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 fo

$Tesla Motors(TSLA)$ released its Q2 2023 earnings on Wed 19 Jul 2023 after US market closed. This was followed by a press conference to answer queries that analysts, wall street professionals may have. Reactions on the following 2 days - Thu, 20 Jul & Fri, 21 Jul best summed up Wall Street sentiments. They did not like all the negatives stemming from the clarifications session. Does this signal the beginning of another Tesla correction? Below are some possible catalysts that I think might spur decline: (1) Q3 2023 EV volume will be reduced. During Q2 earnings press conference, mr musk announced that in Q3 2023, the giga factories will shutdown for factory improvements. (see above). Meaning output and delivery will be affected. Coupled wi

Five of the Magnificent Seven are in my portfolio Currently the portfolio is up 54.9% year-to-date, although at the beginning of the month it peaked at 59.1%. I do own 5 of the Magnificent Seven stocks, where Meta & Microsoft are the best performers in my portfolio, they are around fair value right now. I have divested from Apple on the run up, as it is about 26% over valued. As for Amazon & Alphabet, they are still undervalued and I will add more shares if they fall after earnings. As for Nvidia & Tesla, they are way over valued, so that won't be a consideration as the downside is more than the upside. One of the underdogs that has surprised me was Salesforce, I did not expect them to launch their AI product at all. The sole black sheep is Disney, which is down by 20% on