Daily Brief Thematic (Sector/Industry): Ohayo Japan|SPX Up Again; Fed Pause/Hike? NUGGET: Kyocera ISS Recommended Vote Doomed and more

In today’s briefing:

Ohayo Japan|SPX Up Again; Fed Pause/Hike? NUGGET: Kyocera ISS Recommended Vote Doomed, But…
KOSPI Index – Banks Hardly Participating
Weekly Stock Bullfinder – Week of 6/12

Ohayo Japan|SPX Up Again; Fed Pause/Hike? NUGGET: Kyocera ISS Recommended Vote Doomed, But…

OVERSEAS. SPX Closed +0.1% on Friday/WoW +0.4% confirming Bull Market; Fed Decision this week – Market See Pause; TESLA +4.1% Seals Deal with GM on its Super Chargers
JAPAN. NKY Futs flat vs Cash; Japan Continues to focus on AGMs; Record number Proposals submitted to 90 companies; Buybacks to hit record in 2023 say SMBC Nikko
NUGGET. Kyocera: ISS recommended AGM vote doomed but there is good news…

The KOSPI Index has done well in recent weeks, months, but financials are hardly participating
There are vast differences amongst the financial in Korea, not only large Chaebol-like banks
Kakaobank, one of few listed internet banks in the world, is unique with ROA expansion

“Big Infrastructure”- Under the Surface Megatrend Continues While AI/semiconductors and related Big Tech names such as Microsoft, Nvidia, Meta, Alphabet, etc. capture significant attention within the business media today, secular growth pockets in the infrastructure space don’t seem to be gathering as much attention as it probably should deserve in the infrastructure space.
As shown in recent legislation, one of the few areas of agreement within a divided US Congress is infrastructure investment and spending.
Passed in November 2021, the the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act unleashed $550 billion in new spending for things like roads and bridges ($110B), power grid modernization ($65B), railroads ($66B), water infrastructure ($55B), airports ($25B), etc.

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