Latest results out for Coinbase. Revenue up 10 fold yoy. Unlike many ecommerce platform players this company actually has a profitable business model. Check out the growth in institutional participation in crypto as well. Company guiding soft 3Q but I believe it should pick up very soon with recent return of BTC price. Worth watching this space! 

I believe that the Fed will hike by 75bps this time nut hint to the market that future hikes will be less steep. The US economy (and indeed the world economy) is clearly headed into a recession. Look no further than the crashing freight rates and the accelerating trends of retrenchment happening in the US. Not to mention the signs if weakening in the real estate sector.  The Fed can clearly not sustain the current path of high interest rates. Not least because it can hardly afford it (literally). At the current interest rates, the US government is paying US$735.6bn in interest payments. Very soon the amount will be US$1trn. This is money that is better spent on health care, education or infrastructure. According to the US Congressional Budget Office forecast, the US government will sp

$Amazon.com(AMZN)$ From a retired fund manager:AMZN rallying after hours due to 'earnings beat'!Bulk of the profits fits came from Amazon's Rivian stake (which is now worth less due to Q1 $RIVN stock decline)$AMZN revenue grew just 9%YOY and guidance also weak, yet stock is jumping!Efficient market.Single digit revenue growth (+9%YOY)Operating income ⬇️Operating cash flow ⬇️Negative Free cash flow ⬇️Q1 '22 revenue guidance +3-8%YOYEfficient market is celebrating!My take: I think the share price action will fade quickly and the stock resume its downtrend. 

$Meg Energy Corp.(MEGEF)$ oil stocks starting to correct despite good news and cheap valuations. Beware! 

$Petroleo Brasileiro SA Petrobras(PBR)$ massive dividend this quarter of $1.3. Making dividend yield 40%??

$SPROTT PHYSICAL URANIUM TR(SRUUF)$bullish

$SEMBCORP MARINE LTD(S51.SI)$ breaking out

$Invesco QQQ Trust(QQQ)$bearish. Indices might go down another 1 -2 weeks following negative price action on Fri. I am expecting a very sharp bounce from there after that give. Given the very bearish market positioning right now. In fact, it is probably the most bearish I have seen in the last 10 years. This can only mean that most of the negative news and expectations in the markets are already priced in by investors. 

$PROPNEX LIMITED(OYY.SI)$ this is one amazing stock. Momentum still behind this. See where it leads us! 

$FIRST RESOURCES LIMITED(EB5.SI)$ palm oil stocks recovering? 

$Taiwan Semiconductor Manufacturing(TSM)$Semicon sector has been positive on the shortage story for a long time. This could mark the end of the run. At least in the short term. No positive story goes on forever. 

A very thoughtful and insightful article talking about finding the Third Way for China, between pure Socialism and Capitalism. Author argues that in the first stage of China's development, capitalism has enlarged the pie for everyone. But in the next stage, China has to find a way to distribute the fruits of economic growth more evenly. Government should start by re-assessing the role of capitalism in the 3 pivotal sectors: education, medical care and housing. Actually, I believe they might have to move closer to the Singapore model where the public sector retains a huge role in these 3 segments, satisfying the needs of the majority of the people without surrendering it to a pure capitalist model. https://finance.sina.cn/zl/2021-07-27/zl-ikqcfnca9244156.d.html?from=wap

$Meituan(03690)$ stock following through after breaking out of consolidation. See my earlier post yesterday. So far so good. 

$Petroleo Brasileiro SA Petrobras(PBR)$QUARTERLY dividend of 1.219 to be distributed soon this month. That's 8% yield this first quarter alone!

$NIO Inc.(NIO)$ nice consolidation before the bounce? China EV stocks might get a boost soon following TSLA's recent break out. 

$FIRST RESOURCES LIMITED(EB5.SI)$ palm oil stocks consolidating now. Watch for a breakout!