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-

Options newsAccording to Asym500 MRA, a derivatives strategy and execution firm from Macro Risk Advisors, about $5 trillion in options tied to U.S. stocks will expire on Friday, 80% of which are in contracts directly linked to the S&P 500. That would be the largest contract expirations in at least 20 years.It is worth noting that before the expiration of this option of up to $5 trillion, CPI and PPI, as well as retail sales data known as "terror data", will be released in full, and central banks such as the Federal Reserve will announce the latest interest rate resolution before the option scale expires.Some market analysts say that if traders in the options market rush to balance Gamma ahead of the expiration of options on S&P 500 derivatives, it could significantly dampen volatil

The three major US stock indexes touched 52-week highs during Tuesday's trading, with $S&P 500(.SPX)$ hitting its highest level since January 2022. Chip stocks show strength on Tuesday. They benefit from AI heat in 2023. $Broadcom(AVGO)$ and $KLA-Tencor(KLAC)$ reached all-time-highs of $1079.39 and $564 respectively. $Advanced Micro Devices(AMD)$ hit another 52 week high of $139. $Qualcomm(QCOM)$ closed at $136, one step closer to 52 week high of $139. $Adobe(ADBE)$ , the generative AI concept stocks, continued to break record an

A hypothetical portfolio Suppose if I had only US$10,000 to invest, what stocks would I pick? Well we could just easily say that we choose only the Magnificent Seven (M7), made up of Apple, Microsoft, Meta, Nvidia, Alphabet, Amazon & Tesla. However that would mean that our stocks are heavily concentrated in technology, communication services and consumer discretionary and would result in a highly unbalanced portfolio that might leave us to quite some downside risk should the market crash, as most of these stocks have similar correlations in price movements. Let’s say we are only allowed to pick 2 of the M7, so I would choose Alphabet & Amazon. Alphabet is the parent company of Google, YouTube and are used by millions, if not billions worldwide. Alphabet’s EPS is expected to grow at