To The Moon

Good news keeps coming between China and Singapore.Last week, China and Singapore agreed to mutually waive visas for ordinary passport holders.This week, according to the Chinese Ministry of Commerce website, the two governments signed a protocol to further improve the free trade agreement.The protocol mentions the promotion of cooperation between the two parties in the areas of cross-border trade in services, investment, telecommunications services, the digital economy, and other areas.In detail:About trade in services: The Protocol has upgraded concepts such as national treatment, market access, and domestic regulations and included commitments such as most-favored-nation treatment and local presence.About investment liberalization: Provisions such as national treatment and most-favored-

As per my post on 1/5, $Apple(AAPL)$ met my 🐂-ish expectations for earnings despite all the bad🗞🗞🗞 about 🍎 possibly reporting an earning miss. 🍎 on 4/5 reported earnings that beat Wall Street's targets for its fiscal 2nd quarter on strong sales in iPhones & services. ⭐️ Earnings of $1.52 a share on sales of $94.8 billion for the quarter ended April 1. Analysts polled by FactSet had predicted Apple earnings of $1.43 a share on sales of $92.9 billion🐂🐂🐂 ⭐️ On a year-over-year basis, Apple earnings were unchanged while sales fell 3%. It was the 2nd consecutive quarter of sales declines for 🍎 ⭐️ APPL’s revenue for the quarter ending April 1 was $94.8 billion, a decrease of 3% from the same period a year earlie

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

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