To The Moon

Recently, the market has a pullback trend, so I opened the fear index to see how big the pullback will be. Instead of a call, I found a PUT order:$VXX 20221021 16.0 PUT$​$Cboe Volatility Index(VIX)$ The call/ PUT ratio is also within the normal range.Therefore, it is concluded that some recent stocks and growth stocks because of the previous rise more, the range of correction will be relatively large. Although the market is less than the previous two months strongly bullish, but the whole or smooth upward.In other words, it is suitable to continue selling Put:Ticker symbolAnnualized incomeExpiration datestrike pricePremium$TSLA 20220819 830.0 PUT$9%2022/8/198300.69$GOOG 20220826 118.0 PUT$19%2022/8/261180.65$JPM 20220826 115.0 PUT$6%2022/8/261150.21$SBUX 20220819 86.0 PUT$19%2022/8/19860.14$DIS 20220826 117.0 PUT$9%2022/8/261170.32$UBER 20220826 31.0 PUT$57%2022/8/26310.51$ATVI 20220826 80.0 PUT$15%2022/8/26800.35$VMW 20220916 115.0 PUT$13%2022/9/161151.35​​Options active:$Tesla Motors(TSLA)$ Next week Tesla shares split three, yesterday saw a big entry: $TSLA 20220819 950.0 CALL$ . Call/PUT made new highs again, but I think Tesla will continue to trade sideways this week.$Wal-Mart(WMT)$ Earnings landing, more than single entry $WMT 20221216 155.0 CALL$

In recent 13F, Buffett’s Berkshire added 3.9 million shares of Apple in Q2 2022.$Apple(AAPL)$ rises for 6 straight weeks, showing great momentum. It turned out to be the brightest star as it leads this rebound of tech stocks.Data from Tiger Trade AppBuffett's Perfect Investment In AppleWhat is a 13F?A 13F form is required by the SEC each quarter, and details equity holdings.In the new 13F, Buffett’s purchase in the 2Q is another perfect“buy the dip” example.Data From SEC1.Buy lowAccroding to Berkshire’s filings, Buffett bought 3.9 mln shares in 11 separate purchases.Based on data of 13F, we exrapolate Buffett’s cost price of Apple was $136.72, which was relatively a low point this year. (Compared to the current price of $173)Chart made by Tiger_chat2. Sell highIn comparison, Berkshire sold 9.81 million shares of Apple for nearly $1.1 billion in the 4Q of 2020.Berkshire Hathaway first began acquiring Apple stock in 2016 with a purchase of 9.81 million shares, and those shares had doubled in value by September of2020.Data from Tiger Trade appYou can tell from this table that Buffett also sold Apple at a relatively high level.Nobody can precisely predict the bottom or high. But Buffett’s investment decision was again justified to be correct.Apple's Strong FundamentalsA new growth pole - adApple is set to expand ads to new areas of iPhone and iPad in search of its next big revenue driver.Apple advertising VP Todd Teresi plans to increase Apple's advertising revenue from $4 billion annually to billions in the double digits.Strong iphone 14 demandApple is expecting strong iPhone market demand and is asking suppliers to produce 90 million iPhone 14 units, which is comparable to iPhone 13 production in the same period last year.It revealed this week that Apple raised its iPhone 14 shipment expectations, increasing orders from 90 million units to 95 million units.Will Apple achieve a new high?Or is a pullback imminent?Have you bought Apple in Q2 like Warren Buffett?Enter our topic to post and win hundreds of tiger coins~

