ECB POLICYMAKERS OPEN TO START DISCUSSING FUTURE RATE CUTS IN MARCH IF DATA POINTS TO INFLATION HITTING 2% THIS YEAR: SOURCES 🔸 ECB POLICYMAKERS SAY MARCH PIVOT WOULD PAVE WAY FOR RATE CUT MOST LIKELY IN JUNE: SOURCES
Look at smic (super micro). From 300 to 500 in days.
Vertiv is also doing great.
Market forget about plain IT like Logitech and focus on "next". And this next is AI. Maybe it will end up like blockchain, nft etc but it's a wave. You ride this wave till drop.
When I was in Oslo I passed by a showroom for that Chinese EV car maker. I forget the name. My God those cars were gorgeous. And there was a whole line of them.
Norway is a one of the leader in terms of EVs penetration In Europe.
EV‘s only work with massive subsidies. Take them away and the EV market breaks down.
Yes, China keeps subsidies for their industry players. They invested state money, hired best car designers from Europe etc. China need to stop this, if not then we would see more trade tarrifs.
in terms of US health care, I heard from one guy that US hospitals or centers dont share data with each other. if true, thats great for them (building so called walled garden) but not for society (in europea there is initiative to build european data healthcare spaces
In terms of market - Tech SPDR (XLK) keep doing new highs. Lately comms went up (telecoms like Verizon, T-Mobile US), and financial is doin still ok. Then Utilities went down, same for energy, staples etc. Its looks like classic boom frankly speaking from sector point of view.
Bitcoin - nice bottom at 38k. really. its just so obvious level. if this is real thing (bull run) then we wont visit e. g. 35k on BTC.
- populist movement in EU after EU elections (June 2024)
I follow tech space and one thing still amaze me - they keep cutting the headcount. Google just announced layoffs, same in Switzerland (their hq). In Poland in h1 2023 Microsoft was laying of people, now again). So the earnings is delivered also on lower cost of operations. It's getting stretched.
In terms of AI - the cost of processing is absurd. Most Of the services had to cost like 20-50 use at lease to cover the cost of computing. Most of the free AI apps will not fly. For sure semis are still the winner.
Also I don't get at least one point. If there is so much risk associated with war, why oil stays flat? Shouldn't it reach at least 100 usd per barrel so energy stocks again are a bargain?
Same for copper. If the whole world is going for war why copper stays flat? What metal do you need to make guns, trucks, tanks etc? The whole sector should go up.
Living on the Edge- 1/25/24
in The Daily Stool - Stock Market Message Board
Posted
Intel sold. Bad quarter right now, pc sales getting softer
Visa?