To The Moon

$Texas Instruments(TXN)$ $Silicon Laboratories(SLAB)$ $Enphase Energy(ENPH)$ 📈 🚀 Silicon Labs $SLAB is among the top performers on Nasdaq today after agreeing to $7.5B buyout proposed by Texas Instruments $TXN . SLAB +49.3% today to trade at $204.03, marking its best daily pop EVER, after earlier hitting a three year high of $207.49. SiliconLabs $SLAB, Q4-25. Results: 📊 Adj. EPS: $0.56 🟢 💰 Revenue: $208.2M 🟢 📈 Net Loss: $2.7M 🔎 Strong YoY revenue growth driven by Industrial & Commercial, with margin expansion and non-GAAP profitability. 📈 ⓗⓐⓟⓟⓨ ⓣⓡⓐⓓⓘⓝⓖ ⓐⓗⓔⓐⓓ! ⓒⓗⓔⓔⓡⓢ, ⓑⓒ🍀🍀🍀

美股市場上週整體繼續向上攀升，標普500指數週收盤漲至4247點，將年初至今的漲幅擴大到13%+，側面驗證了市場目前相對寬鬆的流動性。這樣的邏輯也初步符合我們早前在《市場尋找更多共識，權益攀升窗口期料將延長》20210607中對於6月FOMC會議美聯儲有望按兵不動，等待就業市場在中長期窗口內（半年）的修復，並有機會延長本輪權益資產向上攀升窗口期的判斷。 本週即將開啓的FOMC將傳遞出更多與此有關的信息，相信也會奠定未來一個月（7月中旬美股二季報前）的市場基調，對此我們的觀點依然樂觀。 美國貨幣政策的巨大分歧 貨幣政策作爲彈性工具雖然靈活，但也可能出現操作風險。例如如果過於樂觀，後期一旦突然緊縮，也會給市場帶來預期外的衝擊。如果把時間拉長來看，目前市場形成的共識是QE已進入下半場，但具體何時釋放緊縮預期、何時開始收緊確是近期逐漸出現分歧的事情。 目前比較典型的有以大摩爲代表的謹慎派，其預測美聯儲將更快的收緊貨幣政策，加上通脹、稅收的不確定性，和過於樂觀的盈利預期上修，這些最終將對美股帶來衝擊。 此外，近期華爾街也流傳着另一種相對樂觀的猜想，美聯儲第一次加息至少要在2024年之後。主要基於當前美國龐大的債務規模，歷史高位的債務槓桿已很難承擔過多的債務利息，這種情形下，鮑威爾班底可能借鑑格林斯潘時期的政策舉措，維持超長期的低利率政策。不妨簡單來理解，這輪超常規量化雙寬鬆，此前雖然被稱爲無限量QE供給，但風險在於美國上下無法償還債務利息的風險。因此美聯儲可以通過控制未來的債務成本，推動經濟走出泥潭，同時還能增加復甦的持續性。這個猜想如果被市場納入預期，將會緩解美債收益率系統性上漲的風險，後期也會對權益類

NEW YORK, June 11 - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th

New York The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing.Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before the bank failed as a growing number of mortgage loans went bad."Regulated banks do have more concentrated market share now so they have to be more careful," Killinger said. "But the health of the industry is great, earnings are good and oversight is strong. I'm not