To The Moon

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Since the Federal Reserve Chairman Powell indicated that the interest rate cut will come later than expected, the stock market has continued to decline amid multiple bearish news. The Fear & Greed Index has shifted from “greed” a month ago to “fear”. The American bank stocks have fared poorly. Except for $Goldman Sachs(GS)$ and $Morgan Stanley(MS)$ , most of major banks missed their estimates and declined after earnings. $JPMorgan Chase(JPM)$ fell the most, declining by over 6% in response to disappointing net interest income. $Wells Fargo(WFC)$ , $Citigroup(C)$ , $Bank of America(BAC)$ also followed the downtrend. My strategy is to buy low this earning season. Take a que from Singapore banks’ stock all breaking out and jump higher these days.

What is a Bitcoin block halving event? Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Estimated Halving Countdown Date/Time It is estimated to see the Bitcoin halving happening in Singapore time on 20th April 2024 at around 1047hrs GMT+8. As of time of writing, we have seen $CME Bitcoin - main 2404(BTCmain)$ went up by 2K from $61K to $63K. Miners stocks like $CleanSpark, Inc.(CLSK)$ $Mara

US Market Summary The stock market is not holding up well. All 3 major indexes have broken below their 50-day moving averages. (see below) US 3 Composite Indexes - Past One Month performance On Wed (17 Apr) when market closed: DJIA: -0.12% (-45.66 to 37,753.31). At its worst level since late January 2024. S&P 500: -0.58% (-29.20 to 5,022.21). At its worst level in 2 months. Nasdaq: -1.15% (-181.88 to 15,683.37). Fell below the 16k level, its worst in 2 months. What Happened to Semiconductors? Chip stocks were big losers Wed, 17 Apr 2024. $ASML Holding NV(ASML)$ has become the poster scapegoat as a result of its disappointing earnings and guidance. ASML Q1 2024. Company missed its sales forecast, although it insists its on-target for its FY2024

4Q2023 Earnings Review: Tencent’s $TENCENT(00700)$ Revenue increased by 7.07%, and Operating Income rose by 41.96% year-over-year in the latest quarter. The Operating Margin stands at 26.28% for FY2023, the highest in the past six years. VAS revenue shrank by 1.9% year-over-year, while Online Advertising and Fintech & Business Services grew by 20.82% and 15.1% year-over-year respectively in the latest quarter. Moving forward, we expect the weakness in VAS (especially weak gaming revenue) to be offset by margin expansion in Online Advertising and Fintech & Business Services. VAS revenue, accounting for 45% of total revenue, continues its lackluster performance mainly due to lower domestic gaming revenue and decreased Social Networks revenu

Meituan's $MEITUAN-W(03690)$ stock has risen 45.5% since I last covered it on January 18, 2024. I believe it's a good time to revisit Meituan, particularly given its Friday closing price of HKD102.10, which is approaching the resistance level I mentioned at HKD107.91in my previous article. 4Q2023 Earnings Review: Revenue surged 22% year-over-year to RMB 73 billion in the latest quarter, while operating income reached RMB 1.7 billion compared to a loss of RMB 731 million in the corresponding period last year. Both revenue and operating income surpassed street expectations. However, the operating margin dropped to just 2.39% in 4Q2024. Operating margin was substantially higher in previous qua

Communications in the most abstract form. I admit. I have a difficult time writing this post. This is because it’s about looking at available inflation data quickly and making an “educated” high-level guess whether companies overall, will be reporting profits during quarterly earnings season. Below is my maiden attempt. Stay the course, with me? Hee hee. Inflation Definition. By definition: CPI - measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. PPI - measures the average change over time in the selling prices received by domestic producers for their output. Inflation Reports. US Consumer Price Index (CPI) report for March 2024, was released on Wed, 10 Apr 2024. Headline CPI: was 3.5% vs 3.4% expected vs 3.2% (Fe