To The Moon

“All good things must come to an end”, they say. And it did for Dow Jones Industrial Average on Thu, 27 Jul 2023, because it did not manage a 14th day rally. Market started the day strong but lost steam along the way (see above). By the time market closed for the day: DJIA: -0.67% (-237.40 TO 35,252.72). S&P 500: -0.64% (-29.34 to 4,537.41). Nasdaq: -0.55% (-77.17 to 14,050.11). Market’s Morning Rally Catalyst! An increase in real GDP could be a sign that the US economy is doing well. For Q2 2023, US’s real gross domestic product (GDP) increased at an annual rate of 2.4%. This is an increased of +0.4%, compared to Q1 2023’s GDP of 2.0%. Could this be the reason why in his press conference after FOMC interest hike announcement, Mr Powell declared that “Fed staff has dropped US rec

$Microsoft(MSFT)$ has announced its quarterly earnings (Q4 2023) on Tue, 25 Jul 2023 after market closed. Incidentally, it was the same day that $Alphabet(GOOG)$ released their Q2 2023 earnings as well; also after market closed. As a result, it was inevitable that analysts put these 2 Mega cap companies’ results side-by-side and performed apple-to-apple comparisons: especially in overlapping areas of businesses. Namely - (a) clouding computing and (b) artificial intelligence; the “hype” that got Nasdaq all hot & sizzling again. More about this later. Microsoft Q4 2023 earnings in details: Revenue: $56.19 billion, vs. $55.47 billion as expected by Refinitiv. Operating Income: $24.25 billion; that’s a

U.S. stocks opened higher and lower on Thursday, with financials and airlines weaker, as the fear gauge, the VIX, surged the most since May.The Dow snapped a 13-session winning streak, while the S&P and S&P fell more than 0.5 percent and the Dow bucked the trend, rising 1.86 percent. The 10-year Treasury yield hit 4 percent and the yen rose.After the Fed raised interest rates by 25 basis points on Wednesday as expected, the European Central Bank announced on Thursday to raise three main interest rates by 25 basis points, of which the most important deposit rate increased to 3.75%, reaching a new high since 2001, European Central Bank President Christine Lagarde said at the press conference after the meeting that the future interest rate decision is determined by economic data.Micro