5/8 — BUT ONLY TWO SIGNALS ACTUALLY BUILD BONE This is where most people go wrong. Heavy loading — weights genuinely hard enough that the last reps are a struggle, around 5-6 reps near failure. Impact — jumping, hopping, heel drops. That's it. Those are the stimuli bone responds to. Walking, cycling, swimming, yoga, Pilates, and light weights are all excellent for other reasons — cardiovascular health, mobility, balance, longevity. They will not build density the way heavy progressive resistance and impact will. Most women over 50 have been told to walk more and take calcium. That advice is not wrong. It is simply not sufficient, and it has cost an enormous number of people their independence.

Goldman Sachs upgraded Nittobo to Buy in a July 6 report. One key reason was its cautious view on TSMC’s glass core substrate (GCS) progress. I won’t add much commentary here. Just sharing the note. That said, my takeaway is that the other reasons GS cited for the upgrade do not really conflict with a constructive view on GCS over the next several years. One thing to note: based on past patterns, the likelihood of TSMC providing major updates on GCS/CoPoS at its upcoming July earnings call may be low. This is especially true since TSMC just shared key R&D results at a Japan symposium in June, where it also made a rare mention of supplier partners. If that read is right, the likelihood of major GCS updates at Innolux’s and Ibiden’s August earnings calls may also be low.

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