To The Moon

Yesterday's Recap Stocks showed a mixed performance as investors awaited Big Tech earnings and awaited the release of first-quarter GDP growth data. The $NASDAQ(.IXIC)$ closed slightly higher, the $S&P 500(.SPX)$ remained flat, and the Dow Jones Industrial Average closed slightly lower. Key Events Today 1. GDP Data Release: Investors are eagerly anticipating the release of first-quarter gross domestic product (GDP) growth data, expected to show robust economic expansion. 2. Big Tech Earnings: $Alphabet(GOOG)$ and $Microsoft(MSFT)$ are set to report quarterly results, with market sentiment influenced by

Economic Optimism The big three U.S. indexes rallied for the second consecutive day, buoyed by retreating bond yields. The Dow Jones Industrial Average surged 0.7%, with only seven of its components ending in the red. The $S&P 500(.SPX)$ climbed 1.2%, propelled by gains in all sectors except materials. Meanwhile, the $NASDAQ(.IXIC)$ led the pack with a 1.6% gain, continuing its trend of volatility. $SPX Earnings Ups and Downs This morning brought a mixed bag of earnings reports, with Spotify Technologies, GE Aerospace, General Motors, United Parcel Service, and Danaher all delivering positive results. Conversely, JetBlue Airways, PepsiCo, Xerox, and Cleveland-Cliffs faced share declines post-earni

Yesterday's Recap Stocks ended a six-day losing streak, but concerns over long-term trajectory persist. Rising bond yields, reflecting expectations of higher Fed rates, contributed to recent market volatility. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ Key Events Today $TSLA $Tesla Motors(TSLA)$ Tesla Earnings: Tesla's quarterly results will be closely watched amid speculation about strategic shifts and waning EV demand. Tesla will report quarterly results after the bell, and while it may not be a harbinger of broader market conditions. Elon Musk faces tough investor questions over share drops, price cuts and job cuts at Tesla.The company is potentially in the midst

Tarnished No More Stocks reclaimed lost ground, staging a robust rally after recent declines. With over 400 S&P 500 constituents closing in positive territory, all 11 sectors in the index witnessed gains. The $S&P 500(.SPX)$ snapped a six-day losing streak, finishing up 0.9%, while the Dow Jones Industrial Average and the $NASDAQ(.IXIC)$ rose 0.7% and 1.1% respectively. Last week's 3% drop and a subsequent 4.6% decline since its March high marked a rocky period for the index, reminiscent of early 2023's regional banking upheaval. Earnings Excitement and Tesla's Trials This week promises a flurry of corporate earnings reports, including heavy hitters like $Te

Summary of Last Session Stocks, particularly AI-focused tech shares like $NVIDIA Corp(NVDA)$ and $SUPER MICRO COMPUTER INC(SMCI)$ , faced significant declines, with Nvidia dropping 10% and Super Micro plummeting 23%. $NVDA The tech-heavy $NASDAQ(.IXIC)$ fell 2%, marking its worst week since November 2022. Key Events of the Week - Bond yields rose, contributing to a risk-averse environment and prompting profit-taking in high-flying tech stocks. Rates - European electric-vehicle sales decline, highlighting market dependency on government support. - Rising tension in the Middle East drives oil prices higher, while gold remains near all-time highs amid macroeconom

Yesterday's Recap The market witnessed a five-day losing streak, led by disappointing tech earnings from $Netflix(NFLX)$ , $Taiwan Semiconductor Manufacturing(TSM)$ and $ASML Holding NV(ASML)$ . TSMC's reduced growth forecast for the semiconductor industry added pressure. $TSM Concerns over Middle East tensions also weighed on investor sentiment. Key Events Today Market Reaction to Middle East Tensions: Investors await developments following Israel's strike on Iran, which heightened geopolitical tensions. Oil prices surged initially, with Brent crude hitting $90 a barrel, while gold prices remained steady. Oil Tech Sector Earnings: Eyes are on tech giants

Yesterday's Summary The $S&P 500(.SPX)$ 's four-day decline, the longest since January, raised concerns amidst dashed hopes for a rate cut and escalating Middle East tensions. The market awaits strong corporate earnings to reignite optimism. The airline sector's positive performance, driven by United Airlines' upbeat second-quarter profit outlook, offers a glimmer of hope. However, the tech sector faces high expectations, particularly with the onset of earnings season. $Taiwan Semiconductor Manufacturing(TSM)$ 's robust earnings fueled by AI chip demand underscore the potential for growth in tech-related industries. $TSM Key Events to Watch Today Investors eagerly anticipate Netflix's earnings report a

Market Recap The US stock market endured its longest losing streak since January, with the $S&P 500(.SPX)$ sliding over 4% from its all-time high as big tech companies faced significant sell-offs. Chipmakers, particularly $ASML Holding NV(ASML)$ , bore the brunt of the downturn. Despite ASML's declining orders, strong sales to China persisted, even amidst export curbs imposed by the Biden administration. Meanwhile, European Central Bank President Christine Lagarde hinted at a hopeful economic recovery in the euro zone, signaling potential interest rate cuts in June. SPX Key Events: President Biden's call to triple tariffs on Chinese steel and aluminum stirred market attention, though the White House

In just a couple of weeks, the landscape of central banking and market sentiment has undergone significant shifts. Here's a summary of the key developments: Federal Reserve's Revised Outlook FED Powell's Remarks: Federal Reserve Chairman Jerome Powell expressed concern about the lack of progress in the Fed's battle against inflation. He suggested that if higher inflation persists, interest rates will remain higher for longer, delaying potential rate cuts. Market Reaction: Despite Powell's remarks, the stock market remained relatively calm, with the Dow even closing higher for the day. This could indicate that investors were already anticipating the delay in rate cuts, as hinted at by other Fed officials. International Monetary Fund's Economic Forecast Global Growth Projection: The Inter

Yesterday saw a continuation of the reevaluation of interest-rate expectations for 2024, driven by comments from Federal Reserve officials and market reactions to economic data. Here's a breakdown of the key events and market movements: DJIA: +0.17% to 37,798.97 ; $S&P 500(.SPX)$ : -0.21% to 5,051.41 ; $NASDAQ(.IXIC)$ : -0.12% to 15,865.25 $Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ Stocks Interest Rate Expectations Fed Remarks: Fed Chairman Jerome Powell emphasized the need for greater confidence in sustained inflation decli