To The Moon

1. $Alphabet(GOOG)$ Hits 52-week High After Announcing It’s “AI Monetary“Plan? This mega-cap tech hitting a 52-week high on Tuesday and continues to rise on Wednesday, which is proving to be the next big AI play after $NVIDIA Corp(NVDA)$?2. What Will Drive $Alphabet(GOOG)$ Higher？ Business: $Alphabet(GOOG)$ plans to start charging large businesses $30 per month for each user of its artificial intelligence enhancements that are being added to Gmail and other productivity apps, the company said Tuesday.Earnings: Alphabet (GOOGL) Q2 2023 Earnings Call Trans

I. Review of weekly MarketWith the landing of Jackson Hole Annual Meeting, Powell's speech was neutral and hawkish, and the economic data fell short of expectations, which eased hawkish concerns. The market generally expected that the probability of suspending the rate hike in September was high, and the yield of 10-year US bonds peaked and fell back. Although it was difficult to change the Fed's policy of maintaining high interest rates in the short term, the Fed's rate hike cycle entered the middle and late stage, and the yield of 10-year US bonds fell back after the short-term risk factors landed, which led to the repair of risk appetite in the equity market.However, the recent Markit manufacturing PMI and service PMI in August fell short of expectations, and the economic growth gradual

On Tue, 29 Aug - it was (a) JOLTs and (b) CB Consumer’s confidence report that gave US market the much-needed boost to trend higher. On Wed, 30 Aug - it was (c) ADP employment data and (d) US Q2 GDP 2nd estimates that continued the good work. By the time trading drew to a close: DJIA: +0.11% (+37.57 to 34,890.24). S&P 500: +0.38% (+17.24 to 4,514.87). Nasdaq: +0.54% (+75.55 to 14,019.31). Managed to crawl back to the 14,000 level. On Tuesday & Wednesday, stocks jumped after official data was released in the mornings. The ADP National Employment reported private payrolls rose by 177,000 jobs in Aug 2023 (see above). Versus 195,000 jobs estimates forecasted by Economist polled by Reuters. More importantly, it is a drastic fall of -194,000 job openings or -52.29% from July’s 371,000