To The Moon

As $S&P 500(.SPX)$ continues to break out, several stocks hit all-time-high. They are $Microsoft(MSFT)$ , $Apple(AAPL)$ , $Oracle(ORCL)$ and $Lennar(LEN)$ .1. $Microsoft(MSFT)$ rose to a new high of $351.47 on 16th June.Microsoft's shares have reached a record high following positive remarks from analysts at JPMorgan Chase regarding the company's growth prospects in artificial intelligence (AI). The stock rose to $351.47, surpassing its previous all-time high reached in November 2021.This surge in share price coincided with a br

Public Holidays Nil for Singapore Juneteenth ~ 19 June 2023 in the USA Dragon Boat Festival ~ 22 June 2023 in Hong Kong, 22-23 June 2023 in China Economic Calendar (19Jun2023) Economic Calendar starting 19 Jun 2023 Notable Highlights Services PMI - This is a good reference to the expected demand for services where a figure greater than 50 represents growth. With Covid19 behind us, more are willing to spend on services (and experiences) over products. There will be a point of equilibrium when we return a balance of both products and services. Homes related. There are a few data like “Building Permits (May)” & “Existing Home Sales (May)”. These are good references on how the US housing market is. The market is facing high price largely due to the limited quantity available. There ar

News and my muse ~ SF CRE crisis, inflation, Debt Ceiling, Layoffs - Sonos, TrueCar & Citi June is normally one of the best months of the year in trucking and sets the tone for the rest of the year. Unfortunately, its not providing much of a relief for struggling carriers. Trucking spot rates (net of fuel) are now lower than 2019. BREAKING: Median asking rent for a US home rises 1.4% in May to $1,995/month. Meanwhile, the average new car payment is now $800/month. On top of this, the average American is paying $430/month in credit card debt. This means the average person is now paying $3,225/month for rent, credit card bills and a new car payment. Inflation is real. JPMorgan analysts estimate the US will need to borrow $1.1 trillion in short-dated Treasury b