To The Moon

5 · My Investing Muse Our thoughts on the week ahead. We use this section to explore questions, not to offer firm conclusions. The AI money-go-round The way money moves around the AI industry continues to concern us. Some attention is now on companies such as CoreWeave. Its co-founders have reportedly sold about $3.3 billion of shares since the 2025 IPO, while the value of their remaining holdings has fallen sharply. Insiders can sell shares for many reasonable reasons. Even so, it is fair to ask whether some are selling now because they expect prices to fall further. AI/ML as a share of US VC deal value, rising toward ~83% in 2026 YTD — Social Capital / PitchBook-NVCA. The real bottleneck is physical AI growth depends on more than computer chips, storage and internet connections. It also

4 · Last week’s leading news These are the main stories we are highlighting for readers this week, shown as they originally appeared so readers can judge them for themselves. @Kalshi_Finance · 16 Oct — CoreWeave founders cashed out $3.3bn. BigGo Finance · 15 Oct — CoreWeave founders’ $3.3bn cash-out; paper wealth down ~$15bn. @unusual_whales · 17 Oct — IMF warning on an AI-bubble hit to global growth. @WatcherGuru · 17 Oct — Bank of America on the AI investment cycle. @unusual_whales · 17 Oct — call to delay Anthropic’s IPO over AI-safety concerns. @coinbureau · 15 Oct — Anthropic Q3 revenue and IPO timing. Yahoo Finance — Nvidia’s Jensen Huang on cutting off unsafe-AI customers. @unusual_whales · 15 Oct — eight US states sue OpenAI. WSJ, via Threads — Netflix cutting about 1,000 jobs. @Tr

3 · S&P 500 — technical read (daily chart) For the daily chart, we first look at MACD, which shows changes in market momentum. We then check the 50-day and 200-day moving averages and the flow of trading money to see whether buyers or sellers have more control. Together, these indicators suggest one way to approach the week; they do not predict what will happen. S&P 500 (^GSPC), daily — Yahoo Finance; close 16 Oct 7,659.44 (−1.09%). Market signal summary — short-term downtrend, long-term uptrend: The S&P 500 closed at 7,659.44 on 16 October, down 1.09% for the day and about 2% for the week. The index fell below its 50-day moving average near 7,700, while MACD crossed below its signal line, both pointing to weakening short-term momentum. However, the index remained about 5% abov

2 · How we research a company — Procter & Gamble (PG) Rather than give readers a list of stocks, we want to explain the research process. Procter & Gamble reports this week, so we use it as an example of how to decide whether a company belongs in a portfolio. This explains a method; it is not a recommendation. US earnings week ahead, 19–23 Oct 2026 — Stock Titan. P&G reports before the open on Thursday. Reports: before the open on Thursday 22 October 2026 (fiscal Q1 2027). The company at a glance P&G at $159.35 on 16 Oct — Investing.com. ‘Earnings in 4 days’; five-year total return about +31%. Company snapshot: P&G traded at $159.35 on 16 October, giving it a market value of about $370bn. The shares were valued at roughly 24 times earnings and offered a 2.7% dividend yi

1 · The economic calendar This section is not about guessing the numbers. It is about understanding what each report may tell us and how markets often react. This week is light, and Federal Reserve officials are not speaking publicly, so the data will mainly shape expectations before more important events next week. Calendar summary: This is a light data week. China’s third-quarter GDP is expected to improve slightly to 4.4% from 4.3%. US jobless claims are forecast to edge up from 199,000 to 200,000, which would still point to a stable labour market. Both US PMI readings are expected to ease slightly, but remain well above 50, so services and manufacturing should continue to expand. Oil inventories will provide an additional check on energy demand and supply. Homebuilder confidence and ho

Through My Asian Lens · Pukka Perspectives Weekly Investing Preview United States market · Week of Monday 19 – Friday 23 October 2026 The calendar is quieter this week, but many companies will report earnings, and the market has recently weakened. Here is how we see the week ahead — as a guide for thinking, not a list of trades to copy. 1 · The economic calendar This section is not about guessing the numbers. It is about understanding what each report may tell us and how markets often react. This week is light, and Federal Reserve officials are not speaking publicly, so the data will mainly shape expectations before more important events next week. Calendar summary: This is a light data week. China’s third-quarter GDP is expected to improve slightly to 4.4% from 4.3%. US jobless claims are

Let us consider planning our year-end travel in areas less prone to extreme weathers, natural disasters like earthquake and volcanic activities. At the same time, Let us consider preparing some emergency toolkit. Keep well all and stay safe. Over the past week, severe weather and major natural disasters were heavily defined by an active Pacific basin and late-season Atlantic tropical activity. A powerful magnitude 7.7 earthquake struck near Panama's Azuero Peninsula at a shallow depth, injuring at least 27 people, damaging more than 400 structures, and triggering widespread power outages across six provinces. In the tropics, Hurricane Isaias made landfall near Destin, Florida as a Category 2 storm with 105 mph sustained winds. It marked the latest first-hurricane formation of an Atlanti

Here’s a ~300-word summary of our three-part market analysis (data as of 9–10 Oct 2026), in prose. 1. YTD performance and the reversal. 2026 flipped the script. The S&P 500 is up roughly 14.9% on a total-return basis, but the Magnificent 7 lagged (cap-weighted around +11%, equal-weighted around +5%) while the S&P 493 led (about +16%). The seven names that drove 62% of 2023’s gains became a drag this year, with Microsoft (−19%) and Tesla (−14%) offsetting Apple and Alphabet. Breadth broadened in the first half, then re-narrowed in Q3 (Equal-Weight −2%, Russell 2000 −7%). Concentration sits at a record ~38–40% top-10 weight, exceeding the dot-com peak. 2. Leverage and the pipeline. Margin debt hit a record ~$1.5T (+37% year-on-year), with net free credit at −$1.03T — no cash cushion

INVESTING PREVIEW (12Oct2026) III. News and My Investing Muse Energy is driving inflation. Brent crude averaged about $114 in September, while petrol and diesel reached record monthly prices. Core inflation is still easing, but the Fed cannot solve an oil shock with higher interest rates. Car buyers are feeling the pressure. A quarter of new-car loans now run longer than 84 months. The average amount financed is $44,664, with a monthly payment of $787. I’ll be listening for signs that banks are seeing more household stress. A small insurer is flashing a warning. South Carolina is moving to take control of Atlantic Coast Life Insurance after concerns about risky, hard-to-sell investments. The company is not large enough to threaten the wider system, but the case shows how higher rates can e

INVESTING PREVIEW (12Oct02026) II. S&P 500 Technical Analysis The S&P 500 reached a record 7,819 on October 6, breaking above its August high after two quiet months. Still, momentum is weaker than it was in July. The RSI, a measure of market strength, has fallen to 55 from 75. The VIX is also low at 14.8, which suggests investors may be too relaxed ahead of Wednesday’s inflation report. I’m watching three levels: 7,800, 7,700 and 7,550–7,575. Holding above 7,800 would support the breakout. A drop below 7,550 on a Friday close could open the way to 7,350. The trend is still up, but I do not want to chase it before the inflation data. Michael Burry warns that investors are in denial. That may be true, but the market is still at record highs and the trend remains positive. I’m taking