To The Moon

A few months ago we warned our readers to beware of hype in the crypto world. People were creating new crypto tokens and adding AI to the name. Others were bidding up the prices of these tokens in the mistaken belief that these were anything other than new altcoins seeking a foothold in the competitive crypto realm. But once you get past the AI hype there is another issue in regard to how AI will affect crypto. It has to do with artificial intelligence apps becoming dominant in the investing and trading world. No one is discussing this issue in crypto right now but the head of Securities and Exchange Commission has brough this in regard to the wider world of finance and investm

Introduction: In the fast-paced world of finance, opportunities often arise from market disruptions and fluctuations. The recent announcement of Tapestry's potential acquisition of Capri Holdings, coupled with a significant stock price drop, has created an interesting scenario for investors. While the initial market reaction might be unsettling, this article explores why this could be an opportune moment to consider selling put options on $Tapestry Inc.(TPR)$. Understanding the Situation: On August 10, 2023, Tapestry faced a steep decline of around 16% following the news of its potential acquisition of Capri Holdings. However, rather than viewing this as a reason to steer clear, astute investors see this as a time to seize potential gains thr

Public Holidays No public holidays for Hong Kong, Singapore, the US & China in the coming week. Economic Calendar (14Aug2023) Economic Calendar for the week starting 14 Aug 2023 Notable Highlights Retail data - Core retail sales and retail sales data will be announced this week. This reflects consumption in the USA. Building Permits. This will shed some light pertaining to real estate. Philadelphia Fed Manufacturing Index. From investing > The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. Jobless cla