MOTIVENCE MARKETS - AUGUST 9TH 2022

Motivence Economic Sentiment Meter: Some bulls are out, but we proceed with a focus in profits.

Have bulls re-entered the field?

• S&P 500 increased more than 10% from June lows, whilst evidence suggests the Fed to tighten policy. Essentially, this has caused strategists to call out warning, until more information from the Federal Reserve is released.

Major players continue to cut jobs:

• Recent is Alibaba, who cut ~10K jobs in the last three months leading to June. This is a continual trend that we have been seeing from larger companies, shifting focus to profit.

Like chips & not the salty kind?

• US semiconductor firms to invest billions as Biden is set to sign a competition bill (includes $52B in domestic R&D). It seems that there is a fiscal push for US semiconductors.

Global Unrest Still Continues:

• ​Pacific tensions are still high, as China threatens business and Taiwan began live fire simulation drills. The death tolls continues to unfortunately rise with the Russia-Ukraine Crisis.