To The Moon

* Wall Street rises on signs of further pullback in inflation; Chinese EVs rally despite EU hikes in tariffs 🇺🇸 S&P 500: 0.24% 📈 🇺🇸 Nasdaq: 0.34% 📈 🇪🇺 Stoxx 600 Index: -1.30% 📉 🇯🇵 Nikkei 225 Index: -0.40% 📉 🇭🇰 Hang Seng Index: 1.07% 📈 🇨🇳 CSI 300 Index: -0.46% 📉 * U.S. stocks continued their rally, with the S&P 500 and Nasdaq Composite up 0.2% and 0.3% respectively, as further signs of slowing inflation strengthened the case for a rate cut this year, while the U.S. 10-year Treasury yield fell 7 points basis points to 4.24%. * U.S. producer prices fell -0.2% m/m in May 2024, compared with expectations for a 0.1% rise, compared with a 0.5% rise in April, mainly due to a 7.1% drop in gasoline prices. * U.S. jobless claims rose to 242k, well above market expectations of 225k and the hig

$Tesla Motors(TSLA)$ Tesla share price is likely to surge for a short term, not sustainable for a long term for the time being. Tesla long term outlook on share price depen on new EV models, tackle stiff competition especially BYD in China and the rebound of China market etc.

* Wall Street hits record high on Fed decision day; China CPI misses expectations, up 0.3% year-over-year 🇺🇸 S&P 500: 0.85% 📈 🇺🇸 Nasdaq: 1.53% 📈 🇪🇺 Stoxx 600: 1.09% 📈 🇯🇵 Nikkei 225 Index: -0.66% 📉 🇭🇰 Hang Seng Index: -1.10% 📉 🇨🇳 CSI 300 Index: 0.05% 📈 * U.S. stocks rose to new highs, with the S&P 500 and Nasdaq Composite up 0.9% and 1.5% respectively, after inflation data showed continued slowdown and the Fed kept its interest rates unchanged, but the latest economic forecasts showed There will be only 25 basis points of interest rate cuts this year. * U.S. consumer inflation slowed to 3.3% annualized in May 2024 (forecast: 3.4%) as prices fell in most categories despite rising energy costs, while core inflation also slowed to 3.4% annualized %, reaching the lowest level since Apri

But Apple shouldn't lose any sleep over Facebook's smartwatch plans.