🕵🏻‍♀️🕵🏻‍♂️Advantages of Investing in the ASX🇦🇺 over SGX🇸🇬 & US🇺🇸 Stock Exchange💵💵💵I love to invest in ASX stocks😍😍😍 & here’s why:(1) Exchange Rate Advantage: ⭐️ SGD is stronger than AUD now & in the future, there will be times when AUD will be stronger than SGD, but SGD will always be weaker than USD🤓⭐️ About 96c SGD can buy 1 AUD now, which means that we’re paying less to get a good stock😉🤗⭐️ As recent as April 2022, 1 AUD could buy 1.03 SGD! This means that we could potentially gain an additional SGD 70 for every SGD 1000 we invest now, just from the exchange rate‼️If our stocks make a 20% profit, we get an additional SGD 84 on top of our profit🥳 Who doesn’t love free 💵💵💵? (2) Recovery Advantage: ⭐️ Given the clean energy revolution all over the 🌎, the ASX is positioned for a boom💥 as 🇦🇺 is an exporter of raw materials & all the WONDERFUL lithium, cobalt, nickel, copper, graphite etc is found in the land down under‼️⭐️ As SG doesn’t have any natural resources like 🇦🇺 or FAANG-MAANG/Breakthrough Biotech stocks like 🇺🇸, the stock exchange can only move accordingly to the economic outlook. If a recession hits, the SGX is likely to have a slower recovery as compared to 🇦🇺 & 🇺🇸(3) Dividend Advantage:⭐️ 🇦🇺 stocks generally pay higher dividends as compared to 🇸🇬 & 🇺🇸 stocks e.g. BHP is paying a 100% franked final dividend of USD1.75 per share, equivalent to a 76% payout ratio. ⭐️ This is a Dividend Yield of 11.3%🥳🥳🥳 (based on today’s share price from dividendmax.com)(4) Tax Advantage: ⭐️ Less Witholding Tax (WHT) for dividends for 🇦🇺 stocks as compared to 🇺🇸 stocks ⭐️⭐️⭐️ For 🇸🇬 residents, WHT for 🇺🇸 stocks is 30%, but it’s ONLY 0-15% for 🇦🇺 stocks. YES, 0% tax if the dividend is 100% franked‼️🔎To understand more about WHT between 🇦🇺 & 🇸🇬, read my earlier post on 6th July 2022 ➡️ “Invest in ASX High Dividend Stocks 🇦🇺: About Withholding Tax”Some high dividend stocks I’m holding/in my watch-list are $BHP GROUP LTD(BHP.AU)$ $Fenix Resources(FEX.AU)$ $FORTESCUE METALS GROUP LTD(FMG.AU)$ 😉 FYI, it’s not too late to hop onto the BHP dividend 🚀 ⭐️ Ex-Dividend Date: 1 Sep 2022⭐️ Payment Date: 22 Sep 2022⭐️ 52 Week Range: AUD 35.56- 53.72 ➡️ BHP is currently in recovery from the July lows & has upsides for capital gains as well. ⭐️ Closing Price (17/8): AUD 40.85⭐️ BHP (ASX: BHP) stands alone as the biggest ASX company by market capitalisation‼️What an excellent deal⁉️So fellow 🐯🐯🐯, do consider investing in ASX stocks where your profits can be multiplied😉🥳 Please help to click on the “Like” & “Share/Repost” buttons, so that more 🐯🐯🐯 can access this information & we can all accumulate wealth together 🤝💰Many thanks🤗@Daily_Discussion (17/8) @TigerStars @CaptainTiger @MillionaireTiger @ASX_Stars @Tiger_AU @SGX_Stars 

A 20-year-old US university student has earned $110m from $Bed Bath & Beyond(BBBY)$ .Let's look at how he made it:1. A Legendary Bet On BBBYIn July, Jake Freeman raised the $25m from friends and family and bought 5m shares in BBBY at less than $5.50 a share. His uncle helped him establish the Freeman Capital Management fund (FCM), which he used to invest in $Bed Bath & Beyond(BBBY)$ .It’s said that Freeman sold all his shares at around $28 and earned $110m. He almost sold his share at a high level compared to the current price of $18.55.Photo from googleFreeman was also “shocked” at the speed of the surge in the stock. He said:I certainly did not expect such a vicious rally upwards.I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.2. A Newbie or A Veteran?Freeman studied mathematics and economics at the University of Southern California.In addition to the professional knowledge,Freeman had a lot of experience in the stock market.He said he worked in the financial industry since 14 years old and have been interested in finance since I was 12.He also has interned at New Jersey hedge fund Volaris Capital.Compared to most of investors, I believe Freeman is a veteran with rich exprience in finance, hedge fund and investing.3. A Young Activist Shareholder?Last month, Freeman wrote to company’s board warning thatthe retailer was facing an existential crisis for its survival.To effectuate its survival, BBBY needs to cut its cash-burn rate, drastically improve its capital structure and raise cash.Photo from googleAt the same time, he called on retail investors to give BBBY a chance.He wrote on his Reddit page:Hi Everyone, I’m Jake Freeman.I truly think FCM’s proposed plan likely provides a great opportunity for BBBY to succeed. It provides‘buy-buy-time’...Photo from RedditLike many impressive professionals, Freeman is young and also an activist. After his investing, he began to push the management to improve the company and call on more investors to have faith in $Bed Bath & Beyond(BBBY)$. Similar stories also happend to $Occidental(OXY)$ as Carl Icahn kept questioning management.Bottom LineJake Freeman’s surreal investing story comes both from his intelligence and good luck. As the saying goes, Opportunity comes to the prepared mind.Do you profit most from speculation or value investing?Share your own investing style/story in our topic and win hundred of tiger coins~Click here to join the topic~

