US Stock Market's Major Trend This Year Also 'AI' [3-Minute Brief]

[At a Glance]
① Fed Vice Chair Resigns Ahead of Trump Inauguration
② AI Smart Glasses Spotlighted at CES 2025
③ IBs Forecast South Korea Growth at 1.7%... Some Predict 1.3%

MARKET INDEX : Year to date

○ US New York stock market's three major indices all closed lower
○ December Services PMI at 54.1 exceeds expectations, showing strong performance
○ Inflation concerns push 10-year Treasury yield to around 4.7%

Top3 NEWS

■ Ahead of Trump's inauguration... Fed Vice Chair who expressed resignation intention "Will retain board position"

○ Michael Barr, Fed Vice Chair, expressed intention to resign
○ Will retain board membership until term ends in 2032
○ Trump likely to appoint loyalists as Vice Chair

■ 'AI Smart Glasses' emerge as a key topic at CES 2025

○ Technologies to watch at CES 2025
○ Forbes US highlights AI smart glasses
○ Many lens and optics specialized companies show interest

■ Investment Banks say "South Korea's growth rate likely to be 1.7% this year... some forecast 1.3%"

○ Eight global investment banks forecast South Korea's economic growth rate
○ Average prediction is 1.7%, JP Morgan forecasts as low as 1.3%
○ Concerns over domestic demand weakness due to political instability

Graphic News: US Stock Market Led by AI Again This Year... "Look for Leading Stocks in Big Tech"

○ Big Tech and AI-related ETFs outperform the market
○ Increase weighting in Big Tech and AI stocks during market corrections
○ Even if leading stocks change, they are likely to remain within Big Tech

the Chart: K-Beauty Brand 'ROVECTIN' Shares Worth 20 Billion Won Up for Sale

○ Partial sale of existing shares of basic cosmetics brand 'ROVECTIN' underway
○ Founded in 2011... a clean beauty brand avoiding animal testing
○ Production carried out by domestic manufacturers such as Cosmax and Kolmar

Terms in the News: Living in the 22nd Century, AI Native 'Beta Generation'

○ Futurist Mark McCrindle named this generation following the Alpha Generation
○ Refers to children born from this year up to 2039
○ 'AI Native' environment from birth

Today's Key Schedule

○Domestic

08:00 November Current Account Balance

○Overseas

00:00 US November Labor Department JOLTs

03:00 US Atlanta Fed Q4 GDPNow

06:30 American Petroleum Institute Weekly Crude Oil Inventory

16:00 Germany November Retail Sales

21:00 Brazil November Industrial Production

22:15 US December ADP Nonfarm Employment Change

22:30 US Initial Jobless Claims

◇ Lunch & Commute Weather

○ Lowest temperature -5℃(▲1℃) ｜ Highest temperature: 0℃(▲1℃)
○ Precipitation probability: Morning 0%｜Afternoon 30%
○ Fine dust: Morning Good｜Afternoon Good

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.