To The Moon

Since its a lazy Sunday, I decided not to dwell too much on technical analysis (TA) or official data, charts etc… Instead let’s take a look at the latest happenings to one of the biggest social media conglomerates - $Meta Platforms, Inc.(META)$. When Mark Zuckerberg decided to launch its new product “Threads", he has “inevitably” signal, time to decide who will be crowned the king of “social media”. Personal view In my Thursday post, Buy $Meta Now Becos Of Threads - Twitter Killer. I have shared in detail, why I think Meta Platform will be the eventual winner (not now). Click to read, show some love, give a “Like”, “Share” & “Re-post”&nb

News and my muse - Layoffs at Xiaomi, Student debt, PMI keeps falling, Xiaomi India undergoes reshuffling, major layoffs bring employees down to 1,000 Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation’s electric grid, an aging system built for a world that runs on fossil fuels. The Supreme Court’s decision to strike down President Biden’s mass student-debt cancellation plan thrusts borrowers back into a repayment system that millions had hoped they would never see again. Nvidia warned Wednesday that if the US imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry. When the Chinese see concerns in the market, the mode is s

Public Holidays No public holidays for Hong Kong, Singapore the US & China Economic Calendar (10Jul2023) Notable Highlights CPI - will be the most watched economic news of the coming week as this plays an important consideration in the Fed’s coming interest rate hikes decision. PPI - this speaks of inflation that hits the producers first before it reaches the wider market. If this ticks upwards, this can be read as more inflation to be passed on to the consumers in the coming weeks. Jobless claims. Initial jobless claims will be announced on Thursday. We will also get an update on the unemployment rate. This would form important data points for the Fed to decide on the next interest rate adjustment. Crude Oil Inventories can be seen as forward indicators of market demand and consumpti

Recent problems in the US and Swiss banking systems have led markets to sharply cut interest rate expectations for the Federal Reserve. In just a few weeks, traders have changed from expecting four rate hike to wondering whether the Fed will continue its rate hike or even cut interest rates as soon as this summer (Figure 1).SOFR futures curve on March 24th and March 8thFigure 1: Interest rate expectations have changed dramatically in the past few weeksThe sharp change in interest rate expectations is good for gold. Gold is a de facto currency, and almost every major central bank has a large reserve of gold. However, gold is a non-interest-bearing currency. Therefore, when rate hike expectations are formed, gold prices tend to weaken. In fact, since the end of 2021, because investors' expec

Please find and follow my YT channel (nerdbull1669) for Daily SG and US Stock Watchlist. Do follow me as I share quality stock pick for Daily Watchlist. Next Week (24-28 April) is filled with mega stocks Q1 2023 earnings reports from companies including Alphabet (GOOGL), Meta (META), Microsoft (MSFT) and Amazon (AMZN), as well as Coca-Cola (KO), PepsiCo, McDonald’s, Boeing, Exxon and Chevron. I am more interested to look at the Fed preferred measure of inflation, the Core PCE Price Index for March. It is widely expected to fall to 4.6% in March from 4.7% in February. If that happen, it would be the lowest reading recorded in 16 months. I would like to explore 2 scenarios where the actual value might be different from what is expected based on what we have seen in Jan and Feb 2023. Past Cor

The saying "Sell in May and Go Away" is a well-known phrase in the US stock market, which implies that the performance of the US stock market from November to April, during the half-year period, tends to be better than the performance from May to October during the other half-year period. Some people attribute this calendar effect to the impact of the mid-April deadline for US individual income tax filing, while others believe it is because most fund managers tend to be more aggressive in investing at year-end and year-beginning, and prefer to take vacations during the middle of the year. So, is this saying really true? Let's look at the objective data.1. Is the "Sell in May" true in US stock market? The chart below shows historical data from nearly 40 years (1985-2022) of the three major