To The Moon

$S&P 500(.SPX)$ closed down with the regional bank crisis and liquidity issue lingering on the broader market. Multiple companies released their earnings yesterday, with most of them falling, while $Shopify(SHOP)$ , $Shake Shack(SHAK)$ and $Coinbase Global, Inc.(COIN)$ surging.1. $Shopify(SHOP)$ surged 23.84% with double beats and sale of logistics businessE-commerce firm Shopify early Thursday reported earnings and revenue for the March quarter that topped analyst estimates. SHOP stock rocketed 23.84% as the company also announced the sale of its delivery and logistics

GoldStockData.com's Don Durrett told Investing News Network that the gold $Gold - main 2306(GCmain)$ and silver $Silver - main 2307(SImain)$ rally is now running into resistance, but he thinks the last sell-off on Wall Street will clear the way for precious metals prices.He explained, "What we are waiting for is that the headwinds in the market are basically cleared. I mean, we need to see a sell-off in the stock market, and then gold prices can finally go higher." In his view, when the stock market capitulates At that time, basically investors would no longer put money into stocks, and would stay away from the bond market.Durrett sees $2,080 an ounce as the first target for an upward breakout in

In a widely anticipated move, the US Federal Reserve raised interest rates for the 10th time in just over a year. The Fed fund rate now stands at a target range of 5%-5.25%, which is the highest it has been since August 2007.Source: Bloomberg During the news conference that followed the meeting, Chairman Jerome Powell confirmed that "a decision on a pause was not made today." This is despite the omission of a sentence stating that “the Committee anticipates that some additional policy firming may be appropriate." It appears that the Fed has finally reached the terminal rates it had set out to achieve. S&P 500 & Nasdaq Index, Source: Bloomberg The bond markets initially priced a rate hike in the June Fed meeting. However, the sentiment soon changed into a likely rate pause

Learn the fundamental and technical reasons why I think it is a safer time to buy stocks now compared to a month ago.

According to media reports, US asked Saudi Arabia to increase production when energy costs soared and pledged to step in and buy oil if prices fell. But last week, the Biden administration went back on its word and publicly ruled out purchasing new crude oil.The collapse of Silicon Valley Bank also affected commodities. Therefore, OPEC chose to cut production to stabilize the market.Energy stocks surged yesterday, with $Marathon(MRO)$ up about 10%, $ConocoPhillips(COP)$ up 9.3% and $BP PLC(BP)$ up 4.74%. Buffett’s holdings - $Occidental(OXY)$ rose 4.4% yesterday; $Chevron(CVX)$ rose 4