To The Moon

Big-Tech’s PerformanceThis week, despite Powell's "weak hawkish" statement, but the April CPI showed signs of a slight retreat, the market once again wild, the three major stock indexes to new highs.Despite the reemergence of meme stocks in the first half of the week, times are different now, and it's difficult to have a continuous surge without a massive short squeeze. On the contrary, the emergence of ChatGPT 4o once again brought up AI fever, just next week is NVIDIA earnings, the market focus once again returned to the big technology.By the close of trading on May 16, the best performer over the past week was $NVIDIA Corp(NVDA)$ +6.32%, followed by $Apple(AAPL)$ +2.86%,

$Sea Ltd (SE)$ Q1 results A mixed bag, with significant revenue growth on the one hand and a sharp decline in profits on the other.In terms of overall results, the company reported total revenues of $3.73 billion, up 22.8% year-over-year, beating the consensus estimate of $3.56 billion; however, the net loss of $23 million was significantly lower than the net profit of $87.3 million in the same period last year; while adjusted EBITDA of $401 million was down 21% year-over-year, but still better than the consensus estimate of $222 million.Investment HighlightsE-commerce company Shopee achieved its highest ever quarterly order intake, GMV and revenue. This included a 33% year-on-year increase in revenue of $2.7 billion, above the consensu

Investment HighlightsGame business "stops falling" and rebounds, old games revitalized, expectations and water flow hit three-year highs. Overall, compared with the bottom of the last quarter, Q1 game revenue of 48.1 billion, flat year-on-year, or better than market expectations.Domestic game revenue fell by 2 points, but the water flow began to rebound. The old games "King's Honor" and "Peaceful Elite" instead regained growth because of the new, and "Golden Shovel Shovel", a number of games, exceeded the market expectations in terms of water flow and also hit a new high, which also reflects the industry-wide rebound, as well as the fact that the influence of the old IPs is still important in the absence of explosive hand travel in the industry. In addition, in last year's Q4 was criticize

The market is more sensitive to Fed’s rate cut estimate. Whether a second wave of inflation in the US is moderate, has become a new topic of analysis.The next one to two pieces of inflation data are crucial in determining the pace of rate cuts for the year, as current rate cuts are not a response to economic deteriorationInflation OutlookCore CPI is expected to remain elevated around 3.5% in Q3 2024, before a slight uptick to 3.6% by year-end due to base effects.Leading indicators like rents and wage growth are showing signs of moderation, which should help cool inflation in the coming months.Financial ConditionsTightener financial conditions, driven by higher interest rates and tightening credit spreads, are suppressing demand and inflationary pressures.However, there is a risk of a feedb

Big-Tech’s PerformanceThe impact of the delayed interest rate cut has made the earnings season tougher for growth stocks, with any indicators such as current quarter results, forward guidance, and industry competition worrying investors and potentially causing a selloff, and fewer losses overall. On the contrary, the big technology companies are also more certain expectations, higher quality assets are favored by investors.Through the close of trading on May 9, the best performers over the past week were $Meta Platforms, Inc.(META)$ +7.64%, which will rebound from its earnings plunge, followed by $Apple(AAPL)$ +6.67%, which strongly rebounded after earnings, then $Mi

$ARM Holdings Ltd (ARM)$ shares pulled back nearly 10% in late trading on Wednesday even as the British chip design firm offered up fiscal fourth-quarter results and guidance that topped expectations. Last September, its IPO'd in what could be considered the most hyped IPO in recent years.Q4 Earnings ReviewRevenue increased by 47% YoY to $928 million, with license revenue surging 60% to $414 million and royalty revenue growing 37% to $514 million. Chips shipped total of 7 billion.Adjusted EPS $0.36, beating the consensus estimate of $0.30 per share.Guidance for FY2025 Q1, Adjusted EPS between $0.32 and $0.36, revenue projected between $875 million and $925 million, slightly below consensus.Guidance for FY2025 full fiscal year, Adjus

$Walt Disney(DIS)$ in FY24 Q2 The jump and plunge of nearly 10% after earnings shows a loosening of the long side, related to the quality of its chips.DIS's actively traded chips are a mix of less risk-averse investors who think of it as a "blue chip" and more risk-averse investors who think of it as a "growth stock," which has led to a lot of volatility in the post-earnings market in recent times.Stop treating Disney like a growth stock. Since Bob Iger's return, cost-cutting and efficiency, especially for the streaming division, has been very determined. So Disney's overall revenue has been in the low single digits for three straight quarters, withThe trend of decline in the limited network, which has the highest share, is unchanged;Park revenues

$Palantir Technologies Inc.(PLTR)$ reported Q1 earnings, and while both the top line and bottom line beat consensus.But post-market feedback was still negative, mainly due to lower-than-expected current billings and slower revenue growth in the U.S. commercial segment.Meanwhile, guidance upgrades have been factored in by the market, falling short of positive pre-earnings funding expectations.Investment Highlights:1. U.S. commercial revenue growth slowed down, international revenue growth picked up. Palantir's U.S. revenue has always accounted for more than half of the revenue in the last quarter to achieve a rapid growth of 70% of the large exceeded expectations, Q1 growth rate fell rapidly to 40%, slowing down the expansion; while the internation

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