ETF Tracker StatSheet          You can view the latest version here.METALS KEEP SHINING, TECH KEEPS WHINING – WHAT’S NEXT?[Chart courtesy of MarketWatch.com][Chart courtesy of MarketWatch.com]Moving the marketThe Dow kicked things off by flashing a fresh record high—value and cyclicals were still getting love while everyone kept dumping tech.But that early pop ran out of gas fast, and by mid-morning all three major indexes were sliding into the red, with the Nasdaq taking the biggest beating.The main villai ...

特朗普：倾向于由沃什或哈塞特领导美联储 美国总统特朗普表示，他倾向于由前美联储理事沃什或国家经济委员会主任凯文·哈塞特在明年领导美 联储。 特朗普说，他认为下一任美联储主席应该就利率的设定与他进行磋商。 "通常情况下，这种做法已经不存在了。以前经常这样做。应该这样做，"特朗普说，"这并不意味着 ——我不认为他应该完全按照我们说的去做。但可以肯定的是，我是一个聪明的声音，应该被倾听"。 1、特朗普：倾向于由沃什或哈塞特领导美联储 2、美联储官员就降息是否会危及抗通胀信誉展开激辩 3 、甲骨文为OpenAI打造的部分数据中心完工期推迟至2028年 4 、博通暴跌 步甲骨文后尘 令押注人工智能的投资者失望 5、特朗普拟放宽大麻管制 大麻类股应声上涨 6、美联储保尔森：劳动力市场风险大于通胀风险且政策仍偏紧 来源：环球市场播报 全球财经媒体昨夜今晨共同关注的头条新闻主要有： 消息人士称，这些延误主要是由于人力和材料短缺所致。 美联储官员就降息是否会危及抗通胀信誉展开激辩 美联储官员周五再次阐明了本周降息为何如此充满争议，在公开评论中，一位官员认为，如果劳动力市 场走软，央行还有继续降息的空间，而其他官员则警告称，降息 ...

Group 1 - President Trump prefers former Fed Governor Waller or NEC Director Hassett to lead the Federal Reserve next year, emphasizing the need for consultation on interest rate decisions [4][20] - Trump believes that the next Fed chair should consider his opinions, stating that he is a "smart voice" that should be heard [4][20] Group 2 - Federal Reserve officials are debating whether a rate cut could jeopardize the central bank's anti-inflation credibility, with some arguing for continued cuts if the labor market weakens, while others warn against potential risks to inflation achievements [7][22] - The Fed recently voted to lower the benchmark interest rate by 0.25 percentage points to a range of 3.5%-3.75%, with a notable dissent from three members, marking the first time since 2019 that three decision-makers formally opposed a rate cut [7][23] Group 3 - Oracle has delayed the completion of some data centers for OpenAI from 2027 to 2028, primarily due to labor and material shortages, resulting in a 4.5% drop in Oracle's stock price [9][25] Group 4 - Broadcom's stock fell 11% after disappointing sales outlooks for the AI market, marking the largest drop in ten months, as CEO Tan expressed concerns about meeting investor expectations [11][28] Group 5 - President Trump is expected to instruct his administration to reclassify marijuana as a lower-risk substance, which could represent a significant shift in U.S. marijuana policy, leading to a rise in cannabis stocks [13][30] - A White House official indicated that no final decision has been made regarding the reclassification of marijuana [14][32] Group 6 - Philadelphia Fed President Harker expressed concerns that risks in the labor market outweigh inflation risks, predicting a potential cooling of inflation next year [16][33] - Harker noted that the labor market is "bending but not breaking," with hiring concentrated in healthcare and social services, indicating broader hiring remains weak [16][34]

Core Insights - Broadcom's Q4 revenue increased by 28% year-over-year to $18 billion, with GAAP net income rising 97% to $8.5 billion and adjusted EBITDA reaching $12.2 billion, or 68% of revenue, up 34% year-over-year [4][6]. Financial Performance - Q4 revenue: $18 billion, up 28% YoY [4][6] - GAAP net income: $8.5 billion, up 97% YoY [6] - Adjusted EBITDA: $12.2 billion, 68% of revenue, up 34% YoY [6] - GAAP diluted EPS: $1.74, up 93% YoY [6] - Pro forma EPS estimates for fiscal years 2026-2027 raised by 8% to $10.33 and $14.40 respectively [4]. Customer and Market Developments - Broadcom confirmed Anthropic as its fourth customer with an additional $11 billion in orders for late 2026 delivery [5]. - A fifth customer is designing its own custom ASIC with a $1 billion initial delivery order in 2026 [5]. - Partnership with OpenAI remains intact for deploying 10 GW of custom compute capacity from 2026 to 2029 [5]. Competitive Landscape - Marvell Technology announced its acquisition of Celestial AI, a developer of Photonic Fabric technology, which may impact Broadcom's competitive positioning [2]. - Hock Tan, Broadcom's CEO, acknowledged the potential future importance of silicon photonics but stated that current technology improvements are still viable without it [3]. Strategic Partnerships - Broadcom extended its partnership with ING, which will adopt VMware Cloud Foundation 9.0 as part of its private cloud strategy [9]. - Plans to expand partnership with NEC Corporation for implementing VMware Cloud Foundation into its IT systems [12]. Product Innovations - Broadcom launched Brocade X8 Directors and Brocade G820 56-port switch, the first 128G Fibre Channel platforms designed for mission-critical workloads and enterprise AI applications [11].

