Big-Tech’s PerformanceIn the past week, NVIDIA, as a leader in the AI domain, once again released impressive financial reports, elevating investor sentiment. However, the continuous rise in US Treasury yields and concerns over Jackson Hole central bank symposium led by Jerome Powell's Federal Reserve caused considerable market volatility.As of the closing on August 17th, the standout performers of the week were $NVIDIA Corp(NVDA)$ surging by +7.26%, and $Tesla Motors(TSLA)$ , experiencing a modest rebound of 1.76%. The rest experienced declines, including $Alphabet(GOOG)$ with a slight dip of -0.02%, $Microsoft(MSFT)$ do

As of August 16th, $DJIA(.DJI)$ has declined by 1.72% since the beginning of August, $NASDAQ(.IXIC)$ has fallen by 4.98%, and $S&P 500(.SPX)$ has dropped by 3.29%, putting an end to five consecutive months of gains.Major indices’ pullback reinforces August curseAugust curse in the context of the stock market refers toa historical trend where the month of August tends to be associated with stock market declines or increased market volatility.Historically, July has been a bullish month for the stock market, but as August approaches, market volatility tends to rise.Market awaiting dovish news?The Federal Reserve Bank of Kansas City will host the 2023 Econo

At Tiger Brokers, we present Tiger Vault, an exceptional cash management solution that offers investors significant yields of up to 5.3%* on their idle funds. Why Choose Tiger Vault?A safe haven for you when stock market is volatile and uncertainThe U.S. 10-year Treasury yield climbed to its highest level since 2007 this week.Ned Davis Research’s Joseph Kalish said Monday he expects the 10-year Treasury yield could rise to 5.25%, citing risks to the bond market on inflation expectations.Tom Essaye of The Sevens Report thinks investors should remain alert as yields keep climbing and said:if yields continue to rise it will be an increasingly stiff headwind on stocks, and while they won’t c

August 24th, $MEITUAN-W(03690)$ released 2023 Q2 earnings, who demonstrated a comprehensive recovery in the first quarter, continued the trend of recovery in Q2 while facing stronger competition. Currently, Meituan remains advantageous in the local lifestyle sector, competing with platforms like Douyin (TikTok). The revival of high-profit-margin businesses has also increased the overall profitability of the company, further solidifying its valuation foundation.With the impact of Tencent's Special dividends on the stock price ending in the first half of the year, coupled with enhanced operational capabilities and rising profit levels, the company's valuation foundation continues to improve. The restoration of market confidence is the only missing

$NASDAQ(.IXIC)$ recovered 1.56% after fourth consecutive losses. How will market move after the rebound? Will market rebound continue or another decline is looming? Let’s look at the key factors affecting market trend in August.Bullish Factors1) Goldman Sachs stays optimistic amid August market dip and forecasts 8% increase in S&P 500 by year-endThe US stock market experienced a decline in August after a 21% increase in the first seven months of the year. However, Goldman Sachs remains optimistic, citing a reduced likelihood of an economic downturn and reasons for a positive market sentiment.Goldman Sachs projects that the $S&P 500(.SPX)$ will reach 4700 points by the end of the year, indicating

Recently, the upward trend of the US stock market is subject to the ever-increasing expectation of high interest rates, showing a high downward trend. Last week, due to the resilience of US macro data, strong job market data, and the hawkish influence of the minutes of the Federal Reserve's monetary policy meeting, the 10-year US bond yield continued to rise, the risk appetite weakened, and the three major US stock indexes collectively entered into correction , while the the US Dollar Index fluctuated upward.In fact,it was not only US stocks that felled, but also MSCI Global Market Index closed down across the board, among which MSCI Asia (except Japan), Asia-Pacific region (except Japan), BRIC countries and Asia were among the top losers.US Treasury bond yields have climbed to a new highL

$KUAISHOU-W(01024)$ released 2023 Q2 earningreport.Following the comprehensive profitability achieved in the Q1Kuaishou's Q2 results further bolstered overall recovery expectations and achieved a historically high profit margin. Due to the previously disclosed earnings expectations and the market's partial pricing of these, it is anticipated that the long-term profit margin has yet to peak, leaving room for valuation to rise.We believe,The sustained growth of active users is more pleasantly surprising than the income-profit aspect. Based on this trend, it is projected that MAUs could reach 700 million by the end of this year, with DAUs potentially hitting 400 million. This growth trajectory contributes significantly to the three major business se

Thanks to Tiger for awarding the weekly top predictions for SPY again! Managed to secure 77% gain on Friday without a red day this week 🙏 The annual Fed conference unveiled a mix of hawkish and dovish insights from the Federal Reserve, ultimately providing a reassuring tone to investors. At first, the Fed Chair Jerome Powell‘s statements carried significant weight to cause a dip in the market. Despite underlining the Fed’s commitment to raise rates further if necessary, Powell also remarked that it will proceed carefully and base decisions on data-driven assessments. From Powell’s more hawkish tone, indicating the readiness to further hike rates if circumstances dictate, divergent sentiments emerged from other Fed officials. Philadelphia Fed President Patrick Harker‘s message exuded cauti

The significance of a time window lies in the fact that once it is realized, the amplitude of fluctuations becomes substantial. As we step into August, the U.S. stock market has experienced three consecutive weeks of decline, catching many investors off guard.The 2023 Economic Policy Symposium, titled "Structural Shifts in the Global Economy," will be hosted by the Federal Reserve Bank of Kansas City in Jackson Hole from August 24th to 26th. Powell will deliver a speech on the economic outlook. In recent years, Powell has delivered opening keynote addresses at this three-day conference, during which investors will attempt to gather the latest clues about the economic outlook and potential interest rate changes.Jackson Hole Is Jerome Powell's Big Moment. What to Expect From His Speech. - Ba