If you could put $10K into any stock or fund, what would it be?Leave your answers in the comments! 

Apple $Apple(AAPL)$ became the world's first$3 trillion company for a brief time during intraday trading on Jan 3 this year. Due to the bear market in 2022, Apple has fallen to a 52-week low of $129.04 but has recovered most ofits losses in the last 2 months, and now is valued at $2.77 trillion market cap. That's just another 8.3% to the $3 trillion market cap. It is now 6.3% away from its 52-week and all time high of $182.94.AAPL YTD -5.44%Recent news have been quite bullish for Apple, as it is just about a month away from iPhoneseason, where it is rumoured that Apple askedits suppliers to increase production for its next iPhone, and the iPhone 14 is expected to seeas much as 15% increase in prices. Some analysts have also said that Apple may get into the digital advertising business as its next big thing to boost sales.Charts say it has limited upsideFrom a charting perspective, there might be some indicators that Apple is due for a short term correction.Apple Daily Chart (2 gaps to be filled)Apple Weekly Chart with 50 period MAThe daily chart shows that Apple left 2 gaps when it gapped up Aug 10 and Jul 29. Gaps are created when the opening price differs greatlyfrom the previous days close, and it causes inefficiencies in the stock, and the price action will typically attempt to fill the gaps it left behind, although it is not a must to fill those gaps.Currently those gaps are between $164.92 to $167.68 and $157.35 to $161.24.The weekly chart shows an interesting trend that when ever the price action moves too far away from the 50 period moving average, it tends to pull back toward that 50 MA and find support, although that support failed in the firsthalf of 2022. The stochastic indicators also show that it is getting into the over bought range and could remain there for sometime beforemaking a correction.Apple 3 year Price to Earning (trailing twelve months)Apple's current Price to Earnings ratio sits around 28.5x earnings, which is still quite far from its record high 40.7x in Sep 2020.Apple 3 year Price to Cash Flow (TTM)Current price to cash flow is at 23.4 times cash flow, which is getting close to its record 28.6x in Sep 2020.Apple 3 year price to sales (TTM)Apple's current price to sales comes in at 7.25, and getting close to highs of 8.6 in Sep 2020. An interesting trend in the price to sales shows that whenever Apple crossed the 8.0x price to sales, it to pull back towards 7.0x and managed to find support. To buy or not to buy?From the analysis, it shows that the current price is not a buy. Apple will be good to hold if you bought it at a cheaper price earlier this year.  As this is a mid term election year, data has shown that the S&P 500 and the market tends to not perform well from late August to mid October. It would be highly recommended to wait for pull backs during this period to attempt to accumulate Apple shares if you love the fruitcompany.S&P 500 performance in mid term years vs all other years$S&P 500(.SPX)$ 

