To The Moon

Yesterday's session witnessed a mixed performance in the stock market. DJIA: +0.35% to 38,467.31 - S&P 500: -0.06% to 4,924.97 - Nasdaq: -0.76% to 15,509.90 While the Dow Jones Industrial Average achieved a new record high, the $NASDAQ(.IXIC)$ experienced a decline, primarily driven by the tech sector. Despite strong anticipation for Big Tech earnings, which commenced during the session, traders appeared to position themselves for a potential sell-off following the announcements. Initial after-hours trading saw $Microsoft(MSFT)$ and $Alphabet(GOOG)$ beating earnings estimates but witnessing stock price declines due to perc

The FOMC meeting came on, and Apple led the decline among large-cap stocks. This week is the super earnings week of technology stocks, whether the main upward momentum of US stocks can continue, and the key moment to verify the belief in AI is coming.The job openings and Labor Turnover Survey (JOLTS) released by the Bureau of Labor Statistics on Tuesday showed the number of job openings rose to 9 million in December, unexpectedly rising to the highest level in three months, but the drop in quits indicated a more cautious mindset among workers even as labor demand remains strong.The Federal Reserve will hold its first FOMC meeting of the year from Tuesday, and the market is expected to keep interest rates unchanged, with expectations that the meeting may focus on issues such as shrinking th

2023 GDP Showdown! Can You Guess Which Country Ranks Moves Higher?Today, we are going to delve into the economic conditions of the world, especially Singapore, in 2023. Let's see which country stands out in terms of GDP, per capita GDP, and rankings.The Grand Reveal of TOP 20 Richest Countries of 2023:World's Richest Country 2023According to the International Monetary Fund the United States, China, and Japan have the three largest economies in the world by nominal GDP.In terms of total GDP, the United States is the world's largest economies, while Singapore, though small, is sophisticated. Despite not making the global top 20, Singapore continues to dazzle on the Asian stage.Looking at per capita GDP, despite the vast GDP of the United States, its large population places it at ninth global

You asked and this is my reply. I think the Queen Bee stock for the week belongs to $Microsoft(MSFT)$. Why? Simply for the fact that Microsoft’s AI drew the above picture (for me) based on my random, whimsical requirements. (see above) And it managed to capture (in essence) what I was hoping to see in the finished product. Need I say more? Q2 2024 earnings forecast. Microsoft MSFT is set to report second-quarter fiscal 2024 results on Tue, 30 Jan 2024. Revenue estimate: $61.03 Billion, that is a +15.71% YoY gain. Earnings per share estimates: $2.76, that is +18.97% YoY growth. Growth in Microsoft's cloud products, including Azure, Office 365, and others, is expected to help top-line growth through strong performance in both the Intelligent Cloud

Chevron (CVX) Flat Correction Remains In Progress January 29, 2024 By EWFHendra Chevron is a major global energy company involved in oil and gas exploration, production, refining, and marketing. Operating in over 180 countries, the company emphasizes sustainability, innovation, and corporate responsibility, with a focus on maintaining substantial energy reserves and addressing environmental concerns. Chevron Monthly Elliott Wave Chart Chevron Monthly Elliott Wave Chart Monthly Elliott Wave chart of Chevron (CVX) above shows that the stock has traded sideways since making all time high on November 14, 2022 at 189.68. It’s currently pulling back in wave (II) to correct cycle from 3.19.2020 low as an expanded flat Elliott Wave structure. Rally from 3.19.2020 low ended wave (I) at 182.4. Down

The Fed's preferred measure of core inflation has slowed below 3 percent, and corporate earnings have been mixed. Intel shares plunged nearly 12 percent after the company's first-quarter outlook fell well short of Wall Street expectations, undermining AI-driven hopes to some extent and weighing on tech stocks, putting AMD and Nvidia under pressure.The solid growth in the U.S. economy comes amid continued signs of slowing inflation. The December personal consumption expenditure (PCE) report showed that the annual inflation rate fell below 3%, the first time in nearly three years that it was below economists' expectations, and the growth rate was the lowest since March 2021.This follows U.S. gross domestic product (GDP) growth of 3.3 percent in the fourth quarter of last year, and the soft l

The Fed's preferred measure of core inflation has slowed below 3 percent, and corporate earnings have been mixed. Intel shares plunged nearly 12 percent after the company's first-quarter outlook fell well short of Wall Street expectations, undermining AI-driven hopes to some extent and weighing on tech stocks, putting AMD and Nvidia under pressure.The solid growth in the U.S. economy comes amid continued signs of slowing inflation. The December personal consumption expenditure (PCE) report showed that the annual inflation rate fell below 3%, the first time in nearly three years that it was below economists' expectations, and the growth rate was the lowest since March 2021.This follows U.S. gross domestic product (GDP) growth of 3.3 percent in the fourth quarter of last year, and the soft l

The Fed's preferred measure of core inflation has slowed below 3 percent, and corporate earnings have been mixed. Intel shares plunged nearly 12 percent after the company's first-quarter outlook fell well short of Wall Street expectations, undermining AI-driven hopes to some extent and weighing on tech stocks, putting AMD and Nvidia under pressure.The solid growth in the U.S. economy comes amid continued signs of slowing inflation. The December personal consumption expenditure (PCE) report showed that the annual inflation rate fell below 3%, the first time in nearly three years that it was below economists' expectations, and the growth rate was the lowest since March 2021.This follows U.S. gross domestic product (GDP) growth of 3.3 percent in the fourth quarter of last year, and the soft l

On January 24th, the People's Bank of China announced a reduction in the reserve requirement ratio by 0.5 percentage points, scheduled to take effect on February 5th. This move is aimed at providing the market with long-term liquidity of approximately 1 trillion yuan. Additionally, on January 25th, the interest rates for re-lending and rediscounting to support agriculture and small businesses will be lowered by 0.25 percentage points.Following the announcement, interbank interest rates and bond yields experienced a sharp decline. The yield on 10-year government bonds fell by 1.35 basis points to 2.49%. The Hang Seng Index initially rose, then retreated and rebounded, with market participants interpreting this as a certain degree of market approval.Subsequently, several mutual funds urgentl

Public Holidays There are no public holidays for Singapore, Hong Kong, the USA and China in the coming week. Economic Calendar (29 Jan 2024) Notable Highlights Fed interest rate decision. This is the most-watched announcement in the coming week. The market is looking forward to rate cuts but the Fed has to weigh between PMI. S&P Global US Manufacturing PMI, ISM Manufacturing PMI, and Chicago PMI help shed light on the demand for goods and services (from the manufacturer’s point of view). China’s PMI data can be seen as a reference for global demand and production. Jobs. JOLTs job openings reveal the number of jobs available in the market. ADP nonfarm employment and Non-farm payrolls change sheds light on non-farm employment. CB Consumer Confidence. This will reveal consumer sentim