Reported 8 months ago
On June 24, 2024, Yuanyi Chen, the manager of Cathay Marathon Fund, provided insights on the general economy and market observations. The US May CPI registered a year-on-year increase of 3.3%, lower than the expected 3.4%, and the core CPI reached 3.4%, a new low since April 2021, leading to the likelihood of a 2-point rate cut this year. With Taiwan's PMI returning above the business cycle line, export orders exceeding expectations, a stable Taiwan dollar, and increased foreign investment in the stock market, the technical indicators suggest a bullish market. Chen suggests focusing on tech stocks related to AI, monitoring Apple's new AI operating system, and anticipating TSMC's pricing and capital expenditure adjustments, emphasizing strategic stock selection over market timing and diversification among industries.
Source: YAHOO