To The Moon

U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, while Tesla gained as Texas requires charging stations to include its plug.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 3 points, or 0.07%, and Nasdaq 100 e-minis were down 24 points, or 0.16%.Pre-Market Movers$NIO(NIO)$, $XPeng(XPEV)$, $Li Auto(LI)$ — Chinese EV ADRs jumped in premarket trading. NIO, XPeng, and Li Auto rose between 2% and 3%. China extended tax breaks for consumers buying clean cars through 2027, estimated to b

A: Short term, these two weeksAs we all know, US stocks often pull back during Chinese holidays, which is an old tradition. However, given the current put and sell call layouts, the callbacks are fairly short. Because from the temporary large single layout, bears do not intend to be bearish for a long time, and almost earn a time value and leave.Apple:The large order I shared last week can be seen that the institutions are around the July 7 expiration date layout. After all, the non-farm data released on July 7 and the CPI released on July 12, from Powell's attitude, he particularly hopes that the market will cash in the expectation of adding 50 basis points on this day or 12th. So the bulls are understandably subdued.So the question is, what's going on with the

Alibaba has undergone a sudden and significant reorganization of its management structure. Daniel Zhang, previously serving as Chairman and CEO of Alibaba Group, will now step down from both positions and assume the role of CEO of Alibaba Cloud unit. Eddie Wu, one of Alibaba's co-founders, will take over as the Group CEO, while Joe Tsai, another co-founder, will become the chairman. Unlike Zhang, both Wu and Tsai have been with Alibaba since its inception. Wu initially served as a technology director in 1999 and possesses extensive experience in the company's core e-commerce business, monetization, and technology, making him a logical choic to oversee the entire group. Tsai previously held the position of the company's chief financial officer until 2013 and currently serves as executive vi