Chaos timeline (July 27 to 29)
Monday, July 27 (Kimi K3 Shock): The release of the open weights of Kimi K3 will directly impact the technology sector and AI hardware. If companies confirm they can save billions by using this free software instead of buying expensive chips, the tech selloff will continue with force.
Tuesday, July 28 and Wednesday, July 29 (The FED speaks): The U.S. Federal Reserve (FED) sets its meeting on interest rates. If the FED is strict or delivers a negative message about the economy, institutional money will flee risk assets to take refuge in cash.
The Chinese move—if it means seeing KIMI K3 catch fire and forcing the Americans to cut rates—that would mean a cheaper dollar and a stronger Chinese currency.
When Kimi K3 uncertainty mixes with fear of the central bank (the FED), investors apply an automatic rule on Wall Street: “Sell first and ask questions later.”
Giorgio Sferraza
Monday, July 27 (Kimi K3 Shock): The release of the open weights of Kimi K3 will directly impact the technology sector and AI hardware. If companies confirm they can save billions by using this free software instead of buying expensive chips, the tech selloff will continue with force.
Tuesday, July 28 and Wednesday, July 29 (The FED speaks): The U.S. Federal Reserve (FED) sets its meeting on interest rates. If the FED is strict or delivers a negative message about the economy, institutional money will flee risk assets to take refuge in cash.
The Chinese move—if it means seeing KIMI K3 catch fire and forcing the Americans to cut rates—that would mean a cheaper dollar and a stronger Chinese currency.
When Kimi K3 uncertainty mixes with fear of the central bank (the FED), investors apply an automatic rule on Wall Street: “Sell first and ask questions later.”
Giorgio Sferraza