To The Moon

Public Holidays No public holidays for Hong Kong, Singapore the US & China in the coming week. Economic Calendar (24Jul2023) Economic Calendar for the week starting 24 Jul 2023 Notable Highlights Fed interest rate decision should be the most watched macro news for the coming week. With the Fed predicting another 2 more interest rate hikes, it is speculated that the market is expecting a rate hike of 25bps. How will the market respond to this? The tone of the speech during the announcement may be a key reference. If the tone is largely hawkish, the market may not respond kindly to this. PCE - This is the Fed’s preferred indicator coming to inflation and the forecast (MoM) is a persistent 0.2% growth. This is an important data point as the Fed uses this as an important reference for the

1. #China released its 2nd quarter #GDP growth, which came in at 6.3%. That was significantly lower than expectations of 6.8% to 7.0% growth. The growth vs. the previous quarter was 0.8%, indicating a slowdown from the 2.2% growth registered in the 1st quarter. The economy remains on shaky footing as the real estate and manufacturing sector have been struggling. The fact that China had its slowest GDP growth of just 0.4% in the 2nd quarter of 2022, indicating a lower base, shows us just how difficult a job President Xi has ahead of him to get China’s economy on track to attain their target 5% GDP growth for the full year. However, this increases the likelihood of Beijing enacting more forceful stimulus in the coming days and weeks. If they fail to announce anything new and significant, it

Inflation rose in February but was in line with expectations, providing a key input into whether the

The Federal Reserve’s preferred inflation gauges unexpectedly accelerated in January and consumer sp

These stocks hold strong competitive positions in quickly growing markets.

Happy New Year of Rabbit! We will have a busy week. In addition to companies keep reporting result (Four of the FANNG companies will report earnings this week), other major events include a decisive Fed meeting, ECB meeting, BOE meeting, US employment data and OPEC+ meeting. Everyone’s focus will be on Fed meeting. Market fully expects a 25bp rise this week, and Fed might bow to market pressure and adapt a slower hiking pace. Having said that, the risk is Fed might signal there will be more interest rate hikes before the rate reach above 5%, rather than Fed Watch pricing in a pause at 4.75%. There is no doubt inflation is slowing down and the decelerating pace is pretty impressive, but there is still a big gap from the 2% target. Although there was some layoff news, they mainly c