Trump Hints at Bond Market Intervention… Tesla to Unveil Cybercab on September 3rd

The U.S. 10-year Treasury yield has surpassed 4.74%, increasing instability in the bond market. Concerns are rising that policy options to counter rising yields are being exhausted, as the Treasury's buyback measures have had little impact on the market.

Expert Park Myung-seok emphasized the seriousness of the current situation, stating, "The burden of having no cards left to play continues. We can no longer use them."

Barclays analyzed that the Treasury's long-term bond purchases would merely be a symbolic message demonstrating policymakers' willingness to take action, with little direct impact.

Experts diagnosed that rising oil prices, increased corporate bond issuance, and borrowing demand for AI capital funding are synergistically driving up interest rates.

JPMorgan characterized current funding practices as 'like taking out a credit card to pay off a mortgage,' using this analogy to describe the market's unstable trend. This reflects a situation where investors' asset allocation decisions are becoming more difficult.

This assessment suggests increasing overall economic uncertainty, providing a backdrop that calls for cautious investment.

Former President Donald Trump's statement that he might use military force if necessary to stabilize the bond market has created significant repercussions in the market. This remark sparked a heated debate among market experts regarding its meaning and risks.

Interpretations of the statement vary widely within the U.S., and concerns are growing about the potential link between economic policy and security issues.

Expert Park Myung-seok cited Trump's statement, "military force could be used in the bond market," conveying its seriousness.

Iran is assessed to have identified the vulnerability of U.S. interest rate issues and is using it as a bargaining chip. Expert Park Myung-seok said, "I felt that Iran clearly understands what you might call America's weakness, which is its interest rates."

In this regard, concerns are also being raised that a hardline stance against Iran, aimed at its relationship with China, could provoke a backlash from China.

Tariff negotiations between the U.S. and Canada have collapsed, leading to planned reciprocal 50% tariffs. Expert Park Myung-seok pointed out that "tariffs are ultimately connected to interest rates," indicating that tariff issues could directly impact interest rates and act as a market instability factor.

The failure of these tariff negotiations is expected to increase uncertainty in the global trade environment and affect financial markets.

Artificial intelligence (AI) company Anthropic is reportedly pursuing an IPO (Initial Public Offering) with a target valuation of $2 trillion and aiming to raise over $100 billion. Investment banks believe Anthropic could conduct a large-scale IPO, raising substantial capital with a $2 trillion valuation.

The IPO prospectus listed negative public opinion about AI and data centers as major risk factors. This demonstrates the challenges faced by the rapidly growing AI industry.

Expert Park Myung-seok stated, "Eventually, talk of $2 trillion is becoming more concrete. Investment banks now believe that this could be an IPO that raises over $100 billion with a $2 trillion company valuation."

UBS raised its S&P 500 target to 8,400 by June 2027. This reflects a general trend among global brokerages to increase S&P 500 targets above 8,000.

This upward revision indicates that robust economic growth and optimism about AI adoption still dominate the market. Expert Park Myung-seok explained, "UBS raised its S&P 500 target. From 8,100 in 2026 to 8,400 by June 2027, many brokerages are now opening up to targets of 8,000 or more."

Anthropic's successful listing is spreading expectations for funding, leading to anticipation for computing investments. Consequently, projections are emerging that the domestic memory industry's rebound will accelerate.

Expert Park Myung-seok commented, "It seems that the more successful Anthropic's listing is, the more the possibility of capital raising will be highlighted, leading to an expectation of increased computing investment, which in turn could accelerate the rebound of our country's memory industry." This suggests a positive outlook on the rebound potential of domestic memory companies.

JPMorgan warned that a sell-off similar to the downturn in the 2000s could occur this autumn, analyzing that the likelihood of a market decline in late summer or early fall is increasing. Ray Dalio also raised the possibility of a U.S. debt crisis within three years, adding to market 불안감.

Conversely, BCA Research noted that while the year-end market might be positive, uncertainty would increase next year, indicating differing market outlooks among experts. The host reported, "JPMorgan believes there might be a sell-off in the fall. Like the sharp decline in the 2000s, the possibility of a market downturn in late summer or early autumn is increasing."

Donald Trump's June portfolio showed a new purchase of Berkshire Hathaway and a sale of Meta, indicating a strategic shift to increase financial stock holdings and reduce tech stock holdings.

Specifically, he increased his holdings in financial stocks like Visa and Mastercard, while continuously engaging in short-term buying and selling of NVIDIA. The host noted, "He bought Berkshire Hathaway in June. Yes, this seems very symbolic. He bought Berkshire Hathaway and sold Meta. He bought financial stocks and sold some tech stocks," highlighting the change in Trump's investment style.

According to a Bloomberg report, NVIDIA plans to increase AI server prices by 15% early next year. The primary reason cited is the surge in memory chip prices.

This price increase plan is expected to include systems equipped with Vera Rubin and Grace Blackwell chips. The host reported, "Bloomberg says NVIDIA will increase AI server prices by 15% early next year. Ultimately, the surge in memory chip prices is expected to be the main reason."

NVIDIA has signed a $6 billion investment agreement with Poolside, officially expanding its investment into the OpenAI camp. This is part of a strategy to build a rival to OpenAI through the development of its own large language model (LLM), 'Nemotron'.

NVIDIA is also reportedly considering acquiring or investing in 'Rebellions', a South Korean AI semiconductor company, aiming to expand its influence in the global AI ecosystem.

The host emphasized, "They signed a contract to invest $6 billion in a company called Poolside. The Nemotron, which NVIDIA created, is an OpenAI AI LLM that can compete with China's OpenAI model."

Samsung Electronics' announced shareholder return policy, totaling ₩110 trillion, fell short of market expectations of ₩150 trillion, causing disappointment. In particular, regret was expressed over approximately ₩15 trillion of the return amount being categorized as employee compensation.

As a result, Samsung Electronics' stock price showed weakness in the Nextrade market, while Hynix's stock price showed strength. The host explained, "There was talk of ₩150 trillion, right? But ₩110 trillion came out, and about ₩15 trillion of that was said to be for employees. Yes, so that was a bit disappointing."

Tesla is scheduled to officially unveil the 'Cybercab' on September 3rd in Austin. The Cybercab is a 2-seater autonomous vehicle without a steering wheel or pedals, expected to be a new cash-generating model for Tesla.

This vehicle is based on the 'robotaxi' concept, earning revenue by operating autonomously without a driver, and is projected to revolutionize the mobility market.

The host explained the Cybercab's features, saying, "The Cybercab is finally making its appearance on September 3rd in Austin. You just press a button, and it's self-driving, no wheels, no pedals. Yes, it's a 2-seater that drives around by itself to earn money."

Walmart's stock price plummeted after its earnings release but showed signs of a rebound with two consecutive days of positive gains. On Wall Street, opinions were divided, with some finding Walmart's valuation over 30 times earnings burdensome, while others saw the sharp decline as a buying opportunity.

JPMorgan considered Walmart's decline a buying opportunity, and 40 out of 44 analysts overall still maintained a buy rating.

The host stated, "JPMorgan is on the side that says, 'Walmart, if it's fallen this much, it's a buying opportunity,' but Walmart's valuation is quite expensive, over 30 times. So some investors still say it's burdensome. But for Walmart, opinions are likely similar. So, out of 44 analysts, 40 still think it's a buying opportunity, according to the analysis."