In today’s briefing:
- Ohayo Japan| Powell Drives Fear into Equities/Tech; NUGGET: Mit Motors(7211)-Fruitless Uphill Climb
- Encouraging Signs in Recent Semi Stats
Ohayo Japan| Powell Drives Fear into Equities/Tech; NUGGET: Mit Motors(7211)-Fruitless Uphill Climb
- OVERSEAS. SPX -0.5% with Tech highflyers bearing the run of the decline; Fed Chair Powell thinking two more hikes this year; Tesla downgraded as rally not backed back fundamentals
- JAPAN. NKY Futs -0.1% Disc to Cash; Expect Japan tech to take the signal from the US; Kishida vow to deliver on wage growth; Panasonic and Mazda do battery deal
- NUGGET. Mitsubishi Motors(7211) – Issues in China fully capture the stuggles for OEMs without a competitive BEV product/strategy.
Encouraging Signs in Recent Semi Stats
- Chip revenues have been up for two months in a row. Could this be the start of a trend?
- Commodity prices indicate that the “Collapse” phase of a price downturn has ended, and that prices will now follow costs
- DRAM and NAND makers should remain unprofitable until mid 2024, although their revenues can begin to steadily rise. Other chip makers will do better.
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