$Tesla Motors(TSLA)$  MW Tesla has built 3 million vehicles, a third of those in China, Elon Musk says By Mike Murphy CEO congratulates Shanghai factory on its 1 millionth vehicle Tesla Inc. has produced more than 3 million vehicles, and a third of them have been built in China, according to Elon Musk. On Sunday, the Tesla chief executive congratulated the company's Shanghai "gigafactory" in a tweet: "Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M." The milestone came just a few weeks after Musk said Tesla's factory in Fremont, Calif., produced its 2 millionth vehicle. Tesla also has new factories in Austin, Texas, and Berlin, which Musk in June referred to as "money furnaces." The Shanghai factory opened in 2018, but it has been plagued by temporary shutdowns due to COVID-19 restrictions and parts shortages. In July, Tesla said it delivered nearly 255,000 vehicles in the second quarter, down about 18% from the previous quarter. Still, the electric-auto maker beat Wall Street's expectations in its second-quarter earnings, defying projections that Shanghai shutdowns would hurt its bottom line. When earnings were released, Musk said the company had been in "supply-chain hell for several years," but barring a surprise, "we have the potential for a record-breaking second half of the year." In that report, Tesla said the Shanghai factory achieved "the highest vehicle production month in our history" in June. Tesla shares $(TSLA)$ have rallied 25% over the past month, as it gets set for a 3-for-1 stock split Aug. 24, but they are still down about 15% year to date, compared to the S&P 500's 10% decline this year.% decline this year.

Speculating vs Value InvestingI have had my fair share of little experience in both sides, with ups and downs. Speculating Ups and DownsThe boat I could have gotten off from speculating was a 722% gain. Unfortunately I was too raw and naive in the investing world and fantasised about astronomical gains before I could get out. The worst result from speculation was the grand old Toto where any bet went to ZERO. [Facepalm] Value Investing ExperienceThe upside from Value investing is not as highas speculation for the same time period. My maximal % gain is only 80% currently. However this is excluding dividends and the value of the stock that can raise further if I hold longer. Of course I have had a 84% loss (excluding dividend gains) as well.So how?Although the gains from speculation look fantastic, it is the solid gains from Value investingthat have durability. The probability of gains in Value investing trumps speculation anytime too! Of course there are many styles within Value Investing and I urge you to find one that best suits your temperament and lifestyle.What do you think? Keen to hear you out.Meanwhile here is an interesting square box view of various government styles. Where do you belong to? [Grin] @TigerStars @CaptainTiger @MillionaireTiger 

Nothing in particular to say. Keep making money.Sell put:Uber is added today. Stocks that adjust repeatedly after earnings jumps are best suited to sell puts. I also think Berkshire and Boeing would be a good fit.Ticker symbolAnnualized incomeExpiration datestrike pricePremium$TSLA 20220819 830.0 PUT$12%2022/8/198301.19$GOOG 20220826 118.0 PUT$18%2022/8/261180.68$JPM 20220826 115.0 PUT$8%2022/8/261150.31$SBUX 20220819 86.0 PUT$19%2022/8/19860.19$DIS 20220826 115.0 PUT$8%2022/8/261150.31$UBER 20220826 31.0 PUT$53%2022/8/26310.52$ATVI 20220826 80.0 PUT$18%2022/8/26800.43$VMW 20220916 115.0 PUT$14%2022/9/161151.45Option active:Paypal, Disney and Starbucks are also ideal sell put targets. I think it is not necessary to buy when seeing a big call order. We still need to consider the market risk.​​​$PYPL 20221118 105.0 CALL$ After a long post-earnings correction, there are finally signs that it's starting to kick in.$DIS 20221216 150.0 CALL$ Disney's Q3 results were positive, with revenue from its theme parks, experiences and products division reaching $7.394 billion in the quarter, up 70% from a year earlier; Streaming subscribers and cumulative users also beat market expectations; At the same time hedge fund high profile approach to increase holdings, double good.​$SBUX 20221216 92.5 CALL$ Starbucks continues to rise as services recover.​$XME 20220916 49.0 PUT$ Metals and mining industry is facing a correction in the near future, the obvious large entry short order

