WS #14056
July PPI cooled to 4.7% y/y, lowering odds of September Fed hike to ~35%, supporting equities and record S&P 500 close. Apple trained a China-specific LLM with Alibaba's support, expected to launch Apple Intelligence in China soon — bullish for AAPL and BABA. AMAT fell 4.8% premarket despite Q3 beat, on rising capex and narrowing FCF — a counter to the tech rally narrative.
US inflation and Fed rate hike expectations
July PPI cooled to 4.7% y/y, lowering odds of September Fed hike to ~35%, supporting equities and record S&P 500 close.
Apple trained a China-specific LLM with Alibaba's support, expected to launch Apple Intelligence in China soon — bullish for AAPL and BABA.
AMAT fell 4.8% premarket despite Q3 beat, on rising capex and narrowing FCF — a counter to the tech rally narrative.