Friends, good afternoon!
The three main indices of the United States have started to rebound, currently with increases exceeding 1%.
Regarding the news:
OpenAI has announced the launch of its new model O3, the latest version of the O1 model presented this year. This is mainly due to the fact that Google has released a new language model that is reportedly far superior to ChatGPT in all aspects. This reflects the speed at which technology is developing in the United States, especially in the field of artificial intelligence, and also shows the intense competitive pressure in the high-tech industry in that country.
In the political arena:
The Attorney General of the United States has stated that the spending bill will be voted on today. If the vote does not pass, this will lead directly to the closure of the US government.
Trump has already made it clear that he is not worried about a potential shutdown and has said it could happen immediately. Under the direct pressure from Trump and Musk, it is widely believed that Congress will approve a series of proposals presented by Musk.
On another note, Federal Reserve official Goolsbee has mentioned that in the next 12 to 18 months interest rates could decrease significantly, and the inflation rate has a high probability of returning to 2%. Goolsbee can be considered a representative of a very influential faction within the Federal Reserve.
The stock market rebound perfectly aligns with our pre-opening analysis, so the current situation is completely under our control.
Regarding the planning for this period:
For now, we will not be buying any US stocks. Recently, the market has entered a consolidation cycle. In this scenario, it is unlikely that the stock market will have continuous increases and, instead, it will probably remain in a phase of lateral movement.