To The Moon

U.S. stock rose on Monday, extending post-election gains, while investors awaited the next batch of economic data that could decide whether the equity rally can sustain itself. Tesla rose 7%, Coinbase rose 14%.

Since its a lazy Sunday, I decided not to dwell too much on technical analysis (TA) or official data, charts etc… Instead let’s take a look at the latest happenings to one of the biggest social media conglomerates - $Meta Platforms, Inc.(META)$. When Mark Zuckerberg decided to launch its new product “Threads", he has “inevitably” signal, time to decide who will be crowned the king of “social media”. Personal view In my Thursday post, Buy $Meta Now Becos Of Threads - Twitter Killer. I have shared in detail, why I think Meta Platform will be the eventual winner (not now). Click to read, show some love, give a “Like”, “Share” & “Re-post”&nb

News and my muse - Layoffs at Xiaomi, Student debt, PMI keeps falling, Xiaomi India undergoes reshuffling, major layoffs bring employees down to 1,000 Over half of all new cars sold in the U.S. by 2030 are expected to be electric vehicles. That could put a major strain on our nation’s electric grid, an aging system built for a world that runs on fossil fuels. The Supreme Court’s decision to strike down President Biden’s mass student-debt cancellation plan thrusts borrowers back into a repayment system that millions had hoped they would never see again. Nvidia warned Wednesday that if the US imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry. When the Chinese see concerns in the market, the mode is s

Public Holidays No public holidays for Hong Kong, Singapore the US & China Economic Calendar (10Jul2023) Notable Highlights CPI - will be the most watched economic news of the coming week as this plays an important consideration in the Fed’s coming interest rate hikes decision. PPI - this speaks of inflation that hits the producers first before it reaches the wider market. If this ticks upwards, this can be read as more inflation to be passed on to the consumers in the coming weeks. Jobless claims. Initial jobless claims will be announced on Thursday. We will also get an update on the unemployment rate. This would form important data points for the Fed to decide on the next interest rate adjustment. Crude Oil Inventories can be seen as forward indicators of market demand and consumpti