On July 8, 2022, Ouster, Inc. (the "Company" or "Ouster") filed a complaint against Velodyne Lidar USA, Inc. ("Velodyne") in the Superior Court of California (case number pending), alleging multiple claims including intellectual property misappropriation and false advertising.Ouster will continue to take measures it determines appropriate to protect its unique and proprietary products, innovations, technologies, trade secrets and other intellectual property rights, and intends to defend itself vigorously against any claims from third parties, including Velodyne, such as described below.On June 14, 2022, Velodyne filed a lawsuit against the Company in the District Court for the Northern District of California (Case No. 22-cv-033490) relating to two patents and requested an International Tra

The personal consumption expenditure - PCE Index in the United States fell 0.1% month-over-month in July of 2022, after jumping 1% in June which was the largest increase since September 2005. Prices for goods decreased 0.4% and prices for services increased 0.1%. Food prices were up 1.3% while energy cost fell 4.8%.

Upcoming CPI Report on Wednesday, 13 July, 8.30am will be a huge event for this week.  It is expected to be higher at 8.8%.  Depending on market sentiments, the Fed is expected to hike by 75 bp . A surprise 100 bp will cause the market to react badly , as this will lead to a hard landing and recession by mid 2023.

This 213k jobless claims is actually 5000 less than the month before, indicating US demand for workers remains healthy despite an uncertain economic outlook.The higher retail sales indicate people are accepting the higher inflated goods prices. Both are bad news if you're trying to suppress inflation.  FEDS need to continue rate hikes well into 2023. 

Did he say China's AI is only good for population control? And that US Ai is ahead in military?He better wake up. China is successfully building hypersonic weapons designed by Ai , whereas the US is failing time and time again. This is just one example.Palantir (the almost penny stock), is the most important defence  tech company in the western world? OMG ... no wonder Ukraine is a loss. 

In a market that has turned against high valuation, Tesla's 125 PE is it's biggest headwind. Only hot money is keeping this stock floating.  Hopefully this continues as the possibility of a 30% drop like $NVIDIA Corp(NVDA)$and $Amazon.com(AMZN)$is very possible.Elon's cut job posting is very smart.  Hopefully he encourage others to cut workforce. Cooling the US employment rate and therefore reduce the Fed's hawkishness and promote a market rebound. 

If you follow the thought process of this writer, every other stock in the market is overpriced by 30 % to 40 % because he is of comparing the stock price average over the last 10 years.  Do this method to Amazon, Tesla, Google, Nvidia, FB and every other mega cap and you'll find how foolhardy the expected stock price should be. More fear mongering "gurus" like this in the coming months as recession nears. 

The numbers are fantastic, but market movers chose to drop $SoFi Technologies Inc.(SOFI)$ on small negative issues not even related (like the collapse of $Upstart Holdings, Inc.(UPST)$stock). In this quarter Mr Noto successfully moved SoFi away from relying on student loans for their business and increasing revenue by a massive $38 million! Beating estimates by miles. This is a great company. Proud to hold. 

Bad news is good news.  People losing jobs and consumption destruction is gaining momentum.  Therefore cooling inflation.And yet being in the Earnings season, we're all hoping the company we invested in will increase or at least maintain their double digit earnings growth. Do you see our problem here? 

U.S. Department of Commerce became tech's black swan event, issuing a ban that come out of no where.  NVDA, AMD, Intel and all other AI development related companies received the same China export ban, but Nvidia stock got burnt the most.AI chips can no longer be shipped to China; US reviewing its China-related policies and practices "keep advanced technologies out of the wrong hands. [Facepalm] 

Why would this be evil? You'd expect nothing less from a genius.  He protected Tesla investors (yes, you) from speculative price drop when he sold $8.5 billion worth of stock. He'll reinvest the money on sending people to Mars so we don't go extinct like the dinosaurs.He'll pay the same idiot lawyers that represented Ms Amber so the even bigger idiot executives at Twitter won't get a cent.Genius.

To be fair, Tesla's Giga factories are brand spanking new. Means their personnel are also new and inexperienced, especially Berlin.This 50,000 unit miss is a disappointment for sure, but you gotta give them a break.  With time they will improve. Maybe ship some  strong Mexican workers to Berlin? (joke, pls don't hang me).Anyway, expect stock price to go down. But hang in there, Ford and GM were not built in a day, why do we expect Tesla to be any different? Its tough to make great cars.

We have until September to enjoy this uptrend. Then the Feds will start rising rates again. The most powerful damper to market uptrend will be the Quantitative Tightening which will start in earnest in September. Not only Feds take your money via interest rate hike but also siphon $90 plus billion cold hard cash out of market circulation (every month from September onwards).

The preliminary Michigan Uni Consumer Sentiment Index for first half of July  will be released today, Friday, July 15 , 10am ET.  Feds take this survey seriously as it reflect on their credibility.  June survey result show consumers expect year ahead inflation of 5.3% short term, and 3.1% long term.  Hope the numbers don't go worse.

Each to his own. Negative writers like this have been proven wrong multiple times by Jensen Huang, and I'm sure he's not about to roll over and allow it to tank this time around either. Yesterday's post market drop of -4% ($166) after ER quickly rebounded to almost $180, betting NVDA will bounce back. Marketbeat still put it at Moderate Buy despite the negative sentiments (pic).

IMHO the most significant info here is the Philadelphia Fed's Business Index (Philly Fed)  which delivered a reading of -12.3, a sharp pullback from June's -3.3. This number indicates a significant cooling in businesses, including manufacturing, distribution, etc. Coupled with increasing jobless claims proves the economy is cooling and inflation will start to downtrend going forward.

The writter seem disappointed that he couldn't write a bad report for Q2 Tesla.  He keep highlighting why the results should have been worse than it is. Grudgingly giving the reasons why it's not. Overall, great company management by Elon and team considering a very very challenging quarter.  The Market should be grateful for this performance - much needed uptrend support.

Google will pay $85 million to the state of Arizona to resolve a lawsuit claiming the company illegally tracked Android device users, Arizona Attorney General Mark Brnovich announced Tuesday.  Brnovich's office also said this settlement is the largest paid by Google per capita in a consumer fraud lawsuit.