report was typically blunt and intriguing,
" Zeitgeist: ‘Every billionaire minting same long T-bills, long Nasdaq barbell…biggest Q3 pain trade is lower yields, lower Nasdaq, plus higher Yen … no one has that on’ … Bonds are big, fat & trendy … Big levels breaking in 2-year yields & 5-year real rates ; more interesting is yield curve steepening despite off-the-clock U.S.
“GS US software analyst Kash Rangan explains that the technology’s ability to create new content in the form of text, image, video, audio, and code, and to do so via natural language rather than programming language, are its key transformative features … Sarah Guo, Founder of AI-focused venture capital firm Conviction, further explains that whereas prior iterations of AI technology required humans to write deterministic code to perform specific tasks or the painstaking collecting of training...
The report provides investment ideas. Microsoft, Alphabet and Amazon.com are listed under Global Hyperscalers. NVIDIA, Marvell Technology, Taiwan Semiconductor, Foxconn Industrial Internet, Unimicron Technology and Taiwan’s NYPCB are Global Enablers. The AI Empowered category features Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, Relay Therapeutics, Amgen and Exscientia.