Many expect a circumspect Fed Chair Jerome Powell when he makes a speech from Jackson Hole, Wyoming on Friday morning.“I just think he’s going to play it about as down the middle as possible,” said Joseph LaVorgna, chief economist at SMBC Nikko Securities America. “He doesn’t want to get himself boxed into a corner one way or another.”Markets Thursday braced for an unpleasant surprise, with stocks selling off and Treasury yields climbing.While the temptation for the Fed now might be to signal it has largely won the inflation war, many market participants think that would be unwise.Win Mcnamee | Getty Images News | Getty ImagesFederal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, DC. Powell testified on the Federal Res

In recent times, several American retailers have reported financial results below expectations, leading to significant drops in their stock prices. One common reason attributed to this phenomenon is "zero-dollar shopping." However, this term goes beyond mere promotional activities by businesses or "Buy Now, Pay Later" (BNPL) schemes; it refers to outright "robbery" or "theft."Indeed, during the pandemic period, such behavior emerged in various parts of the United States. Surveillance videos uploaded online during that time depicted groups of American youths gathering on the streets. Employing a "flash mob" approach, they kicked the glass doors of convenience stores, swiftly shattered the glass, and rushed in to loot all the merchandise.Retailers mentioning this concern include

August has been marked by volatile swings and contrasting market performances, with investors questioning whether the recent rebound in stock prices marks a definitive bottom in the ongoing pullback. While the Nasdaq $Invesco QQQ Trust-ETF(QQQ)$ managed to snap its four-day losing streak, driven by a surge in big tech names such as $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$, my personal view is that the dip may not be fully behind us. [Warning]  Source: Bloomberg The driving force behind the recent stock rebound appears to be a combination of dip-buying strategies and reassessment of AI-driven companies' outlooks in the face of a "higher for longer" interes

GRAB has performed well, but its valuation remains high. Following the release of its financial report on Wednesday, $Grab Holdings(GRAB)$ saw an increase of over 10% in its stock price. It has also been one of the stocks that has shown resilience this year, but struggled to make significant gains. Since the beginning of the year, its returns have lagged behind the S&P 500 (.SPX), with higher volatility. However, since March 2022, Grab's stock price has been fluctuating between $2 and $4, and regardless of its performance, it has been unable to break free from this range, let alone surpass the $10 mark it had during its SPAC issuance. The primary reason for this seems to be the persistently high valuation of the company.Q2 performance reveals

The aerospace industry has always been synonymous with innovation, pushing the boundaries of human achievement. At the forefront of this industry stands $Boeing(BA)$, an enduring titan of aviation and a symbol of progress. Boeing's financial journey is a testament to its ability to navigate turbulent skies while seizing opportunities to ascend to new heights. In this analysis, we delve into Boeing's recent financial performance, the influential factors shaping its trajectory, and the prospective outlook for investors. Financial Performance Boeing's recent financial narrative weaves a tale of triumphs and tribulations, underscoring the company's adaptability. The shadow of two tragic accidents cast a long cloud over the 737 MAX series, grounding the

Key Highlights from Fed Chair – Jackson Hole Economic SymposiumThe venue, Jackson Hole providing a serene environment for focused discussions with the symbolic significance of retreating from the noise of financial markets to discuss broader economic issues. The primary purpose of the symposium is to bring together central bankers, financial experts, academics, and policymakers from around the world to discuss important economic and financial issues. The symposium serves as a platform for participants to exchange ideas, share research findings, and engage in discussions about current and future challenges facing the global economy.Following the transcript’s highlight:Although inflation has moved down from its peak—a welcome development—it remains too high. We are prepared to raise rates fu

The correction in U.S. stocks in August ended a five-month winning streak for U.S. stocks.Because of the previous enthusiasm before August, many investors may have increased their bets, but they may encounter a big pullback in August.“August curse lasts” or “September ghost”?In recent days, some Wall Street strategists said that if the downturn continues in August, it may be a buying opportunity rather than the beginning of another painful decline.David Kostin, chief U.S. equity strategist at Goldman Sachs, he believes that if the U.S. economy continues to show signs of a soft landing, investors will have more room to increase their holdings of stocks. And the Hedge funds' leverage levels also indicate their ability to increase purchases, while a decline in mutual fund cash holdings could

At the Jackson Hole conference, I'm keeping it brief.  Our main goal now is to get inflation back to 2%. Without stable prices, the economy's a mess. We're gonna have to endure some slower growth and higher rates, but it's worth it. The economy's slowing down from its 2021 high, but we're still strong. The labor market's doing great, but there's an imbalance. Inflation's high, and even though July looked better, we need more proof it's dropping. We're tightening up our policy to fix inflation. Raised the target rates recently and might do it again. We know it might hurt, but not fixing this would hurt more. Economy's got momentum, but we're cautious. We're learning from the past, making sure inflation stays low. Expectations matter. If folks think high inflation's here to stay, it'll

The final trading week of August kicks off Monday, with all the major indices on track to finish the month with losses. The Dow and S&P have slumped 3.4% and 4%, respectively, since the start of the month, while the Nasdaq lost about 5.3%. Head & shoulders, knees & toes? Speaking Friday at the annual central bank conference in Jackson Hole, Wyoming, Powell pointed to some signs of continued economic growth and strong consumer spending, but indicated that the central bank would “proceed carefully” with additional hikes. “Although inflation has moved down from its peak — a welcome development — it remains too high,” Powell said in prepared remarks. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident