Market Analysis & Strategy - MN Fund's allocations remain relatively large in the markets, with a high focus on volatility trading [1] - Macroeconomic events are crucial for MN Fund in building their strategy and thesis [1] Economic Indicators - US Unemployment Rate: Reported at 4.6%, exceeding the expected 4.4% [1] - CPI Data: Reported at 2.7%, falling short of the expected 3.1% [1] Monetary Policy - Bank of Japan decided to increase their interest rates by 25 bps (basis points) [1]

We'll see volatile weeks ahead, as there are many macroeconomic events.These will be decisive in the upcoming months and, probably, the direction of all assets, which is why we'll remain fully liquid & trade volatility at @MNFund_.Our performance in the first 5 months: +0.29% vs. $BTC -14.29%.MN Fund (@MNFund_):The final month of the year is centered on these two weeks in December.This week, it's all about the FOMC meeting on Wednesday.Will the FOMC provide a rate cut? More importantly, will there be a dovi ...

Core Viewpoint - Goldman Sachs analyst James Schneider maintains a Buy rating on Accenture plc, while lowering the price forecast to $415 from $430 [1] Financial Performance - Accenture reported second-quarter 2025 earnings of $2.82 per share, slightly above the consensus estimate of $2.81 [1] - The company achieved sales of $16.66 billion, nearly in line with the consensus of $16.62 billion and management guidance of $16.2 billion to $16.8 billion [1] Industry Context - Schneider notes that Accenture's results are slightly negative for the IT Services sector, indicating rising uncertainty in the discretionary environment, although the underlying business shows gradual improvement [2] - The cautious comments from management regarding the current demand environment reflect increased uncertainty due to recent macroeconomic events [3] Management Insights - Management has indicated that increased use of subcontractors is the primary reason for near-term margin pressure, despite a strong internal utilization rate of 91% [5] - The start of several significant new outsourcing contracts during the quarter may also contribute to additional margin pressure [5] Future Outlook - Despite current concerns, the increased revenue guidance is viewed as a significant positive development for Accenture [4] - The analyst believes that Accenture is well-positioned to benefit from strong secular tailwinds once cyclical challenges subside, making the current stock price an attractive entry point for investors [4]