To The Moon

Which is the Evil twin and Good twin? Q1 2024 Results. Tesla finally released its Q1 2024 earnings and it was not a pretty sight. Actuals vs Wall Street expectations: (analysts surveyed by LSEG): Tesla Q1 2024 Revenue Revenue: $21.30 billion vs. $22.15 billion expected. (see above) Earnings per share: $0.45 (adjusted) vs. $0.51 expected. Operating profit margins: 5.5% vs. 6.6% expected Other Key Metrics and YoY comparison. A high-level comparison of other key earnings metrics shows the extent of the “bad” results. (see below) Revenue declined from $23.33 billion (YoY) and from $25.17 billion in Q4 2023. Net income dropped -55% from $2.51 billion to $1.13 billion YoY. EPS dropped -53.42% from $0.73 cents a share to $0.34 a share YoY. Free Cash Flow. Tesla’s free cash flow w

Market attention shifted to earnings season, with U.S. stocks extending their rally. Spotify's shares surged 11.4% after beating Wall Street's Q1 expectations and issuing an upbeat Q2 guidance. UPS rose 2.4% as the delivery giant's profits exceeded forecasts.Options market data showed continued accumulation of far-dated put options on the S&P 500, implying expectations of another 5% decline over the next two months. For QQQ, far-dated puts kept adding, suggesting an 8% drop is priced in over the same period. On small-caps, Russell 2000 options saw further build-up of far-dated put positions, indicating a potential 4.5% decline in May.Details:The S&P 500 ETF (SPY) options overall reflected a bullish trading sentiment, with sellers of put options dominating. Open call interest declin

Over the past 30 years, the Japanese yen moved beyond USD/JPY 155 for the first time, potentially prompting Japan to intervene in the market. Despite the Bank of Japan ending its negative interest rate policy last month, interest rates remain close to zero after the rate hike.Are there any money-making opportunities? “Mrs. Watanabe,” referring to Japanese housewives who speculate in the forex market, profit from fluctuations in the yen exchange rate. Mrs. Watanabe borrows low-interest yen and invests in high-yield foreign bonds or forex deposits, capturing interest rate differentials. When anticipating possible intervention by BOJ, Mrs. Watanabe takes a short position in USD. Would you, like Mrs. Watanabe, try to make money from forex? The decline in the yen is also positive for the Japane