Big tech companies have multiple businesses and they often fight among each other.Given that Sea and Tencent just released their results, I want to compare how they have fared and get an overall sense of the market situation.First, we can compare Sea and Tencent in terms of games.Gaming contributed 31% of Sea's revenue in 2Q2022 while it is 53% of Tencent's.Sea has seen declining gaming revenue since 3Q2021. The latest quarter saw gaming revenue declined by 39% compared to the same quarter last year.Sea reasoned it is the post-Covid effect where demand for games dropped after the economy opened up.In contrast, Tencent's gaming revenue didn't decline. It was just flat. Maybe one can argue that China is having lockdowns that helped. Claiming Garena Free Fire is banned in India as an issue is not totally valid as Tencent's games such as Mobile Legends and PUBG face the same issue.Gaming is the only profitable business segment for Sea and the declining revenue means less profits could be used to defray losses in Shopee and SeaMoney. Hence, this is one reason for their deepened loss in the latest quarter.Next we compare Shopee against Lazada. These two are vying for the Southeast Asia e-commerce market.Shopee did well by growing 51% year-on-year. Lazada only did 10% growth. Moreover Shopee is already having the biggest share in Southeast Asia. Alibaba is mainly strong in China's e-commerce which is pretty much protected from foreign competition. The troubles are often internal - lockdowns, regulations and domestic competition.Both Sea and Grab (with Singtel) have digital banking licenses in Singapore. Grab will be announcing their results on 25 Aug so we can't really do an apple-to-apple comparison with Sea Money now.Both have great distribution channels for their fintech adoption. Sea has Shopee users to use the wallet. Grab has its ride hailing passengers and drivers to tap upon. Not to forget Singtel's customers too.However the numbers showed that Sea has the upper-hand. Sea's digital financial services segment's revenue was $279m in 2Q while Grab's financial services was a mere $11m in 1Q.In terms of GMV - Grab's $1.4b (1Q) is also lower Sea's $5.7b (2Q). The margins are a lot worse for Grab too.In a nutshell, Sea is weaker than Tencent when it comes to gaming. Shopee is stronger than Lazada but the fight is still ongoing. Sea is stronger than Grab when it comes to digital payments.$Sea Ltd(SE)$ $TENCENT(00700)$ $Alibaba(BABA)$ $Grab Holdings(GRAB)$ 

$Olam Group(VC2.SI)$ transforming to serve a changing world.Source from The Business Time1. Corporate Profile of Olam InternationalOlam is a leading food and agri-business operating across the value chain in more than 60 countries, supplying food, ingredients and fibres to more than 20,900 customers worldwide.Listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in Singapore in market capitalization.2. Reorganisation to deliver valueIn 2020, Olam announced a transformational plan to split the company into three operating groups to maximise Olam’s long-term value on a sustained basis. The three groups are ofi (Olam Food Ingredients), Olam Agri (Olam Global Agri) and the remaining businesses of Olam Group.At end of 2021, Olam Group had completed the first three steps of the reorgansiation plan and separation of the entities to allow each operating group to focus on developing its own markets, resources and build long term value for the business.Plan to list food ingredient unit ofi has been delayed from its planned initial public offering in Q2 2022 due to the unstable market conditions from the ongoing conflict in Ukraine. Olam is confident of listing ofi on the London Stock Exchange with a concurrent listing in Singapore and a demerger from the group in the near future.3.Olam Group’s Financial Highlight H1 2022Olam Group saw a strong EBIT growth and improved in operational PATMI. EBTI grew by 25% with strong contribution from Olam Agri which grew its EBIT by 49.4%. ofi delivered EBIT of S$265.0 million despite high inflationary costs. Operating PATMI was up 8.2% to S$472.5 million despite higher interest costs and tax provisions.The Board of Directors declared interim dividends of 4.0 cents per share.4.Olam Group Business outlook and prospectsThe significant demand growth rate seen in H2 2021 has slowed down in H1 2022 after the geopolitical crisis and pandemic lockdowns in China. ofi expects improved margins and EBIT in H2 2022. Olam Agri also expects to deliver better year on year performance in 2022.Olam Group will continue to focus on managing its working capital and costs during this period due to high commodity price and rising interest rate environment.The group will remain cautiously optimistic about its prospects for the remaining of the year, despite the global supply chain issue and intends to go ahead with the ofi IPO when the market conditions improves.

