AI: Do Not Underestimate It

🧠 🧠 Bank Of America: “We believe AI is different because the key players are global CSPs [cloud service providers] and enterprises, vs. mostly start-ups focusing on consumer market during the Internet and the VR bubbles. CSPs/enterprises invest AI-related capex to enhance/create business models and increase sales/efficiency”
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HSBC Still Sees JPY Firming

🇯🇵 🇯🇵 HSBC analysts predict modest strength in the yen; recovery expected this year
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Aussie Consumer Confidence Surges

🇦🇺 🇦🇺 Weekly survey of Australian Consumer Confidence 84.8, its highest in nearly a year
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Japan Headline Inflation Remains Above 3%

🇯🇵 🇯🇵 Tokyo headline CPI for December 2.4% y/y (prior 2.6%). Underlying inflation, the core-core measure, remains well above 3%

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As We Said—It’s A Correction

🚨 🚨 The S&P 500 moved in a literal straight line higher for the entirety of its trading session on Monday. Since the morning, the S&P 500 has added ~$500 billion in market cap. The index now stands less than 2% away from a fresh all time high. It also happens to be *the first day of 2024 with a sharp move higher in the Magnificent 7
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Bitcoin ETF Should Arrive Wed

🚨 🚨 BREAKING: Some Bitcoin ETFs are likely to be approved on Wednesday with trading beginning by Friday
Crypto markets have added nearly $600 billion in market cap since September 2023 in anticipation of this
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Cytokinetics Surges

🚨 🚨 Cytokinetics jumps on report Novartis in advanced talks to purchase
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Malaysia: What To Do In 2024

🇲🇾 🇲🇾 We would like to wish all Malaysians a prosperous and exciting 2024. In order to make sure this year is unlike any other, this video will give you great ideas to make money
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UBS To Grow China Business

🇨🇭 🇨🇭 UBS Group AG aims to grow its wealth and asset management business in China, despite the slowing economy and dearth of deals that’s weighed on some Wall Street and European lenders in the country
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