The market feels good today. Asian stocks clearly rebounded in morning trading: South Korea’s stock market rose 4%, the Nikkei 225 gained 1.3%, and $BTC wasn’t left behind either. A Jian thinks this is partly because U.S. earnings season has been going well: among the S&P 500 companies that have reported so far, 86% have exceeded market expectations. Meanwhile, oil prices are still rising today and the dollar is weakening again. With energy and financing costs in play, inflation expectations may continue to be affected.
In addition, Japan’s newly released export data suggest that semiconductor- and AI-related demand is supporting some Asian export economies, indirectly driving today’s stock market rebound. The rebound cannot be directly linked to industry conditions. In the second phase of AI, the most important question remains the one A Jian has always emphasized: can companies turn their enormous capital investments into actual profits? If expectations keep rising without that happening, valuations could still be repriced.#股票财报季
In addition, Japan’s newly released export data suggest that semiconductor- and AI-related demand is supporting some Asian export economies, indirectly driving today’s stock market rebound. The rebound cannot be directly linked to industry conditions. In the second phase of AI, the most important question remains the one A Jian has always emphasized: can companies turn their enormous capital investments into actual profits? If expectations keep rising without that happening, valuations could still be repriced.#股票财报季