In today’s briefing:
- Semiconductor Events Deserving Your Attention @16/10/23
- Ohayo Japan | Index Finishes Higher, Led by Tech; Honda/MitCorp Vision for Clean Energy
- Solving the 2024 Logistics Problem Key to Japan Consumer Market Efficiency
- Lessons from History: The Rise and Fall of the Telecom Bubble
- Furniture/Furnishings Weekly – Gray Skies over High Point; Cloudy Conditions for Industry
- The Highlights – Cannabis News for the Week Ending October 13, 2023
Semiconductor Events Deserving Your Attention @16/10/23
- Samsung’s pre-earnings release indicates revenue increased 11.6% QoQ and operating profit has increased almost 4x QoQ.
- According to Garner, Q323 PC unit shipments rose 7.7% QoQ. While this is the second such quarter of sequential growth, shipments in the third quarter were still down 9% YoY
- ASPEED’s monthly revenue grew 32% sequentially in September. After 8 months of flat to no growth, this marks a clear turn around in the server market.
Ohayo Japan | Index Finishes Higher, Led by Tech; Honda/MitCorp Vision for Clean Energy
- Overseas: SPX +1%, Nasdaq +1%; Stock rally was broad-based; energy lagged on lower oil price.
- Today: NKY Futs +1% vs cash. JPY 149.5; MHI demonstration plant for CO2 liquification; Uniqlo raises salaries in China
- JapanX: Beyond the Road: Honda and Mitsubishi’s Vision for Clean Energy
Solving the 2024 Logistics Problem Key to Japan Consumer Market Efficiency
- The so-called 2024 problem will cause significant disruption to logistics in Japan, including potentially higher costs for major firms like Yamato and Sagawa.
- Already, companies that move product by road, and particularly those working in e-commerce, are working hard to come up with solutions to reduce the impact of the new rules.
- For the better-resourced businesses, this could lead to more efficient supply-chains in the long run, creating more efficiencies within Japanese consumer markets.
Lessons from History: The Rise and Fall of the Telecom Bubble
- The Internet and Telecom bubble. Lessons in leverage, rates, and a smattering of fraud. What can we learn from that period to compare it to the current AI infrastructure build?
- It’s time for a history piece. I didn’t touch the internet and telecom bubbles in my last history piece, but I wanted to save an entire piece for it.
- I think it’s the best analogy for the historic boom in AI and infrastructure. Let’s see if there are lessons to learn from the past.
Furniture/Furnishings Weekly – Gray Skies over High Point; Cloudy Conditions for Industry
The Fall Furniture Market in High Point, N.C. brought the industry together last week to do business, celebrate successes, and commiserate.
We spent the day Saturday, the official opening day, while buyers and vendors had been there since the prior Tuesday.
The sky over High Point was gray and wet. So was the mood.
The Highlights – Cannabis News for the Week Ending October 13, 2023
Despite the turmoil in the Middle East, the MSCI World Index gained 0.36%, while the S&P 500 rose 0.94%.
The Russell 2000 underperformed again, losing 1.58%, while the NASDAQ climbed 2.35%. YTD, the Russell 2000 is -2.35%, the S&P 500 is +12.83, and NASDAQ is +28.10%.
This is surprising, as small caps typically lead off a bear market bottom. However, during this cycle, large tech is leading the way.
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