To The Moon

On the last stretch of June 2023 before July comes onboard, will the US market continues to “correct” itself this week? Afterall, after the past 5 trading days: DJIA : -2.10% (-722.82 to 33,727.43). S&P 500: -2.09% (-92.62 to 4,348.33). Nasdaq: -3.64% (-266.55 to 13,492.52) - worst performing index of the 3. The Million Dollar Question on everyone’s mind: How will the US market fare this week? Q2 2023 quarterly earnings season begins Looking at above diagram, it signals the start of Q2 2023 earnings reporting season again. One thing to note is that during Q1 2023 reporting, most companies have forecasted a rather “challenging” outlook for their Q2 earnings. It is reckoning time I supposed. As shared on my Sat, 24 Jun 2023 post -

The Global Fund Managers Survey (FMS) by Bank of America ($Bank of America(BAC)$) is an interesting barometer for the sentiments of some of the biggest institutional players in the market (and which has received frequent attention in the course of our commentary over the past year or so). In the latest survey, survey respondents indicate that their risk appetite remains depressed and not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis (GFC). A net 29% of survey respondents are “underweight” equities, down from 31% in March. Similarly, the growth expectations worsened to December 2022 levels with a net 63% expecting weaker global growth. 35% of the respondents opine that the Federal Reserve wil

🎁Questions For Tigers：With recession expectations, is this the right time to pile into boring value stocks?Will value stocks continue to perform well if the stock market starts to rebound in the second half of 2023?What Boring stocks would be shown on your target watch-list？1. “Boring stocks ”is Better During Volatile MarketThe 2022 market crash and the broader retreat of growth stocks has established one thing: boring is better when it comes to stock investing during volatile times.Earlier this year, Bloomberg quoted Goldman Sachs analyst Peter Oppenheimer, who said that value stocks are expected to outperform growth stocks in 2023 as “big cap technology sees further margin pressure, commodity prices rise , real interest rates remain higher and even geopolitical uncertainty” .Morgan Stanl

US stock market closed slightly up on Monday. Among companies that released earnings, $adidas AG(ADDYY)$ rose 8% as invetories improve; $Lucid Group Inc(LCID)$, $3D(DDD)$ , $Skyworks Solutions(SWKS)$ fell around 10% after missed estimates.1. ADDYY +8.26%: inventories improve and revenue remained flat despite adverse Yeezy impactAdidas shares jumped on Friday after the German-based sportswear giant presented better-than-expected first-quarter results that showed strong revenue in Europe, Latin America and Asia Pacific.Adidas AG reported a loss of €0.18 per share on €5.27B in revenue for Q1 2023, with currency-neutral