The $.SPX(.SPX)$ and $.SPX(.SPX)$ returned 1.08% and 0.75%, respectively.Major movers include $NVIDIA Corp(NVDA)$ (-2.6%), $Tesla Motors(TSLA)$ (-2.1%), $Oracle(ORCL)$ (-3.1%), $Salesforce.com(CRM)$ (-3.5%), $Autodesk(ADSK)$ (-9.1%), $CrowdStrike Holdings, Inc.(CRWD)$ (-7.1%), $Apple(AAPL)$ (+3.3%), $Amazon.com(AMZN)$ (+5.5%), $Mi

Background:1) Trump's TariffsTrump plans to implement a blanket tariff of 10%-20% on all imported goods, with a 60% tariff specifically on goods imported from China.According to the Peterson Institute for International Economics (PIIE), the average tariff on Chinese goods was 19.3% in June 2023, compared to about 2.3% in 2018.Trump hopes that these tariffs will encourage U.S. companies to reshore their manufacturing operations and protect local businesses from cheaper foreign competition, as the price advantages will diminish once the tariffs are in place.In short, tariffs on imports should support domestic businesses by making foreign-made products more expensive. 2) U.S. May Revoke China’s PNTR StatusThere are growing concerns that the United States may revoke China’s Permanent Norm

The $.SPX(.SPX)$ and $.IXIC(.IXIC)$ returned -2.05% and -3.41%, respectively, last week.Major market movers last week included: $SUPER MICRO COMPUTER INC(SMCI)$ (-24%), $Moderna, Inc.(MRNA)$ (-21%), $AbbVie(ABBV)$ (-17%), $Micron Technology(MU)$ (-13%), $Applied Materials(AMAT)$ (-12%), $Walt Disney(DIS)$ (+16%), $Palantir Technologies Inc.(PLTR)$ (+12%), $Tapestry Inc.(TPR)

 Key Insights:Trump is likely to prioritize supporting the tech industry to strengthen the U.S.'s competitive edge and preserve its position as the global technological leader.A key focus for the incoming Trump administration will likely be securing American dominance in the global AI race, with particular emphasis on outpacing China.While antitrust lawsuits may continue to dampen investor sentiment, these legal battles are expected to drag on for years due to prolonged appeals.If Trump implements tariffs of 60% or more on Chinese imports, it could provoke retaliatory measures from China, potentially targeting U.S. companies that manufacture there.I remain constructive on tech companies, especially those involved in AI. Big tech companies that are involved in antitrust lawsuits, pursu

US betting sites currently show different forecasts: Polymarket: Trump wins the presidency, Republicans win the Senate, Democrats win the House. PredictIt: Harris wins the presidency, Republicans win the Senate, Democrats win the House.   Trump vs. Harris: The US presidential election will be decided by the Electoral College. Kamala Harris, 60, the Democratic nominee, or Donald Trump, 78, the Republican nominee, needs to win 270 electoral votes to secure the presidency.   Senate: The U.S. Senate currently comprises 51 Democrats and 49 Republicans, with Democrats in control. 34 out of 100 seats (one-third of the Senate) are up for election. Of these, Democrats and allied Independents hold 23 seats, while Republicans hold 11. Some analysts predict that Republicans are likely to win

The $.SPX(.SPX)$ and $.IXIC(.IXIC)$ returned -1.35% and -1.55% last week, respectively.Major market movers include $NVIDIA Corp(NVDA)$ (-4.34%), $Microsoft(MSFT)$ (-4.15%), $Apple(AAPL)$ (-3.67%), $Eli Lilly(LLY)$ (-8.26%), $Tesla Motors(TSLA)$ (-7.51%), $Amazon.com(AMZN)$ (+5.38%), $Alphabet(GOOGL)$ (+3.64%), $Visa(V)$ (+3.20%), $

