In today’s briefing:
- Good Morning Japan | Spy Balloons?? SPX Holds; Google Responds with BARD; BOJ AMAMIYA Story Refuted!
- Weekly Stock Bullfinder – Week of 2/6
- Global Semiconductor Sales Increase 3.2% YoY In 2022
Good Morning Japan | Spy Balloons?? SPX Holds; Google Responds with BARD; BOJ AMAMIYA Story Refuted!
- OVERSEAS. SPX Pulls Back for 2nd day as Spy Balloons dominate – mkts just stretched; Google responds to ChatGPT with BARD; Dell cuts headcount as PC struggle continues
- JAPAN. NKY Fut flat vs Cash; USDJPY 132.63; Govt denies BOJ-Amamiya claim(really !); Son to skip Softban earnings call; Masa Takafumi wins Grammy with Sakura!
- DAILY NUGGET. MHI formalizes exit from Spacejet. No surprise as it has been on ice for 2 years. Opportunity to put a positive spin on the $7bn failure.
Weekly Stock Bullfinder – Week of 2/6
- According to BeSpoke investment firm research, the top 10% of the most heavily shorted stocks are up an average of 36.3% so far this year.
- This includes troubled retailer Bed Bath & Beyond (BBBY) whose shares surged by more than 18% Thursday, a day after they missed a Feb. 1 interest payment and warned that it might file for bankruptcy within weeks.
- Other stocks like online car dealer Carvana and any company which has anything remotely associated with artificial intelligence (AI) have seen similar spikes.
Global Semiconductor Sales Increase 3.2% YoY In 2022
- According to the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled $573.5 billion in 2022, the highest-ever annual total and an increase of 3.2% compared to the 2021 total of $555.9 billion.
- Monthly semiconductor sales peaked in May of 2022, reaching an all time high of %51.
- This marked the culmination of almost two years of sequential monthly semiconductor sales growth, driven in large part by the pandemic-driven return to growth in both PC and smartphone unit sales.
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