Winning of highlights & FED installment shortening: What to know is

00:00 Speaker A

Ali, um, Josh only spoke about what this does with fed interest cuts of the Fed interest rate that I know you have seen exactly.

00:17 Ali

Yes, if we look at the CME tool of the FED -Uhmen clock, the markets are praising at the next FED installment shortening, and we had consistently seen how markets reduce the meeting in September -Fed meeting as the next time. That had gone around 70% of the chance. Now I look 50%. So now we are where the Fed cuts off in September. And we saw that a variety of Wall Street companies really adapt their goals here. Morgan Stanley forecast no reduction in installments this year. They look at 2026. The capital economy believes that we will see our first cut in December. So you only have a variety of opinions on Wall Street. Uh, we have the Fed meeting at the end of this month. Quite a 100% probability that the Fed will stay in the queue, and I think this data certainly support this narrative here. So that will be another thing for the markets to keep an eye if we continue to wade through income. And so far we seem to have a pretty strong start there. What happens on the Fed page? And we know that President Trump has expressed a lot in his request to have this UH fund rates lower. But maybe he has to wait a little longer there. And I am excited to see how the markets will react when we see that these speed cuts are pushed out a little. And and how this is up to the 10th anniversary of the finance. We see that this is 4.5%. We know when we can be reached on the 4.6% level that weighs the US shares.

02:58 Speaker A

Let us also talk about income, because now we are now in the middle of the winning season. Ali, um, as they emphasized, um, as they pointed out to us, it is a mixed bag, right? Um, but let's talk a little about what the kind of highlights you are watching. I know that TSMC is on the list.

03:41 Ali

Yes, TSMC is a big outstanding outstanding. When we talk about the mixed bag, take a look at something like Pepsi that really had a better than feared report. We see shares this morning, but even if we deal with this winning season, the share has decreased by 11%. Some of these consumer names were beaten somewhat. However, if you look at a name like TSMC that only delivers these solid results, 61% winning ship and the increase in AI demand, there is a clear reading here. When it comes to what works best and most constant in this market, and that's AI. This is really the core of this rally and extends beyond the Tech sector. For TSMC, of course, there is still a headwind when it comes to Taiwan, these mutual tariffs, a lot of uncertainty. That was something about which the CEO spoke in the publication. But we also have clarity in this port. Invidia, for example, what one of the largest customers of TSMC is, you can sell these A20 chips to China. They had this signing of President Trump. This was something that TSMC talked about in a winning discussion and said that this is good news for your customer, and therefore it is good news for you. Only many catalysts here that occur in the middle of the winning season, and this sets us well for some of these hyperscalars and of course the Biggie Invidia, which is to be reported next month.

05:42 Speaker A

Yes, and we have Netflix today after closing. You will be busy. We will talk about it a little later in the morning. Thank you, Jennifer. Ali, Josh, appreciate it.