The Impact of Different Possible U.S. Presidential Election Outcomes:1) While Trump and Harris’s policies differ widely, they would not significantly affect the stock market in the event of a split Congress.Regardless of the U.S. presidential election outcome, extreme policies that could disrupt the business cycle and change the trajectory of the economy are less likely to be enacted in the case of a split Congress, such as when the House is controlled by Democrats and the Senate by Republicans.As a result, the U.S. stock market could rise further after the election if a split Congress occurs.Some investors argue that Trump’s plan will stoke inflation risk. However, I reckon investors would priced in a stronger economy and corporate earnings under trump and would have worried inflation ris

The outstanding balance of margin trading in China is still 17.5% lower than its 2021 peak, and margin as a percentage of market capitalization is relatively low at 1.8%. This suggests that the market is not overheating, contrary to what some investors may believe.Typically, margin trading is highly correlated with the China equity market. The equity market tends to rise with increased margin trading activity, often peaking simultaneously. As of October 14, the total outstanding balance of margin trading in China has increased to 1.587 trillion yuan, which is still about 17.5% lower than its 2021 high of 1.9 trillion yuan.Currently, outstanding margin trading accounts for approximately 1.8% of the total market capitalization of China stocks. However, this level remains relatively healthy c

What happened:While China is rolling out stimulus measures to revive the mainland economy, both investors and analysts have expressed disappointment over the lack of details and the limited size of the stimulus.Some analysts and economists expect a fiscal package of 2-3 trillion yuan. I believe that any amount lower than 2 trillion yuan may not be sufficient to sustain the rally.The $HSI(HSI)$ has corrected by 10%, falling from 23,099 on October 7 to 20,804 as of 1 p.m. on October 15. What’s Next:The $HSI(HSI)$ may trade sideways until after the U.S. presidential election on November 5, as I anticipate that any large-scale measures might be delayed until then.The Chinese government could be holding bac

The $.SPX(.SPX)$ and $.IXIC(.IXIC)$ returned 1.13% and 1.19%, respectively, last week.Major market movers include $NVIDIA Corp(NVDA)$ (+7.91%), $Eli Lilly(LLY)$ (+5.06%), $JPMorgan Chase(JPM)$ (+5.24%), $Uber(UBER)$ (+16.24%), $Wells Fargo(WFC)$ (+7.08%), $Tesla Motors(TSLA)$ (-12.91%), $Alphabet(GOOG)$ (-2.29%), $Meta Platforms, Inc.(META)$ (-1.01%),

The S&P 500 and Nasdaq 100 edged up 0.26% and 0.15%, respectively, last week. Major market movers included Microsoft $Microsoft(MSFT)$ (-2.79%), Tesla $Tesla Motors(TSLA)$ (-3.99%), P&G (-2.69%), Nike $Nike(NKE)$ (-8.04%), Nvidia $NVIDIA Corp(NVDA)$ (+2.9%), Meta (+5.04%), Exxon (+7.78%), ConocoPhillips (+9.38%), and Salesforce (+4.02%). Key economic events this week include the FOMC minutes and CPI (Thursday), and PPI (Friday). Important earnings reports this week feature Pepsi on Tuesday, Delta on Thursday, and JPMorgan, Wells Fargo, and BlackRock on Friday.  Things You Should Know Before Starting Your Week

S&P 500 and Nasdaq 100 rose 0.64% and 1.1%, respectively, last week. Major stock movers: Nvidia (+4.66%), Tesla (+9.32%), Micron (+18.26%), AMD (+5.39%), Caterpillar (+6.04%), Microsoft (-1.67%), Eli Lilly (-4.74%), Amazon (-1.89%), Visa (-3.37%). Key economic data this week: Manufacturing PMI and JOLTS Job Openings (Tuesday), ADP Non-farm Employment Change (Wednesday), Unemployment Claims and Service PMI (Thursday), and Non-Farm Payroll (Friday). Fed Chair Jerome Powell will speak at an economic conference on Monday.  Things you should know before starting the week: 1) Micron Earnings Beat Sent AI Stocks Higher Last Week Both Q4 2024 earnings results and the Q1 2025 outlook exceeded expectations, indicating strong AI demand moving forward. Micron's earnings often set the tone fo