Trump Hints at Intervening in Bond Market; Tesla to Unveil Cybercab on September 3

As the Treasury's buyback measures have failed to make much impact on the market, concerns are being raised that the policy tools for responding to rising yields are running out.

Expert Park Myeong-seok said, "It's a constant burden that we've run out of cards. We can't use them anymore." stressing the seriousness of the current situation.

Experts diagnosed that rising oil prices, increased corporate bond issuance, and borrowing demand to fund AI investment are combining to drive yields higher.

This reflects a situation in which investors' asset allocation decisions are becoming harder.

This assessment suggests that uncertainty across the economy is growing, and it forms the basis for calling for cautious investing.

The remark sparked heated debate among market experts over its meaning and risks.

In the US as well, interpretations of the remark vary, and concern is growing over the possible link between economic policy and security issues.

Expert Park Myeong-seok quoted Trump's remark, "We can use military force in the bond market," and conveyed its seriousness.

Iran appears to have identified America's weakness in interest rates and is using it as a bargaining chip. Expert Park Myeong-seok said, "What do you think Iran's weakness in America is? I feel that they have very clearly identified that it lies in interest rates."

Concern has also been raised that a hardline Iran policy aimed at China could instead provoke backlash from Beijing.

Tariff negotiations between the US and Canada have broken down, and 50% reciprocal tariffs are set to be imposed. Expert Park Myeong-seok said, "Tariffs ultimately come back to being linked with interest rates," pointing out that tariff issues directly tied to rates could act as a source of market anxiety.

The collapse of these tariff talks is adding uncertainty to the global trade environment and is expected to affect financial markets as well.

Investment banks view it as possibly the IPO that raises large sums at a $2 trillion valuation.

The registration statement lists negative public opinion about AI and data centers as a key risk factor. This shows the challenges facing the rapidly growing AI industry.

Expert Park Myeong-seok said, "Now the $2 trillion figure is starting to get concrete. Investment banks are saying this could really be an IPO that raises more than $100 billion at a $2 trillion corporate valuation."

UBS raised its S&P 500 target to 8,400 by June 2027. This reflects a global trend in which brokerages are generally lifting their S&P 500 targets above 8,000.

Such upward revisions show that optimism about solid economic growth and AI adoption still dominates the market. Expert Park Myeong-seok explained, "UBS raised its S&P 500 target, from 8,100 in 2026 to 8,400 by June 2027. Now quite a few brokerages are setting their targets above 8,000 like this."

The successful listing of Anthropic is spreading expectations of funding, which is leading to hopes for computing investment. Accordingly, a forecast is emerging that the rebound in Korea's memory industry will accelerate.

Expert Park Myeong-seok said, "The more the Anthropic listing succeeds, the more the possibility of funding stands out, and that leads to expectations that a lot of money will come in, and expectations for computing investment, so I think the rebound in Korea's memory industry will accelerate." suggesting a positive view of a possible rebound in Korean memory companies.

JP Morgan warned that a selling wave similar to the sharp declines of the 2000s could appear this autumn, analyzing that the likelihood of a market decline in late summer or early autumn is growing. Ray Dalio also raised the possibility of a US debt crisis within three years, adding to market anxiety.

By contrast, BCA Research pointed out that stocks could be positive by year-end but uncertainty will grow next year, and forecasts for the stock market are divided among experts as well. The host said, "JP Morgan says there may be some selling in the autumn. Like the sharp declines of 2000, the possibility of a market decline is growing in late summer or early autumn."

This reflects a strategic shift toward increasing the weight of financial stocks and reducing the weight of tech stocks.

In particular, he increased holdings of financial stocks such as Visa and Mastercard, while for Nvidia he kept up short-term responses of repeatedly buying and selling. The host said, "He bought Berkshire Hathaway in June. Yes, that's really symbolic. He bought Berkshire and sold Meta. He bought financials and sold some tech." noting the change in Trump's investment tendencies.

The main cause was identified as a surge in memory chip prices.

The planned increase is expected to cover systems that use the Vera Rubin and Grace Blackwell chips. The host said, "Bloomberg says Nvidia will raise AI server prices by 15% early next year. It was said that the surge in memory chip prices is expected to be the main cause."

This is part of a strategy to build a counterweight to OpenAI by developing its own large language model (LLM), 'Nemotron.'

Nvidia is also reportedly considering acquiring the domestic AI chip company 'Rebellions' and making an equity investment, seeking to expand its influence in the global AI ecosystem.

The host stressed, "It is investing $6 billion in a company called Poolside, and it has signed the contract. A proper Nemotron that can compete with China's OpenAI-style models is Nvidia's own open AI LLM."

In particular, there was regret that about 15 trillion won of the return amount was included as employee compensation.

As a result, Samsung Electronics' share price was weak on the Nextrade market, while SK Hynix's share price showed strength in the opposite direction. The host explained, "There was a lot of talk about 150 trillion. Yes. But 110 trillion came out, and they said they would buy about 15 trillion more, but that's apparently for employees. So it was a bit disappointing."

The Cybercab is a two-seat autonomous vehicle with no steering wheel or pedals, and it is drawing attention as Tesla's new cash-generating model.

The vehicle follows the 'robotaxi' concept of driving around on its own without a driver to earn revenue, and it is expected to bring innovation to the mobility market.

The host described the Cybercab's features, saying, "The Cybercab will finally appear in Austin on September 3. Just press a button, and as you all probably know, there is no steering wheel inside, and no pedals either. Yes. So it's a two-seater that drives around alone to earn money."

Walmart's share price plunged after its earnings release, but it has shown signs of a rebound with two consecutive days of gains. On Wall Street, opinions are split between those who see Walmart's valuation above 30 times earnings as a burden and those who see the sharp drop as a buying opportunity.

JP Morgan assessed Walmart's decline as a buying opportunity, and 40 of the 44 analysts covering the stock still maintain buy ratings.

The host said, "JP Morgan says that if Walmart drops about 8%, it's a buying opportunity, but Walmart's valuation is quite high. It's above 30 times. So there are still investors who say they find it burdensome. But opinions on Walmart are probably all similar. There was an analysis that 40 of the 44 analysts still think it's a buying opportunity."