From the early morning Bloomberg! ❤️
'Acceleration of growth'
The U.S. Consumer Price Index for August (CPIAccording to statistics, the growth of the core index excluding food and energy accelerated contrary to market expectations. The increase in housing costs had an impact. Core CPI rose 0.3% compared to the previous month, marking the largest increase in four months. Housing costs, which account for the largest portion in the service sector, rose significantly by 0.5% compared to the previous month, marking a substantial increase since January. This increase has continued for two consecutive months.
Rate cut forecast
The rate cut that will be determined at the Federal Open Market Committee (FOMC) next week, in response to the CPI statistics, is expected to be limited to a 0.25-point decrease. Traders generally agree on this view. Even the economist at Citigroup revised his bold forecast, expecting a significant rate cut this month. On the other hand, David Solomon, CEO of Goldman Sachs Group, stated that there are signs of weakness in the labor market, and it is possible to have a 50 basis point rate cut, with the probability being in the low 30s.0.25 pointsOn the other hand, David Solomon, CEO of Goldman Sachs Group, stated that there are signs of weakness in the labor market, and it is possible to have a 50 basis point rate cut, with the probability being in the low 30s.SolomonCEO
Last minute
Japan's Nippon Steel is aiming for a last-minute realization of the acquisition of US Steel.Effort.started. Both companies publicly disclosed their negotiations with the United Steelworkers (USW) in writing, considering the misinformation circulating about their intentions, they decided to make the disclosure. Due to US Steel being headquartered in Pennsylvania, a key battleground state in the presidential election, the acquisition plan has become politicized with mentions in the election campaign. Moritaka Hiroshi, Vice Chairman of Nippon Steel, visited Washington for meetings with senior US government officials.
Boom Fading
The artificial intelligence (AI) boom that pushed the S&P 500 index to record highs islosing steam,said Mike Wilson, Chief Strategist at Morgan Stanley. The recent volatility is starting to show in semiconductor stocks, not just limited to NVIDIA. While there is great potential for AI to revolutionize productivity in the long run, focusing on short-term possibilities and driving up stock prices prematurely was deemed premature.
Tension
Nvidia's CEO Jensen Huang acknowledged that some customers are becoming increasingly dissatisfied with the fierce competition for the company's products due to supply shortages.Tensions are escalating."Demand is very high. Everyone wants to be first and everyone wants to be at the top," said Huang. "Emotional customers are likely increasing. It's intense," he added. Huang also pointed out that there is strong demand for the company's next-generation AI semiconductor, "Blackwell," and suppliers are making maximum efforts to catch up with the demand.
The U.S. Consumer Price Index for August (CPIAccording to statistics, the growth of the core index excluding food and energy accelerated contrary to market expectations. The increase in housing costs had an impact. Core CPI rose 0.3% compared to the previous month, marking the largest increase in four months. Housing costs, which account for the largest portion in the service sector, rose significantly by 0.5% compared to the previous month, marking a substantial increase since January. This increase has continued for two consecutive months.
Rate cut forecast
The rate cut that will be determined at the Federal Open Market Committee (FOMC) next week, in response to the CPI statistics, is expected to be limited to a 0.25-point decrease. Traders generally agree on this view. Even the economist at Citigroup revised his bold forecast, expecting a significant rate cut this month. On the other hand, David Solomon, CEO of Goldman Sachs Group, stated that there are signs of weakness in the labor market, and it is possible to have a 50 basis point rate cut, with the probability being in the low 30s.0.25 pointsOn the other hand, David Solomon, CEO of Goldman Sachs Group, stated that there are signs of weakness in the labor market, and it is possible to have a 50 basis point rate cut, with the probability being in the low 30s.SolomonCEO
Last minute
Japan's Nippon Steel is aiming for a last-minute realization of the acquisition of US Steel.Effort.started. Both companies publicly disclosed their negotiations with the United Steelworkers (USW) in writing, considering the misinformation circulating about their intentions, they decided to make the disclosure. Due to US Steel being headquartered in Pennsylvania, a key battleground state in the presidential election, the acquisition plan has become politicized with mentions in the election campaign. Moritaka Hiroshi, Vice Chairman of Nippon Steel, visited Washington for meetings with senior US government officials.
Boom Fading
The artificial intelligence (AI) boom that pushed the S&P 500 index to record highs islosing steam,said Mike Wilson, Chief Strategist at Morgan Stanley. The recent volatility is starting to show in semiconductor stocks, not just limited to NVIDIA. While there is great potential for AI to revolutionize productivity in the long run, focusing on short-term possibilities and driving up stock prices prematurely was deemed premature.
Tension
Nvidia's CEO Jensen Huang acknowledged that some customers are becoming increasingly dissatisfied with the fierce competition for the company's products due to supply shortages.Tensions are escalating."Demand is very high. Everyone wants to be first and everyone wants to be at the top," said Huang. "Emotional customers are likely increasing. It's intense," he added. Huang also pointed out that there is strong demand for the company's next-generation AI semiconductor, "Blackwell," and suppliers are making maximum efforts to catch up with the demand.
Morgan Stanley's chief strategist mentioned that AI has evolved from being a trend to becoming infrastructure.
From the era of horse-drawn carriages to automobiles powered by gasoline.
It has become a major industrial revolution, with EVs and hydrogen.
Gasoline cars 🚗, which continue to exist.
AI is also becoming an indispensable presence in the future.
I will be there with you. It's not just a short-term trend that causes a lot of excitement.![]()
Received a powerful message from Jensen, the CEO of Nvidia. 💪
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介護ばかりで心身壊れ鬱病（強迫性障害）の枯葉のおばちゃん('ω')投資は一心になれるので救いにもなってます。犬🐶好き❤️
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