Japan Jibun Bank / Markit preliminary PMIs for October
Manufacturing 53.0
- expected 51.4, prior 51.5
Services 50.7
- prior 47.8
Composite 50.7
- prior 47.4
Manufacturing 53.0
Services 50.7
Composite 50.7
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Japan's robots fill labor gaps, boosting efficiency. Valuations rise as automation adoption accelerates.
VIX surges 73% amid war & inflation. Low-beta ETFs like USMV (0.55 beta) offer stability with low fees.
VTI's tech-heavy weighting, with Nvidia at 21.4x forward earnings, offers growth but risks concentration.
US CPI jumps 1% on gas surge; core prices up 0.3%. Fed may hold rates due to inflation risks.
Build core ETFs like VOO/VTI first, then add dividend stocks, int'l funds, and bonds for balanced returns & risk.
Fed holds rates; AI stocks face higher capital costs & potential valuation dips. NVDA P/E 35.6, GOOGL 26.6.
Pallet PPI & packaging paper shipments rise, signaling freight demand up 4% YoY. Mills at 84% capacity. Good for Q2/Q3.
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