You have different sets of data. They gave us a figure which was a $73 billion backlog. >> Yep.>> This morning quite clearly the market would like to see a revenue number that's forward-looking. >> Yep. >> Yep.That's true. So, uh, so you're right. I think the I think what's interesting here, the reason why Broadcom is down is not about the is not about how revenue has perhaps missed expectations.First and foremost, some of the company actually beat and raised uh guidance. AI AI sales were above expectations ...

In addition, Cleveland Fed President Beth Hammack said, "I would prefer for the Fed to be on a slightly more restrictive stance to help continue to put pressure" on the inflation side of its mandate.Hawkish Fed comments on Friday pushed T-note yields higher and undercut stocks. The 10-year T-note yield rose about +3 bp after Chicago Fed President Austan Goolsbee, who voted against a Fed rate cut on Wednesday, said, "Given that inflation has been above our target for 4.5 years, further progress on it has bee ...

Market Performance - Major stock indices experienced a significant decline, with the Nasdaq dropping 398.69 points or 1.7 percent to 23,195.17 and the S&P 500 falling 73.59 points or 1.1 percent to 6,827.41 [1] - The Dow posted a more modest loss of 245.96 points or 0.5 percent to 48,458.05 after reaching a new record intraday high earlier in the session [2] - For the week, the Dow increased by 1.1 percent, while the S&P 500 decreased by 0.6 percent and the Nasdaq fell by 1.6 percent [2] Sector Performance - The tech sector was notably impacted, with Broadcom (AVGO) leading the decline, plunging more than 11 percent despite reporting better-than-expected fiscal fourth-quarter results [3] - Other tech stocks such as Micron Technology (MU), Oracle (ORCL), Advanced Micro Devices (AMD), and Nvidia (NVDA) also saw significant declines, indicating a continued rotation out of tech stocks [3] - The NYSE Arca Computer Hardware Index experienced a 5.2 percent drop, reflecting poor performance in computer hardware stocks [5] Economic Sentiment - Negative sentiment in the market was partly influenced by comments from Chicago Federal Reserve President Austan Goolsbee, who expressed concerns about prematurely cutting interest rates [4] - Goolsbee indicated that he preferred to wait for more data, particularly regarding inflation, before making further rate cuts [4] Other Markets - In overseas trading, stocks in the Asia-Pacific region saw notable gains, with Japan's Nikkei 225 Index rising by 1.4 percent and Hong Kong's Hang Seng Index increasing by 1.8 percent [6] - Conversely, major European markets experienced declines, with the French CAC 40 Index down by 0.2 percent, the German DAX Index down by 0.5 percent, and the U.K.'s FTSE 100 Index down by 0.6 percent [6] Bond Market - The bond market saw a pullback, with the yield on the benchmark ten-year note rising by 5.3 basis points to 4.194 percent [7]

Core Insights - Broadcom Inc. experienced its largest stock decline in over 10 months, with an 11% drop in New York trading, following a disappointing sales outlook for the AI market [1][2] - CEO Hock Tan mentioned a backlog of $73 billion in AI product orders to be shipped over the next six quarters, but this figure did not meet investor expectations [2][4] - The company refrained from providing a specific annual AI revenue forecast, citing the uncertainty of future orders and narrowing profit margins [4] Company Performance - Broadcom's stock fell 11% after the conference call, marking the biggest single-day drop since late January [2] - The company reported expected sales of approximately $19.1 billion for the fiscal first quarter, surpassing analysts' average estimate of $18.5 billion [4] - Broadcom increased its quarterly dividend by 10% to 65 cents per share [4] Market Context - The disappointing outlook from Broadcom followed a similar report from Oracle Corp., which also faced investor concerns regarding AI prospects due to increased spending on data centers [3] - Oracle's stock also fell 11% after pushing back completion dates for data centers being developed for OpenAI [3]

Are you worried. These drip, drip bits of information that maybe the revenue streams on able to be booked tomorrow. It has to be wait it out a little bit more in terms of the returns on investment.No, I think the long term trends are still in place. I actually thought that Broadcom's numbers were quite good and people were just, I think, very nervous at the end of the year, particularly with some bad news we've seen, such as from Oracle. And and I think it's really more just end of year jitters rather than ...

You have different sets of data. They gave us a figure, which was a $73 billion backlog. Yep.This morning, quite clearly the market would like to see a revenue number. That's forward looking. Yep. Yep, that's true.So. So you're right. I think the I think what's interesting here, the reason why Broadcom is down is not about the it's not about how revenue has perhaps missed expectations.First and foremost um the company actually beaten raised guidance AI sales were above expectations. The outlook for next qua ...