Is Cathie Wood still trustworthy? Cathie Wood acquired 28.7 Million $Invitae(NVTA)$ shares worth $122 Million. That's 0.68% of their equity portfolio (31st largest holding). The investor owns 11.48% of the outstanding Invitae stock. The first Invitae trade was made in Q4 2016. Since then Cathie Wood bought shares fifteen more times and sold shares on five occasions. The investor's estimated purchase price is $514 Million, resulting in a loss of 76%. $ARK Innovation ETF(ARKK)$ $Invitae(NVTA)$ Invitae Corporation, a medical genetics company, integrates genetic information into mainstream medicine to improve healthcare of people in the United States, Canada, and internationally. The company offers genetic tests in various clinical areas, digital health solutions, and health data services. It serves patients, healthcare providers, biopharma companies, and other partners. Genetic testing platform Invitae ripped 277% higher on August 10. It was truly epic. However, this stock was down by 45% in the following week by a severe sell-off.It appears the nearly 300% run-up on Wednesday was not about earnings but instead only due to a short squeeze.Roughly 217 million shares traded hands. For comparison, the average daily trading volume was just 13.7 million shares over the previous three months. Furthermore, the business entered August with only about 235 million shares outstanding total.It was also truly bizarre. Invitaeannounced a strategic pivot and provided financial guidance on July 18. That included unflattering growth projections, replacing the CEO, laying off one-third of its workforce, and promising to keep cash burn to "only" $825 million in 2022 and 2023. Nothing changed when it reported second-quarter 2022 operating results on August 9.EarningsGenerated revenue of$136.6 million in the quarter, a 17.5% increase compared to$116.3 million in the second quarter of 2021.GAAP gross profit was$26.3 million, and non-GAAP gross profit was$54.7 million in the second quarter of this year.GAAP gross margin was 19.2%. Non-GAAP gross margin was 40.1% as compared with 36.6% in the first quarter of 2022 and 35.4% in the second quarter of 2021.Cash, cash equivalents, restricted cash and marketable securities were$737 million as of June 30, 2022. Cash burn was$147 million, achieving a $22 million reduction from the first quarter of 2022.Invitae was among the worst positioned. It spent money a little carelessly, prioritized revenue growth over every other metric, and wasn't delivering any financial benefits from achieving larger scale. From 2018 to 2021, the business grew revenue 212%, but only grew gross profit 63%. That's a problem when operating expenses grow 302%. The result was unsurprising: Operating cash outflows swelled 507% in that span.

