alphaAI's Friday Finance Fix | Friday, Nov. 17th, 2023

Welcome to our Friday Finance Fix Newsletter, where we bring you the latest updates on key financial developments shaping the economy and markets.‍

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Is the Market Finally On the Upswing?

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As investors cautiously dip their toes into the market waters, they're encountering encouraging ripples. Last week's significant market movements are attributed to signs of cooling inflation, positive earnings reports, a postponed government shutdown, and a favorable Q4 outlook. However, the winning streak hit a snag due to a drop in oil prices amid global conflicts. Signs of inflation easing include a positive report from the Federal Reserve and predictions of lower food prices in 2024. Surprisingly, retailers like Target and Gap exceeded expectations, raising hopes for a broader economic rebound.

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Sources:

• Inflation going down equals stocks going up
• Target's Bull's-eye Earnings
• Stubborn Food Inflation To Starve in 2024

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The Economy Is Recovering, But Are the Workers?

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Despite signs of economic recovery, the echoes of summer strikes continue into the next season. Pharmacies like Walgreens and CVS are grappling with mass strikes, Starbucks faces strategic strikes during peak seasons, and the specter of defiance looms over various industries. Air traffic workers and airlines, overstretched and understaffed, add to the growing discontent. The sentiment among workers, inspired by successful battles for better pay, suggests that the struggle for fair treatment in the workplace is far from over.

Source:

• The Aftermath of the Summer of Strikes

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Did the Two World Leaders Collide or Collaborate?

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All eyes were on President Biden and China's President Xi Jinping as they met at the APEC summit in San Francisco. The goal was to ease tensions, re-establish military communications, and emphasize cooperation. While the leaders traded pleasantries, critics questioned the authenticity of their diplomatic encounter. Optimistic predictions around semiconductors and potential shifts in the green energy industry hinge on tangible actions following the scripted dialogue.

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Source:

• Biden and Xi Face-to-Face

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Apple Shifts Market Approach Amongst Lawsuits

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Apple responds to pressure from Google, Samsung, and legal challenges by adopting the RCS messaging standard for iPhones. This move, slated for a software update next year, aims to improve communication with Android users. Amid lawsuits related to intentional slowdowns and monopolistic practices, Apple seeks to enhance its public image, address legal concerns, and potentially boost its stock market performance.

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Source:

• Apple Adopts RCS Messaging Standard

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Microsoft Has Got Its Own Back

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Microsoft, already a powerhouse in AI, makes strides by creating its own chips, the Maia 100 (AI-based) and Cobalt 100 (cloud chip). Positioned to compete with industry giants, Microsoft forecasts doubling its revenue by 2027 to $119 billion. As the company diversifies its offerings, questions arise about market control and the impact on the tech sector.

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Source:

• Microsoft's Maia and Cobalt Chips

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What about alphaAI?

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In any investment endeavor, the key to success lies in making informed decisions. Whether you're building a recession-resistant portfolio, diversifying your assets, or simply exploring new opportunities, your journey should be guided by data and time-tested methodologies. At alphaAI, we are dedicated to helping you invest intelligently with AI-powered strategies. Our roboadvisor automatically adapts to market shifts, offering dynamic wealth management tailored to your risk level and portfolio preferences. We're your trusted partner in the complex world of finance, working with you to make smarter investments and pursue your financial goals with confidence. Your journey to financial success begins here, with alphaAI by your side.

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