Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

US Indices (SPX,NDX) Tactical Outlook After After the Fed's Final Rate Cut

Thematic (Sector/Industry)

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<li>S&amp;P 500 hit record highs while tech lagged, with the Nasdaq down 0.25% as investors rotated out of the sector following the Fed’s rate cut and Oracle’s 11% drop. 
</li>
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Broadcom Q4 revenue hit record $18.0bn (+28% YoY) on AI semis +74% YoY; guides Q1'26 revenue $19.1bn with AI semis doubling to $8.2bn and adj. EBITDA 67%.</li>
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Nintendo faces Switch 2 margin pressure from surging DRAM costs exceeding 20% of BOM by 2026, risking hardware gpm below 10% and earnings cuts.</li>
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S&amp;P 500 hit record highs while tech lagged, with the Nasdaq down 0.25% as investors rotated out of the sector following the Fed’s rate cut and Oracle’s 11% drop. 


Broadcom Q4 revenue hit record $18.0bn (+28% YoY) on AI semis +74% YoY; guides Q1'26 revenue $19.1bn with AI semis doubling to $8.2bn and adj. EBITDA 67%.

Nintendo faces Switch 2 margin pressure from surging DRAM costs exceeding 20% of BOM by 2026, risking hardware gpm below 10% and earnings cuts.


Ohayo Japan | US Equities Hit Records as Tech Retreats