To The Moon

As the Japanese yen exchange rate hit 160 in the early morning of April 29, marking a new low not seen in over 34 years, the Bank of Japan may have started to take action. Since April 29 is not a trading day in Japan (Showa Day), trading was relatively thin, resulting in larger intraday volatility. $iShares MSCI Japan ETF(EWJ)$ $Japanese Yen - main 2406(JPYmain)$ $Invesco CurrencyShares Japanese Yen Trust(FXY)$ What are the impacts of the yen's depreciation?Depreciation FactorsMonetary Policy Unchanged: The Bank of Japan decided at its March meeting to maintain the current bond purchase scale without announcing a reduction in bond purchases. This indicates tha

Since April, the nominal yield on $US10Y(US10Y.BOND)$ has surged close to 4.7%, and the real interest rate has risen from 1.87% to 2.41%. The $USD Index(USDindex.FOREX)$ has increased from 104 to 106, yet $Gold - main 2406(GCmain)$ has paradoxically soared by more than 7%, with only a slight pullback seen recently. $SPDR Gold Shares(GLD)$ Is this seemingly "contradictory" trend indicative of the emergence of new and more significant pricing factors at play?There are some aspects to observe.Divergent Traditional Correlations: The recent rise in gold prices, alongside increases in both the US dollar and

Big-Tech’s PerformanceRecent market volatility stems from two main factors:Tightening macro eviroment. inflationary pressures that have reduced expectations and pricing for interest rate cuts;Earnings season where U.S. companies are being scrutinized for their performance. Big tech stocks have also experienced significant volatility this week, Market consensus often swings to the extreme, META, GOOGL, and TSLA are all typical examples of sentiment-driven valuation returns.As of the close on April 25, influenced by the earnings season, the best and worst performers of the past week were, $Tesla Motors(TSLA)$ with a sentiment reversal of +13.51%, followed by $Apple(AAPL)$ , which was unaffected by earnings,

Unlike $Meta Platforms, Inc.(META)$ ‘s huge plunge after its Q1 earnings, $Alphabet(GOOG)$ surged 12% following a same strong Q1 performance, with overall revenue growth beating and a new high in profit margins, and accelerated capital expenditure on AI. Google rolled out a major action of "$70 billion buyback + dividend," towards its shareholders, which not only boosted market confidence but also reversed the lack of confidence in Google since the previous quarter. $Alphabet(GOOGL)$ Investment HighlightsAll major businesses exceeded market expectations. Total revenue was $80.5 billion, a year-on-year increase of 15.4%, surpassing the market consensus of $79 bil

Unlike $Meta Platforms, Inc.(META)$ ‘s huge plunge after its Q1 earnings, $Alphabet(GOOG)$ surged 12% following a same strong Q1 performance, with overall revenue growth beating and a new high in profit margins, and accelerated capital expenditure on AI. Google rolled out a major action of "$70 billion buyback + dividend," towards its shareholders, which not only boosted market confidence but also reversed the lack of confidence in Google since the previous quarter. $Alphabet(GOOGL)$ Investment HighlightsAll major businesses exceeded market expectations. Total revenue was $80.5 billion, a year-on-year increase of 15.4%, surpassing the market consensus of $79 bil

Two months ago, just because the financial report exceeded expectations, on the evening of April 24th, it immediately fell back to the starting line. Even though $Meta Platforms, Inc.(META)$ had a comprehensive Q1 financial report that exceeded expectations, it still plummeted by 18%. What exactly is the market dissatisfied with? Investment pointsDoubts about user base? User scale is the basis of advertising revenue for social media companies. The company announced that starting from Q1 24, it will no longer disclose operational indicators such as DAU/MAU/MAP/ARPU, and will instead focus on the changes in ad impressions, similar to how $Netflix(NFLX)$ stopped disclosing subscriber numbers from 2025 and in

The performance of Hong Kong stocks has been good lately. $TENCENT(00700)$ stopped repurchasing on April 15th and not only remained stable during the external callback but also rose continuously this week. Blockbuster game DNF mobile game's launch is confirmed, and the market expects a significant increase in Q1 net profit. However, what is more important is $Naspers Ltd.(NPSNY)$ which has seen a decrease in the reduction of holdings for two consecutive weeks. Continuous inflow of central capitalOutflow of funds brought by the decline in the US stocks, is stimulating the emerging markets quite significantly. Similarly, Meituan-W (03690) also experienced similar fluctuations, with the reason for the inc

$S&P 500(.SPX)$ decreased 3.1% last week, $NASDAQ 100(NDX)$ plummeted 5.5%, causing market attention. TMaybe it’s not a bad thing to fall at this position. It can not only digest its overly strong expectations, but also help to restart the interest rate cut trade.Liquidity IssuesThe turning point of financial liquidity in the second quarter will put pressure on U.S. stocks.The difference between the Federal Reserve's balance sheet rule - TGA account - reverse repos is used to measure liquidity within the financial system, which is approximately equal to the scale of reserves in the commercial banking system. Recent changes are that the Fed's monthly balance sheet reduction is still ongoing, but the tax

Big-Tech’s PerformanceRisk-off mode on, with big-techs hit first. Strong earnings does not guarantee a strong surge, macro data brings greater pressure to the market, the Fedes maintain hawkish, combined with the Israel-Iran war, the upcoming technology stock earnings season will also not be optimistic. As of the close on April 18, all big-techs experienced a pullback, with the worst performers being $Tesla Motors(TSLA)$ at -14.13%, followed by $NVIDIA Corp(NVDA)$ at -6.56%, $Microsoft(MSFT)$ at -5.53%, $Apple(AAPL)$ at -4.57%, $Amazon.com(AMZN)$ at -5.2%,

Large companies that release their financial performance early in the reporting season often provide strong guidance for similar companies. $Netflix(NFLX)$ was the first to announce its Q1 performance after hours on April 18. Judging from the comparison between the performance of the quarter and market expectations, this was an "exceeding expectations" financial report, but it dropped by 4% after hours, also signaling that investors have identified areas that require caution. Investment highlightsRevenue growth 15% year-on-year , the best in two years, and an expected 13% to 15% growth in revenue for the fiscal year 2024. Netflix's revenue growth in 2024 depends on the results of combating shared accounts and the development of the advertising bus