Fragile optimism [Video]
|Futures are nudging higher this morning as Fed expectations improve slightly, after one official suggested a near-term rate cut could be on the table. But it’s far from guaranteed. Nvidia’s earnings caused a stir — rising inventories and deferred payments signal possible stress, and a chain reaction in tech isn’t out of the question.
Meanwhile, Alibaba jumped 5% after Qwen 3 attracted over 10 million followers — China’s AI excitement continues. Kospi made a small recovery attempt, though gains were largely offset by heavy selling.
In the US, the 2-year yield dropped on Friday and bets on a December rate cut pushed past 50%. Still, inflation remains elevated, sentiment is low, and markets are cautious. Overall, nerves are calmer this morning, but the ball is in the middle.
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