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.