To The Moon

On Fri, 7 Oct 2022 the US government imposed sweeping new curbs designed to curtail China’s access to technology critical to the manufacturing and operations of its military power. (see below) The action applies new export controls to restrict: China’s access to advanced computing chips. Its ability to develop and maintain super computers & manufacture semiconductors. The move cuts at critical technological components for multiple economic sectors, but most acutely targets the manufacturing of advanced weapons systems. For a moment, calm was “restored” as chip makers studied the rules governing the ban and found a way to work around it. This was achieved by retaining the processing power but reduced the processing / comms speed. All that changed when Huawei launched its latest mobil

The third quarter of 2023 has marked the commencement of earnings season for prominent U.S. banks, including $JPMorgan Chase(JPM)$, $Citigroup(C)$, $Wells Fargo(WFC)$, $Bank of America(BAC)$, and $Goldman Sachs(GS)$. These institutions have collectively reported robust results, primarily attributed to substantial interest income and diminished credit costs. Despite these impressive figures, the CEOs of these financial giants maintain a sense of caution, anticipating that such stellar outcomes might gradually return to a more normalized state as the Federal Reserve's interest rate hikes

The market continues to focus on tech earnings and economic data. Jpmorgan Chase CEO Jamie Dimon slammed central banks on Tuesday for being "100 percent wrong" in their economic forecasts last year, as he took a very cautious view of next year's economic outlook. "The combination of factors has made it more difficult to forecast the economy, and you have to be prepared for possibilities and probabilities rather than just one scenario, which I don't see anybody doing right now."The U.S. economy is coming off its hottest summer since 2020, according to economists surveyed by The Wall Street Journal, who are renewing fears of an impending recession.However, Joseph Quinlan, chief market strategist at Bank of America Wealth Management, said that historically, U.S. recessions tend not to last fo