Woke up to a few pieces of good news
The two big risks— the Middle East and AI financing—both showed improvement on the same day.
1) There are signs of some easing in the Middle East. Officials from Iran, Saudi Arabia, Turkey, and Pakistan met in Tehran and agreed to continue consultations and strengthen cooperation. Markets think the risk has eased a little.
2) Global markets went from risk-off to risk-on by the close. Oil prices edged down, and U.S. stocks rebounded across the board. The Dow, S&P 500, and Nasdaq all rose, with the Philadelphia Semiconductor Index gaining the most. Lumentum rose 8%, ARM gained over 6%, and Intel and SK Hynix rose more than 4%...
Gold also reclaimed the $4,000 mark.
3) Three major pieces of news came out of the AI financing world, easing Wall Street’s biggest concern: “Where will the money for AI buildouts come from?” Meta is pursuing large-scale equity financing, SpaceX has secured commitments for GPU financing, and Anthropic has formally filed an IPO application.
4) Fund managers are cutting their losses in tech. According to quarterly fund reports, several funds managed by Jiao Wei of Yinhua Fund had semiconductor and technology stocks as their largest positions in the second quarter, with SMIC and Shennan Circuits among their new major holdings. By the third quarter, Shaanxi Coal Industry had returned to the top spot, while Suzhou Bank, Bank of Nanjing, Bank of Jiangsu, China Shenhua, PetroChina, and CNOOC all appeared among the major holdings. Technology stocks disappeared from the top ten.
Chasing energy, then tech; chasing tech, then turning back to banks...
Finally:
The CSI 300 Index has fallen for 11 straight weeks—11 “small” outcomes in a row. Surely this time it’s about to hit a “big” one...
Set up a recurring investment: #btc sol spacex pearl
The two big risks— the Middle East and AI financing—both showed improvement on the same day.
1) There are signs of some easing in the Middle East. Officials from Iran, Saudi Arabia, Turkey, and Pakistan met in Tehran and agreed to continue consultations and strengthen cooperation. Markets think the risk has eased a little.
2) Global markets went from risk-off to risk-on by the close. Oil prices edged down, and U.S. stocks rebounded across the board. The Dow, S&P 500, and Nasdaq all rose, with the Philadelphia Semiconductor Index gaining the most. Lumentum rose 8%, ARM gained over 6%, and Intel and SK Hynix rose more than 4%...
Gold also reclaimed the $4,000 mark.
3) Three major pieces of news came out of the AI financing world, easing Wall Street’s biggest concern: “Where will the money for AI buildouts come from?” Meta is pursuing large-scale equity financing, SpaceX has secured commitments for GPU financing, and Anthropic has formally filed an IPO application.
4) Fund managers are cutting their losses in tech. According to quarterly fund reports, several funds managed by Jiao Wei of Yinhua Fund had semiconductor and technology stocks as their largest positions in the second quarter, with SMIC and Shennan Circuits among their new major holdings. By the third quarter, Shaanxi Coal Industry had returned to the top spot, while Suzhou Bank, Bank of Nanjing, Bank of Jiangsu, China Shenhua, PetroChina, and CNOOC all appeared among the major holdings. Technology stocks disappeared from the top ten.
Chasing energy, then tech; chasing tech, then turning back to banks...
Finally:
The CSI 300 Index has fallen for 11 straight weeks—11 “small” outcomes in a row. Surely this time it’s about to hit a “big” one...
Set up a recurring investment: #btc sol spacex pearl