To The Moon

Public Holidays No public holidays for Hong Kong, Singapore & China in the coming week. The USA is closed on 4 September 2023 (Mon) for Labor Day. Thus, the USA market will be closed on Monday and open from 5th Sep 2023 onwards. Economic Calendar (04Sep2023)‌ Notable Highlights PMI. S&P Global US Services PMI and ISM Non-Manufacturing PMI will be released in the coming week. These will give us some insights on how non-manufacturing/services industries are doing in the USA. ISM Non-Manufacturing Prices will also be released which we use as a reference for the inflationary pressures faced by non-manufacturing players in the USA. Jobless claims. Initial jobless claims will be announced on Thursday. This would form critical data points for the Fed to decide on the next interest rat

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,278.30 points, up 2.29% in the past 5 days.During the last 5 trading days, $Johns Lyng(JLG.AU)$ was up 17.46%; $TABCORP HOLDINGS LIMITED(TAH.AU)$ added 10.39%; $Eagers Automotive Ltd(APE.AU)$ was up 10.20%; $KAROON ENERGY LTD(KAR.AU)$ rose 10.18%; and $MINERAL RESOURCES LTD(MIN.AU)$ increased 10.02%.1. $Johns Lyng(JLG.AU)$ +17.46% on strong revenue and earningsJohns Lyng, insurance

My investing muse‌ The week ended with a drop in CB Consumer Confidence, JOLTs Job Openings, ADP Nonfarm employment change and an increase in unemployment from 3.5% to 3.8%. Manufacturing PMI continues to point to a contractual in domestic manufacturing in the USA. It is not all bad news as we received a breather in bigger bigger-than-expected drawdown in crude oil inventories (that implies an increase in production). The market seems sandwiched between good and not-so-good news with the market largely hopeful for a sooner Fed pivot (where interest rates should be cut). The Fed does not think like the market and needs to do its bit to balance employment and inflation with its main tool of interest rate. The jobs, unemployment and inflation data would guide them in their decisions. The