To The Moon

U.S. stocks fell Tuesday as investors waited for the latest remarks from Federal Reserve Chairman Jerome Powell.The Dow Jones Industrial Average was down 162 points, or 0.5%. The S&P 500 shed 0.3%, while the Nasdaq Composite traded near the flatline.A speech from Powell before the Economic Club of Washington scheduled for Tuesday afternoon remains top of mind for investors. Markets interpreted a slew of his disinflation comments during last week’s post-meeting press conference as dovish and stocks rallied. Many view the appearance as an opportunity for Powell to offer more clarity on where rates are headed, or clarify some comments made after last week’s 25 basis point rate hike.Minneapolis Fed President Neel Kashkarisaid on CNBC early Tuesday&nb

$ICBC(01398)$ Chinese shares are little changed as investors continue to digest the country's latest economic data. While China's current wave of Covid-19 infections is likely to weigh on growth at the start of the year, reopening efforts mean that economic activity may return to normal in 2Q or even as early as March, Commerzbank analysts say in a note. The benchmark Shanghai Composite Index and the Shenzhen Composite Index each rise 0.1% to 3228.54 and 2097.07, respectively, while the ChiNext Price Index is flat at 2545.51. Bank of Shanghai slips 0.2% following news that Deputy Head Cui Qingjun resigned. ICBC shares gain 0.2% following the appointment of Duan Hongtao as senior executive vice president.