Reported 12 months ago
National Securities analyst Sun Jiaming on July 3, 2024, at 4:10 pm provided market insights stating that the US May PCE and core PCE annual growth rates were 2.56% and 2.57% respectively, continuing the declining trend seen since 2024. Despite easing inflation data, market expectations of a rate cut have risen. Amid uncertainties such as the US presidential election and escalating protectionism concerns, the timing of Fed rate cuts remains uncertain. The article suggests focusing on the growing demand for high-performance computing, AI, and cloud industries in Taiwan's stock market, with leading companies benefiting from this trend. Recommendations include prioritizing stock selection over market timing, particularly in the thriving biotech sector and the increasing demand for AI-related products.
Source: YAHOO