To The Moon

After the recent softening in jobs data and inflation figures, the US Federal Reserve declared its first rate reduction in four years, decreasing the overnight borrowing rate by 50 basis points or half a percentage point, in line with market expectations. This brings the fed funds rate to a range of 4.75 to 5%.The Fed has indicated additional rate cuts, forecasting another 50 basis points this year, a full percentage point in 2025, and half a percentage point in 2026. However, the Fed has also raised its projection for the longer run rate to 2.9% from 2.8%, which is significantly higher from 2.5% in December 2023 and the highest since 2018.Locally, the iEdge S-REIT Index rose 1.7% on 19 September following overnight developments. Across all S-REITs and Property Trusts, there were 30 advanc

The five trading sessions saw 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 15 acquisitions, and one disposal, while substantial shareholders filed six acquisitions and three disposals. 1. $UMS(558.SI)$ On Sep 12, UMS Integration Chairman and CEO Andy Luong acquired 600,000 shares at an average price of S$0.983 per share. This increased his deemed interest in the from 15.25% to 15.34%. His preceding acquisition on the open market was on May 16, with 123,600 shares acquired at S$1.07 per share. 2. $Suntec Reit(T82U.SI)$ On Sep 17, ESR Trust Management (Suntec) Limited Chairman and Non-Executive Director Chew Gek Khim

Friday (20 Sep) saw above-average volume due to the quarterly expiration of stock options, index options, single stock futures, and index futures. DJIA reached a fresh all-time high, closing 0.1% above yesterday's close. However, S&P 500 fell by 0.2% and the NASDAQ dropped by 0.4%. The Russell 2000 lagged behind, declining by 1.1%. The downside bias stemmed from consolidation activity after a solid run for stocks. Despite today's performance, the Russell 2000 logged a 2.1% gain this week, and the S&P 500 climbed 1.4% since last Friday. CCI and August New Home Sales Report To Watch This Week This week, the September Consumer Confidence Index will be released on Tuesday, the August New Home Sales report on Wednesday, the weekly jobless claims report on Thursday, and the August Perso

There have been talks over a potential acquisition of $Intel(INTC)$ by its rival $Qualcomm(QCOM)$ But as of time of this writing, we have not heard any news of Qualcomm making an offer to Intel, however we could expect some significant obstacles as far as a possible deal is concerned, people in the know reportedly said as per The Wall Street Journal. I am more interested to see with Qualcomm in talks with Intel, what does the future hold for Intel and what are the chances of the deal going through? Will this deal help to boost Qualcomm presence in the PC and server global market? Intel Struggle With Declining Earnings In August 2024, when Intel reported a $1.6 billion quarterly loss, on top of that, Intel

New kids on the block New Kid On The Block. A seismic shift is occurring in the artificial intelligence (AI) hardware market driven by a new contender: Cerebras Systems. Recently, the California-based startup announced the launch of Cerebras Inference — a groundbreaking solution claimed to be 20x faster than $NVIDIA Corp(NVDA)$ GPUs. Cerebras has developed what it calls the “Wafer Scale Engine, 3rd generation” that powers the new Cerebras Inference. This massive chip integrates 44GB of SRAM and removes the need for external memory (a significant bottleneck in traditional GPU setups). By resolving the memory bandwidth issue, Cerebras Inference has set a new industry standards for speed, delivering: A whopping 1,800 tokens per second for Llama3.1 8B

🌟🌟🌟$iShares MSCI China Multisector Tech ETF(TCHI)$ seeks to track the investment results of an index composed of large and mid cap Chinese companies at the forefront of technological innovation.  These include A Shares, H Shares, B Shares, Red chips and foreign listings.   The MSCI China Index select constituents from 27 tech related sub industries across communication services, consumer discretionary, financials, healthcare, industrials and information technology.   The resulting portfolio is weighted by market capitalisation, subject to a 4% capping per single group entity.  The index is rebalanced quarterly. The Top 10 holdings include $XIAOMI-W(01810)$ 

Warren Buffett and his basket of "Value" goods / stocks Buffett’s Investment Principal. One of Mr Warren Buffett investment guiding principals is to invest in undervalue stocks. With 5,800 stocks listed in the US exchanges (based on 2023 data) available, investors are spoilt for choice.(see below) To complicate matters, the gradual build up to the US presidential election in November 2024 is going to “mask” the volatility & sentiments in the US market. On 02 Aug 2024, we already had a glimpse of that when US July 2024 Non-farm jobs reported a weaker data set than anticipated. In light of the actual US market - post US President election, now could be a good time to start researching & building up on stock/s of companies with wide economic moats. Why ? Well, wide-moat companies tend

What happens to the stock market after the Federal Reserve begins cutting interest rates? The unhelpful answer is - it depends. “Expert” Opinion. According to SentimenTrader, Senior research analyst, Jason Goepfert: Opinions aside, the imminent cut in the fed-funds rate has been a crapshoot for investors. There was no consistent pattern in forward returns after significant hiking cycles, in the past. Suggesting that past trends might not be a reliable indicator of future performance. As for interest cut, the most recent 3 interest cuts had led to a “big” drop in stock prices. (see below) Just so we are clear, before the interest cut, there wasn't a clear pattern. Also pointed out that the stock market's performance after the first interest rate cut did not seem to depend on how high or low

$Nvidia (NVDA)$Possibly to avoid the triple witching, institutions rolled their covered calls on Thursday. The strike prices were notable.$113 was undoubtedly painful, learning from having selected too low a strike previously. This time, they rolled to two different strikes, $121 and $124:Rolling $NVDA 20240927 121.0 CALL$ Rolling $NVDA 20240927 124.0 CALL$ The age-old question remains - why am I interpreting this as rolling two different strikes, rather than a bullish call spread? It circles back to the challenges of discerning complex option order flow direction. Tesla and Coinbase had similar rolling activi