on-year added to the bad news. Home Depot, the largest building materials and home goods retail chain in the U.S., posted better-than-expected earnings and its stock price rose 2.84%, giving investors a sense of relief and contributing to the Dow’s rise. The company emphasized that the performance was achieved “due to the uncertain macroeconomic environment and high interest rates that adversely affected the demand for home improvement.” The stock price of Walmart, the largest retail company in the U.S., rose 4.29%, recording the highest return among Dow Jones Industrial Average constituents.

As risk asset preference showed signs of shrinking due to economic uncertainty in the U.S., cryptocurrency prices fell. Bitcoin is at its lowest level in three months. Stock prices of Bitcoin-related companies also slid. MicroStrategy, famous for holding the largest number of Bitcoins, plunged 11.41%. Coinbase, the largest cryptocurrency exchange in the U.S., fell 6.42%, and Robinhood, a trading platform preferred by individual investors, fell 8.03%. According to the FedWatch tool of the Chicago Derivatives Exchange Group (CME Group), as of the closing time of the market on that day, the probability that the Fed would cut the base interest rate by 25bp (1bp = 0.01%) or more in the first half of this year was reflected as 69.2%, and the probability of freezing it was reflected as 30.8%. The possibility of a cut of more than 25bp has increased by 6.4 percentage points compared to the same time the previous day, and the possibility of a freeze has decreased by that much. The Volatility Index (VIX) compiled by the Chicago Board Options Exchange (CBOE) pointed to 19.43, up 0.45 points (2.37%) from the previous day.

Bitcoin spot exchange-traded funds (ETFs) listed on the New York Stock Exchange recorded a net outflow of more than 500 million dollars (about 710 billion won). This is the fifth largest amount since its launch in January last year. Fidelity’s Wise Origins Bitcoin Fund (FBTC) had a net outflow of 247 million dollars. This was followed by BlackRock’s iShares Bitcoin Trust (IBIT) with 158.6 million dollars and Grayscale’s Bitcoin Trust (GBTC) with 59.5 million dollars. The trend of Bitcoin spot ETF outflows continues. There was also an outflow of $78 million (about 111.5 billion won) from the US Ethereum spot ETF. The net outflow from the virtual asset market is due to the hacking incident on the 21st, which is believed to be the work of the North Korean hacking group ‘Lazarus’, which is dampening investor sentiment. $1.46 billion (about 2.1 trillion won) worth of coins were stolen from Bybit, one of the world’s largest virtual asset exchanges, through hacking. The Bybit hack is the largest ever and has raised concerns about the security of digital asset platforms.

A key figure at the Federal Reserve, the central bank of the United States, has assessed that the inflation risk from President Donald Trump’s tariff policy may not be significant. According to the Financial Times (FT), Federal Reserve Governor Christopher Waller said at an event held in Australia that day regarding the impact of tariffs, “It will only raise prices in a modest and non-persistent manner.” This is a different view from many within the Fed, and the FT explains that it is understood that tariff policies should not affect the Fed’s decision on the base interest rate. Director Waller said, “(The indicators) do not support a base interest rate cut at this point,” but predicted that it could fall over the next few quarters as companies tend to raise their product prices at the beginning of the year. He added, “We will monitor the indicators for the next few months and assess whether the pattern of high inflation in the first quarter and then falling will repeat itself,” and said that if the price trend this year is similar to last year, it would be appropriate to cut the base interest rate at some point during the year. Director Waller was nominated by President Trump in 2020, during his first term in office, and was mentioned by foreign media as a candidate for the next Federal Reserve Chairman.

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New York Stock Exchange and Bitcoin “Entering Extreme Fear Zone”

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