The past week was relatively uneventful. Both U.S. equities and cryptocurrencies remained in a broad consolidation phase, characterized by alternating gains and losses with rapid directional shifts. Despite numerous data points indicating that the U.S. is not in a recession…
Rate Cuts: What’s Next? Over the past few weeks, updates have been paused due to the CFA exam. Before diving into recent market trends, let’s revisit AI and its related investment opportunities. During my CFA studies, I found ChatGPT to…
As we noted last week, global equity assets performed strongly this week, with gold hitting new highs and bond markets remaining remarkably stable. After a rapid adjustment, the global bond market has now entered a bottleneck period, indicating that uncertainties…
This week, the U.S. released its July economic data, with CPI falling from 3.0% to 2.9% and retail sales rising by 1.0% month-on-month, both surpassing market expectations. Following the release of these figures, global stock markets quickly rebounded, recession fears…
This week, global markets experienced a rollercoaster ride, sparked by last Friday’s increase in the U.S. unemployment rate to 4.3%, which triggered the Sahm Rule and led to significant turbulence in global financial markets. Signs of this volatility were already evident…
Last week was a major week for macroeconomic data, starting with the Federal Reserve’s meeting decisions. The meeting summary saw some changes in the wording: significant progress on inflation, relatively moderate employment, and maintaining the current interest rate levels. The…
Super Central Bank Week: Global Monetary Policy Enters a New Phase On the evening of August 2, the U.S. non-farm payrolls data showed a sharper-than-expected decline, and the unemployment rate unexpectedly rose to 4.3%, setting the tone for global capital…
In our shared professional experience, we have been involved in applying deep learning to economic research, fortunate to be among the first in the country to explore this combination. Since the rise of ChatGPT in 2022, the core position of…
Last week’s market volatility was primarily driven by non-macro factors in what can be termed a “macro-light week.” The first factor was Trump’s survival after being shot, and the second was the US imposing further sanctions on China’s semiconductor industry.…
On July 18, the four-day Third Plenary Session concluded. Overall, the disclosed information did not exceed our expectations and did not provide direct answers to the challenges facing current economic development. Although the documents from the Third Plenary Session primarily…
