Derek Moore is joined by guest co-host Spencer Wright to discuss the surge in bond yields, the surge in the US Dollar Index, and whether those two things might cause some near-term pain for equity markets. Plus, discussing whether AI Artificial Intelligence is a true next technological revolution and what it means for earnings. Then they talk semiconductors as the picks and shovels of AI and do some technical analysis reviewing the patterns in the S&P 500 Index, the Nasdaq 100, Semiconductors and bond yields. Oh, and there was the unemployment report that markets didn’t like in the moment as it was “too good” because does it mean the Fed is done cutting? All this and more this week!

Bond interest rates surge as 10-year treasury hits 4.7%

UK Gilt Bonds surge to a higher rate than when the government had to step in

Unemployment surprises at 4.1% but market reacts negatively

Fed rate cuts not priced in until October 29th meeting and 1 cut at that

AI Artificial Intelligence – is it the 6th great sea change revolution?

Semiconductors as the picks and shovels of AI

Technical analysis triangle patters

Technical analysis on NDX, SPX, and Semiconductors

The trade weighted dollar index and impact to earnings due to currency exchange

Are high rates bad or just the journey to get there first?

Technical analysis book recommendations

Mentioned in this Episode

Encyclopedia of Chart Patterns by Thomas N. Bulkowski https://amzn.to/4gVExnm

Technological Revolutions and Financial Capital by Carlota Perez https://amzn.to/3Wefgwd

Technical Analysis of the Financial Markets by John Murphy https://amzn.to/3Wefgwd

Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT

Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt

Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag

Contact Derek derek.moore@zegainvestments.com