KCM Trade Plus Chief Market Analyst Tim Waterer Shares Global Market Insights Across Leading International Media in October

20 October | Ausbiz – Live TV Interview

Tim discussed technology shares ahead of major US earnings, semiconductor demand, the US dollar and oil prices.

• With technology stocks driving around three-quarters of the S&P 500’s gains, Tim stressed that earnings and AI investment returns would be key to sustaining market momentum.

• Despite volatility, Tim viewed the semiconductor sell-off as potentially excessive, citing record profits at Samsung and TSMC, strong order books extending into 2028 and rising DRAM prices. He suggested the correction could present buying opportunities.

• The US dollar gained from higher oil prices and Treasury yields. Tim expected Brent to trade at US$95–US$115 near term, while a decline to US$80–US$85 could ease inflation and support risk assets.

19 October | BBC News – Live TV Interview

Tim returned to BBC News' Business Today programme to discuss technology sector volatility, Microsoft's AI infrastructure plans and the upcoming US earnings season.

• Microsoft’s scaled-back AI infrastructure project highlighted concerns over delayed returns, longer payback periods and investor uncertainty surrounding heavy technology spending.

• Semiconductor stocks in South Korea and the US weakened as higher Treasury yields and fierce competition in lower-cost memory products fuelled concerns over valuations and profitability.

• Tim said investors would focus on cash flow and AI funding, with higher yields raising costs and falling yields easing pressure on tech firms.

13 October | Asharq Bloomberg – Live TV Interview

Tim assessed global market resilience amid elevated oil prices and rising bond yields, highlighting the importance of upcoming corporate earnings.

• Tim said markets remained resilient to higher oil prices and yields, but warned that a US 10-year yield above 5.5% could weigh on sentiment.

• As a net energy exporter, the US is better positioned to withstand high oil prices than import-dependent Europe and Asia, potentially supporting stronger market performance.

• US Q3 earnings will test market resilience, with strong results potentially offsetting high oil prices and yields, while further Fed hikes pose downside risks.

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13 October | TRT World – Live TV Interview

Tim discussed the correction in South Korean semiconductor shares and growing competition for capital between governments and technology companies.

• Tim saw the semiconductor sell-off as a wake-up call, not an existential threat, noting strong demand and order books at Samsung and SK Hynix extending into 2028.

• After strong earlier gains, a correction in South Korean equities was unsurprising. Samsung and SK Hynix also retained around 80% of the high-bandwidth memory market.

• Competition between government borrowing and AI investment pushed bond yields higher, raising tech companies’ financing costs and putting greater focus on upcoming earnings.

October 13 | Bloomberg Television – Live TV Interview

During his appearance at Bloomberg Television's Sydney studio, Tim discussed the impact of elevated bond yields and oil prices on equities, the technology sector and inflation.

• Tim identified 5.5% on the US 10-year Treasury yield as a warning level, with a move towards 6% potentially making bonds more attractive than equities.

• Upcoming earnings would be a key test for technology stocks. Tim expected healthy results and saw potential opportunities in semiconductor stocks, supported by strong order books extending into 2028.

• Easing Middle East tensions could bring Brent towards US$85, easing inflation, lowering bond yields and giving central banks more room to soften monetary policy.

8 October | ET Now – Live TV Interview

Tim joined ET Now's flagship The Markets programme to discuss Federal Reserve policy, the equity outlook and the impact of oil prices on global central banks.

• Tim expected the Fed to hold rates in October, barring an inflation surprise, although markets anticipated another hike in December.

• Equities remained resilient on AI investment, but Treasury yields approaching 5.5% could pressure stocks, particularly if tech earnings disappointed.

• Tim expected the BOJ to consider another rate hike to support the yen, while lower oil prices could ease inflation and reduce pressure for monetary tightening.

7 October | TRT World – Live TV Interview

Tim examined why Asian equity markets were underperforming their US counterparts and why oil prices remained elevated despite improving export figures.

• Tim expected the Fed to hold rates in October, barring an inflation surprise, although markets anticipated another hike in December.

• Equities remained supported by AI investment, but Treasury yields nearing 5.5% could pressure stocks, especially if tech earnings disappointed.

• Tim expected the BOJ to consider another rate hike to support the yen, while lower oil prices could ease inflation and monetary tightening pressures.