To The Moon

Diminishing Interest. A new report from automotive research firm J.D. Power noted fading EV interest from US consumers. The survey of 8,179 consumers was conducted from January to April 2024. The data showed that for the first time since 2021 when J.D. Power began its Electric Vehicle Consideration Study, EV buying sentiment has dropped. (see below) The percentage of people who say they are ”very likely” to buy an EV is down -2% to 24%, compared to 26% last year. Those “overall likely” consumers have decreased by -3% to 58%, from 61% a year ago. Man Culprit. Main reason consumers are less excited about EVs is because there aren't enough charge points. Over half (52%) of people survey, cited this common concern. Topping it off, this “old” concern have risen by +3% from a year ago. Tesla

Week In Review. According to legend, Robert the Bruce, King of Scotland, was supposed to have told his troops this shortly before walloping the English at Bannockburn in 1314 — "If at first you don't succeed try, try and try again". That was exactly what Dow Jones (or its mastermind) did on Fri, 17 May 2024; when it failed on Thursday. The Dow finally cracked the 4,000 level and stayed there until market closed. (see below) Market Weekly Summary. DJIA: +1.04% (+412.31 TO 40,003.59). First time in history achievement and it’s the Dow 5th straight weekly gain, with an intraday high of 40,051.05. S&P 500: +1.34% (+70.19 to 5,303.27). Index achieved its longest winning streak since February 2024. Nasdaq: +1.74% (+285.66 to 16,685.97). Tech index’s longest winning streak since February as

Diminishing Interest. A new report from automotive research firm J.D. Power noted fading EV interest from US consumers. The survey of 8,179 consumers was conducted from January to April 2024. The data showed that for the first time since 2021 when J.D. Power began its Electric Vehicle Consideration Study, EV buying sentiment has dropped. (see below) The percentage of people who say they are ”very likely” to buy an EV is down -2% to 24%, compared to 26% last year. Those “overall likely” consumers have decreased by -3% to 58%, from 61% a year ago. Man Culprit. Main reason consumers are less excited about EVs is because there aren't enough charge points. Over half (52%) of people survey, cited this common concern. Topping it off, this “old” concern have risen by +3% from a year ago. Tesla

Recap. In my post dated 15 May 2024 (click here ! for details), I have shared $JPMorgan Chase(JPM)$ analysis of the CPI results using 6 mapped scenarios on US market conditions/directions. How “accurate” has JPMorgan been? US CPI & Core CPI (April 2024). CPI - April 2024 (1) CPI MoM and YoY - 0.3% & 3.4%. MoM inflation came in lower (-0.1%) than estimates of 0.4%. MoM inflation came in lower (-0.1%) than March 2024 (0.4%). YoY inflation is the same as estimates of 3.4%. YoY inflation came in lower (-0.1%) than March 2024 (3.4%). Core CPI - April 2024 (2) Core CPI MoM and YoY - 0.3% & 3.6%. MoM inflation is the same as estimates of 0.3%. MoM inflation came in low

Producer Inflation data. On Tue, 14 May 2024 - US Producer inflation report for April 2024 was published. It was a disappointment to say the least. The price of things that manufacturers make (producer prices) went up more than expected in April 2024. This is because things like financial services and hotels cost more. In short, it means inflation is still high. Even though food prices went down a little, overall price of things companies sell went up. It is likely that the price of things one buys in stores/shops (consumer prices) will also go up soon. Will the Fed that manages US economy be “forced” to raise interest rates to fight inflation ? Producer Price Index (PPI) - April 2024. Report from Labour Department showed that: Monthly Producer prices rose +0.5% in April, for both Core

Producer Inflation data. On Tue, 14 May 2024 - US Producer inflation report for April 2024 was published. It was a disappointment to say the least. The price of things that manufacturers make (producer prices) went up more than expected in April 2024. This is because things like financial services and hotels cost more. In short, it means inflation is still high. Even though food prices went down a little, overall price of things companies sell went up. It is likely that the price of things one buys in stores/shops (consumer prices) will also go up soon. Will the Fed that manages US economy be “forced” to raise interest rates to fight inflation ? Producer Price Index (PPI) - April 2024. Report from Labour Department showed that: Monthly Producer prices rose +0.5% in April, for both Core