also a CNBC contributor. Good morning, Stephanie. Thank you for the early wake up call.So can we feel comfortable in this market right now continuing to add to positions. >> Well, I have been adding to positions. We're fortunate to have earnings season right now.Right. So we're hearing real time what companies are seeing how they're reporting and the reporting. Really good numbers Dom almost a 10% growth.And where the guides are and the reactions have been very disappointing. But that I think is your opport ...

July 31, 2025 02:12 PM GMT Japan Equity Strategy | Japan Sho-Time: Brace for Selective Momentum Reversal Share price reactions to 1Q earnings have shown a strong contrarian bias so far. Those high-momentum names with solid earnings support so far may face temporary selling in profit- taking moves, and we see such pullbacks as opportunities to buy on dips heading into 2Q results. Key Takeaways Exhibit 1: TOPIX500 Revision and YoY Stock Price Comparison: Stock increases following the Japan-US tariff agreement ...

Investment Rating - The report indicates a weaker credit impulse expected from Q3, suggesting a cautious outlook for the industry [4][13]. Core Insights - Strong government bond issuance has driven a 10bps increase in broad credit year-on-year, reaching 9.1% [3][13]. - Private credit demand remains weak, with bank loans unchanged at 7.1%, reflecting subdued private credit amid a softer property market and external tariff impacts [3][13]. - A supplementary budget of Rmb0.5-1 trillion is anticipated from Beijing in September/October to address slowing GDP growth, projected to dip to 4.5% year-on-year [5][13]. Summary by Sections - **Credit Impulse and Government Bonds**: The fiscal-led credit impulse peaked due to strong government bond issuance, which has improved liquidity for local governments and infrastructure entities [3][4]. - **Future Projections**: The remaining quota for government bond issuance in the second half of 2025 is expected to be below Rmb6 trillion, leading to a reversal in the credit impulse trend [4][5]. - **Economic Growth Outlook**: The report forecasts a slowdown in real GDP growth to 4.5% year-on-year in Q3, influenced by the payback of front-loaded exports and a negative deflationary feedback loop [5][13].

talk all about this and very much more with me pand JP Morgan global market strategist mirror great to have you with us um very good morning to you snapshot I guess for me why don't we start there on the international pitches obviously US markets record highs bounce back very strongly but outperformed by a number of international markets has that changed the sort of perspective your clients have on on those markets or very much still focused on the US there is still a huge home bias towards US stocks but it ...

Ivory Johnson, founder of Delancey Wealth Management, says global liquidity and fiscal stimulus will push stocks higher, favors tech over small caps, and sees more upside for gold. ...

Market Trends & Geopolitical Impact - Oil prices initially surged to their highest level since January but pulled back following signals from Iran about de-escalating tensions and potential nuclear talks [1][18][20][21] - Defense stocks continued to climb amid the Israel-Iran conflict, though analysts suggest investor behavior is more of a "safe haven" move than a direct correlation to company bottom lines [1][70][71][72] - The Paris Air Show is expected to be muted due to the ongoing conflict and a recent Air India crash, with Boeing CEO skipping the event [59][61] Economic Indicators & Fed Policy - The market is shifting focus to Fed policy, earnings, and factors impacting the earnings picture, with the FOMC meeting being a key event [5][8] - There's discussion around the potential for a dovish Fed pivot, driven by inflation being cooler than in 2019 when the Fed last cut rates [35][36] - Real-time housing inflation is falling, suggesting the official measure has room to decline, potentially signaling a green light for the Fed to turn dovish [38][39] Company Specific & Sector Analysis - Meta is introducing ads to WhatsApp, focusing on user data for targeting but aiming to avoid content analysis, with the bigger opportunity being the race to artificial general intelligence [44][45][47] - Reddit is launching AI-driven advertising tools, leveraging human engagement data to inform generative AI and improve ad targeting [50][51] - Victoria's Secret is facing pressure from activist investors to overhaul the board and focus on the core bra business, while also navigating consumer spending habits and recent leadership changes [53][56][57] - China is stimulating its consumer market to offset export dependency, with Apple being a notable loser as domestic brands like Huawei gain market share [76][78][79][80] Global Investment Strategies - There's a potential shift in global equity leadership away from the US, with capital repatriation expected to benefit Europe, Asia, and emerging markets [87] - The US dollar showed no reaction to market surprises, and there was no rally in treasuries, indicating a lack of appetite for US assets [84][85] - TPW Advisory is overweight Chinese equity, favoring US-listed ETFs, and constructive on a global growth cycle extending through 2027-2028 [82][83] AI & Technology - AI is a major theme at the Can Lions International Festival of Creativity, with discussions on how it's changing the advertising and media industries [95] - Time Inc is embracing AI, launching Time AI with Scale AI to create personalized content and audio versions of their journalism [96][97][98][101][102] - Hyperscalers are investing heavily in the race to artificial general intelligence, even without knowing the ultimate prize [48] Energy Sector - Energy stocks may present an opportunity, as they have diverged from oil price trends and offer potential dividends [105][106] - AI's energy demands are creating a large energy problem, with hyperscalers investing in creative solutions like "behind the meter" energy sources [16][17] - Gas prices are still about 33 cents a gallon below last year, and diesel prices hit their lowest level since 2021 prior to Middle East escalations [23][32][33]

Chinese retail sales rose more than expected in the past month. A National Bureau of Statistics spokesperson attributed the spike to stimulus like the consumer goods trade-in program in the upcoming 618 shopping festival. But challenges to the Chinese economy including persistent inflation and trade uncertainty that yeah still persists with industrial growth slowing from April.for a read on what this means for international investors. I want to bring in Jay Peloski who is the TPW advisory founder. Good to h ...

20 May 2025 | 3:52PM EDT Global Market Views: Smaller Tails Widen Some Paths, Narrow Others 1. Some paths widen, some narrow. Equity markets have relaxed over the past month following a succession of positive trade-related developments between the 90-day pause on reciprocal tariffs and the recent tariff reduction with respect to China. Tariff rates are now lower, but not low, and the same can be said about recession risks in the US. The lowering of trade tensions means that even if hard data 'catch down' to ...