The New York Stock Exchange recovered from

The New York Stock Exchange recovered from yesterday's volatility with a very strong elasticity. Although the Fed hinted at the possibility of prolonged high interest rates and predicted that the rate cut could be delayed, what the market paid attention to was that there would be no additional rate hikes.

This is likely to have a significant impact on the future direction of the market, because the ceiling of future interest rates and dollars has been closed by nailing the fact that there is no additional rate hike.

With Chairman Jerome Powell's remarks to rule out rate hikes, government bond rates and the dollar are now likely to come under significant downward pressure. And prices are now very likely to be near-term peaks.

It peaked this year following the end of last year, when the Fed's tightening stance was at its peak, but now the upper chamber is blocked. Interest rates and weak dollar movements shown today will be a positive signal for risky assets.

The weak dollar will be a boon to Big Tech. This is because by increasing the purchasing power of emerging, global conglomerates such as Big Tech can become more competitive. On the other hand, as the US economy is now under downward pressure, small and medium-sized stocks affected by the real economy will have no choice but to deal with the long-term narrative of high interest rates.

Today's market also showed the same trend. While small and medium-sized stocks and a wide range of markets led the rally so far, big tech and large caps led the market yesterday and today. It should be noted that both the Nasdaq and the S&P 500 showed weakness in the same weighting index, and that the big tech index versus the Nasdaq is beginning to make a new high.

Of course, if interest rates and dollars turn weak, the possibility of low-priced buying will also be seen, given that cryptocurrencies including Bitcoin could be strong. In fact, Bitcoin is lowering its low point, but Ethereum's diversity, which raises its low point, also seems positive.