Takaichi Trade
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Takaichi and AI: This Week’s Focus
Japan’s election results under Prime Minister Takaichi have boosted equities to record highs, fueled by expectations of expansionary economic policies and a weaker yen. This optimism spilled over into U.S. markets, with tech stocks like Oracle and Microsoft surging, and the S&P 500 and Nasdaq climbing. Despite Big Tech concerns about data center capacity, Alphabet plans a large bond offering, while AI growth, exemplified by ChatGPT’s expansion, offers a potential counter. Meanwhile, quantitative trading firms are capitalizing on gold and silver volatility.
