Since early last week, the 10-year Treasury yield has risen for nine consecutive trading days, marking the longest streak since 1978. $Micro 10-Year Yield - main 2412(10Ymain)$ The Fed's latest rate "dot plot" indicates policymakers expect only two 25-basis-point rate cuts by the end of 2025, halving the rate cut expectations compared to September.Ian Lyngen, head of US rate strategy at BMO Capital Markets, noted that the weakness in longer-term Treasuries is driven by the Fed's hawkish stance and pressures from Treasury issuance. He added that the trend of curve steepening still has a long way to go before the end of 2024.Charlie Bilello, chief market strategist at Creative Planning, pointed out that while it has been three months since the
According to $Alphabet(GOOG)$ official blog, the quantum computer powered by the Willow chip can perform a mathematical calculation in just 5 minutes, a task that would take a traditional supercomputer over a quintillion years—longer than the age of the universe itself!Upon hearing the news, even Elon Musk exclaimed "Wow!"图片OpenAI CEO Sam Altman also specially liked and shared the announcement, highlighting the significance of Willow's achievement.
$Microsoft(MSFT)$ is set to vote on December 10th on whether to invest in Bitcoin. Bitcoin super bull and founder-chairman Michael Saylor $MicroStrategy(MSTR)$ presented a strong case to the board for incorporating Bitcoin into its balance sheet, stating that if Bitcoin is fully embraced, Microsoft's market value could increase by $5 trillion.In a 3-minute presentation to Microsoft's board and CEO Satya Nadella, Saylor described Bitcoin as "the best performing non-correlated asset" on a company's books.He cited data showing how Bitcoin has outperformed Microsoft's stock by up to 10 times on average over the past four years.
Tesla would likely be excluded from new California EV tax credits, governor's office saysThe governor’s proposal for Zero Emissions Vehicle rebates, and any potential market cap, is subject to negotiation with the legislature. Any potential market cap would be intended to foster market competition, innovation and to support new market entrants," his office said.
$YZJ Shipbldg SGD(BS6.SI)$ has secured US$11.6 billion of order wins in the year to date.This exceeds its target of US$4.5 billion for the 2024 financial year, it noted in a quarterly business update on Thursday (Nov 7).The robust order wins were fuelled by strong demand for dual-fuel container ships, oil tankers and gas carriers, said the mainboard-listed company. The strong order book brings revenue visibility up to mid-2028, it added.
Terry Smith, the founder of Fundsmith, has expressed doubts about Nvidia's valuation, despite its popularity and strong stock performance. His skepticism stems from concerns about the future of artificial intelligence (AI) and whether enough consumers will be willing to pay high prices for AI products to justify the investment in AI infrastructure.Additionally, he points out that competition in the chip manufacturing sector is intensifying, with other major companies like Amazon, Microsoft, and Oracle already developing their own chips, potentially eroding Nvidia's market share. Smith also notes that $NVIDIA Corp(NVDA)$ significant competitors, such as AMD and Broadcom, are making strides in the AI chip market, which could pose further risks to Nv
Shopify’s growth prospects are strong, with earnings driven by expanded Merchant Solutions, increasing international reach, and improved profitability from high-margin services. Cross-selling, enterprise adoption, and a favorable e-commerce shift further support Shopify’s revenue potential, though competition and economic factors remain as challenges.
Morgan Stanley analysts suggest that as investors breathe a sigh of relief following the election and the year-end "fear of missing out" sentiment begins to surface, the S&P 500 index could continue to climb in the latter stages of 2024, with a 5% increase from current levels not being impossible.“If there isn’t much panic in the market and people feel good about things, I think the S&P 500 could rise to 6000 points”. This would imply an approximate 5% increase from current levels.However, Wilson also warned that this enthusiasm may wane with the arrival of 2025, as there are no clear catalysts in sight.
After a strong rally, Bitcoin is on the verge of breaking its record high of nearly $74,000 set in March.On Tuesday, Bitcoin surged to $73,564 in the New York market but fell back below $73,000 during early trading on Wednesday. $MicroStrategy(MSTR)$ outperforms Bitcoin ytd.
Now tech companies are starting to choose their stances for the election.Bill Gates, the cofounder of $Microsoft(MSFT)$, donated $50 million to U.S. Vice President Harris.
$NVIDIA Corp(NVDA)$ is worth 11.7% of the US GDP now. At the peak of the DotCom bubble, Cisco was worth 5.5% of the US GDP.How do you view?r/wallstreetbets - Nvidia is worth 11.7% of the US GDP now. At the peak of the DotCom bubble, Cisco was worth 5.5% of the US GDP.