Dovish Fed / SoftBank Bets on AI / Gold Junior Commences Production
Market Intel Weekly
Dovish Fed / SoftBank Bets on AI / Gold Junior Commences Production
ByFRC Team
Key Highlights
Last week, the US$ was down 0.7%, while the S&P 500 was up 1.1% WoW, reaching record highs, driven by dovish statements from the Fed, soft inflation data, and a cooling labor market
A gold junior under coverage and its partner Kinross Gold (NYSE: KGC) have commenced production at their mine in Alaska
A Japanese tech company under coverage beat our revenue forecast; one of its flagship products promotes hair growth and mitigates hair loss
The Realized HODL ratio (RHODL) of Bitcoin decreased last week, suggesting potential for a downtick in near-term prices
SoftBank (TSE: 9984) is paying over 100 times revenue for a chipmaker, reflecting intense interest in the growing AI chip sector
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