To The Moon

With interest rates expected to stay higher for longer until inflation exhibits signs of sustainable cooling to the Fed's long-term target of 2%, borrowing costs are poised to remain prohibitively high, especially for startups of Tesla-wannabes the likes of Xpeng, Li Auto, Nio, Rivian and Faraday Future that are still burning hoards of cash to support huge investments in their electric vehicle ventures and EV technology developments. Nevertheless, I remain cautiously optimistic of the long-term prospects of the EV market amid growing awareness of global climate change, increasingly tightening of emission controls and soaring fuel prices on the back of escalating geopolitical conflicts, and I believe that the EV market is going to overtake the market for conventional vehicles in a decade o

Semiconductor stocks mixed in morning trading.Micron Technology jumped nearly 3% while Nvidia and AM

Dec 28 - The S&P 500closed slightly lower after hitting a record intraday high on Tuesday, as a four-day rally lost steam in thin trading and investors weighed Omicron-driven travel disruptions and store closures.The Centers for Disease Control and Prevention on Monday shortened the recommended isolation time for Americans with asymptomatic cases of COVID-19 to five days from the previous guidance of 10 days.The update follows approvals for new pills and more vaccines to fight COVID-19. It hel

A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r

Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.

June 17 (Reuters) - Facebook Inc is launching ads globally on its TikTok clone Instagram Reels, the

June 16 - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr

Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis

Wall Street’s main indices closed lower on Tuesday as data showing stronger inflation and weaker U.S. retail sales in May spooked already-jittery investors awaiting the results of the Federal Reserve’s latest policy meeting.Assurance from the Fed that rising prices are transitory and falling U.S. Treasury yields have helped ease some concerns over inflation and supported U.S. stocks in recent weeks. All eyes are now on the central bank’s statement at the end of its two-day policy meeting on Wedn