Public Hoildays (SG, Hong Kong, China & USA)NilEarnings CalendarEarnings Calendar for the week starting 15 Aug 2022WalmartIn the one last year, Walmart has fallen by 11.58%. It hit the recent 52-week low of 117.27 after reaching the high of 160.77.The forecast for the coming earnings is 1.63 and 150.93B for its EPS and Revenue respectively. Will Walmart continue to recover despite inventory challenges (overstock) recently.SEA LimitedSea has fallen over 71% from a year ago. Though it is away from the 52-week low of 54.06, it remains a long distance from the 52-week high of 372.70.The forecast for the coming earnings is -1.14 and 2.99B for its EPS and Revenue respectively. Will Sea Limited be able to continue its recovery? Personally, I will prefer for Sea Limited to enter into profits before willing to invest into the company.Economic CalendarEconomic Calendar for the week starting 15 Aug 2022FollowingChina's Industrial Production (YoY)falling to 3.8% from the forecast of 4.6%, we see more slowing down in China than expected. The lockdown situation in China seems to be improving with Shanghai schools set to be opened from 1st September 2022 barring any Covid outbreaks. With China being the world's factory, if the production trends downwards, it is not a good sign for the global economy in general.Crude Oil Inventoriesare an important (forward-looking) indication. Oil needs to be bought, delivered, refined and shipped out to the manufacturers before it can be turned into products like plastic that easily surround us. Thus, if the oil inventory demand is "weak" (seen by having a lesser than expected drawdown of the crude oil inventories), this can lead to a further drop in oil prices. However, this also implies that the oil producers are seeing a lesser demand for oil in the coming months by both manufacturers and consumers. Such demand drop can lead to a recessionary cycle.Retail Sales (MoM) for Julyis also a good indicator of the recovery of the market as we try to live with Covid.Initial jobs claimsare the other key data as the Fed needs to incorporate this into their interest rate adjustments. The next FOMC interest rate announcement will only take place in September. They will be looking at a few more such updates before finalising their interest rate adjustment.News and my MuseMy muse: to beat Tesla, you need more than a better car. You need a better factory.News - 61% of Americans who are living paycheck to paycheck - what should one prepare for potentially tough times?EU expects a lesser harvest in lieu of the climateDrought affects Europe's crop yield.PPI is down 0.5% MoM and initial jobless claims (262K) are lesser than the forecast of 263K.BYD contributes 32.7% of China's NEV sales in JulySAIC-GM-Wuling had an 8.3% share of China's NEV retail sales in July, NIO at 2.1% & Tesla China at 1.7%. BYD achieves zero carbon emissions at Shenzhen headquartersCONSUMER PRICE INDEX - JULY 2022The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis. Over the last 12 months, the all items index increased 8.5% before seasonal adjustment. Source: U.S. Bureau of Labor StatisticsCNBC reported thatt grain shortage is expected to last into next year.China starts autonomous self-driving taxi with Baidu,Market outlookS&P500 1D chart dated 15 Aug 2022 (SGT)From the 1D chart above, we have the following observation:The stochastics indicator is ranging. S&P500 can range in stochastic and continue to climb as per the previous trends. However, it is also in the overbought region and the market may peak soon.The MACD indicator is still on the uptrend and thus, we can expect the uptrend to continue.EMA lines are in an up trend and spread out - thus, the uptrend is likely to continue and be strong.The moving average (MA) lines of 50 & 200 are providing the following signals. MA50 is on an uptrend (mid-term) and MA200 is on a downtrend (longer term). With the candles above MA50, it should remain bullish in the short term.My considerations:with inflation remaining at 8.5%, it remains elevated though we should see some relief due to falling fuel costs. It is important to monitor if there is any demand erosion. From the manufacturers and oil producers, there are possibilities of a decline coming up as explained earlier.Weather > Europe's agriculture looks to be challenged and the USA's coming crop yield may be affected with the floods, droughts, fire and heat waves. We need to monitor closely.Fertilizer - with the Russian sanctions, the world needs to find alternatives for 40% of the world's fertilizer from Russia.Elevated housing and rental costs are inflationary in nature.More failings of crypto firmsExpecting the rest of the earnings to be "less" hopeful.With the coming winter, the gas situation in Europe needs to be worked out as they remained hostage to Russia.There are few global hotspots with tension, wars and rumours of wars - Taiwan, Israel, Armenia, etcWhile the market can be irrational longer than we can remain solvent, I continue to remain cautious about the market in lieu of the above reasons. I hope that I am wrong but I still think that we have more trying times ahead.$Wal-Mart(WMT)$ $Sea Ltd(SE)$@TigerStars   

Fed minutes show more upcoming rate hikes, but pace could slow!  How is it going to affect our local banks??$DBS GROUP HOLDINGS LTD(D05.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$ If you were to look at their earning reports, these banks derive their earnings from 1. Net interest income (DBS - 64%, UOB - 70.1%, OCBC - 58% of total income)2. Net fee & commission income (downtrend for all 3 banks)3. Other non-interest income (downtrend for all 3 banks) Although the other 2 categories is on a gradual downtrend due to poor macro-environment, the net interest income which forms the bulk earnings of 3 local banks has been increasing! The net interest income comprises of customer loan, interbank balances and securities. Customer loans include home loans, business loans, car loans, personal loans, education loans etc. Which country do these banks generate most net profit from?? That's right! Singapore!! DBS generates 71.8% income from Singapore UOB generates 63% income from SingaporeOCBC generates 47% income from SingaporeAs Singapore generally follows the US interest rates, we can expect to see higher interest rates for the different loans provided by all 3 local banks! Are u bullish on our local banks?? Do let me know your thoughts! @Daily_Discussion  @CaptainTiger  @TigerStars  @MillionaireTiger