To The Moon

This is despite the shrink in economic growth.The central bank is expected to maintain the status qu

Worries over the debt ceiling have had the stock market on edge, yet the Saturday night deal to avoi

NVDA stock may keep climbing after its stunning post-earnings spike

This trio all trade for valuations well below their historical averages.

US MARKET RECAPLast week, all the major index close in green with a deep V-shaped pattern. The blue-chip index, Dow added 0.86%, while the S&P 500 rose 0.87%. The Nasdaq advanced 1.28% as Big Tech earnings took center stage.For April, the Dow gained 2.48% to notch its best monthly stretch since January, while the benchmark index gained 1.46%. The tech-heavy index posted marginal gains.Earnings reports from major tech companies dominated much of last week’s market debate, fueling the narrative that earnings are faring better-than-feared, despite many widespread macroeconomic concerns.So far, a little over half of S&P 500 companies have reported earnings, with more than 79% and about 72% surpassing earnings and sales expectations, respectively. First-quarter earnings are currently on

Since its the weekend Sunday, I thought I will post a more introspective piece as I gather my thoughts with “end” of April in sight. Away from relying on Moving averages (ma), Relative strength index (RSI), xxx etc what can we sense ? Needless to say, the US market has been on a roller coaster ride since the beginning of 2023; especially in Mar 2023 with the banking sector debacle in full play. Using S&P 500 as the "model" index From the above diagram, its “amazing” how quickly the composite index “recovered” from the banking fiasco and has trended upwards since. Any newbies entering the US market for the first time would’ve been fooled by such resilient recovery except that it is really not so, if we scratch just a bit deeper. (1) US Inflation With the latest official data / report de

Since its the weekend Sunday, I thought I will post a more introspective piece as I gather my thoughts with “end” of April in sight. Away from relying on Moving averages (ma), Relative strength index (RSI), xxx etc what can we sense ? Needless to say, the US market has been on a roller coaster ride since the beginning of 2023; especially in Mar 2023 with the banking sector debacle in full play. Using S&P 500 as the "model" index From the above diagram, its “amazing” how quickly the composite index “recovered” from the banking fiasco and has trended upwards since. Any newbies entering the US market for the first time would’ve been fooled by such resilient recovery except that it is really not so, if we scratch just a bit deeper. (1) US Inflation With the latest official data / report de

Recent problems in the US and Swiss banking systems have led markets to sharply cut interest rate expectations for the Federal Reserve. In just a few weeks, traders have changed from expecting four rate hike to wondering whether the Fed will continue its rate hike or even cut interest rates as soon as this summer (Figure 1).SOFR futures curve on March 24th and March 8thFigure 1: Interest rate expectations have changed dramatically in the past few weeksThe sharp change in interest rate expectations is good for gold. Gold is a de facto currency, and almost every major central bank has a large reserve of gold. However, gold is a non-interest-bearing currency. Therefore, when rate hike expectations are formed, gold prices tend to weaken. In fact, since the end of 2021, because investors' expec

The saying "Sell in May and Go Away" is a well-known phrase in the US stock market, which implies that the performance of the US stock market from November to April, during the half-year period, tends to be better than the performance from May to October during the other half-year period. Some people attribute this calendar effect to the impact of the mid-April deadline for US individual income tax filing, while others believe it is because most fund managers tend to be more aggressive in investing at year-end and year-beginning, and prefer to take vacations during the middle of the year. So, is this saying really true? Let's look at the objective data.1. Is the "Sell in May" true in US stock market? The chart below shows historical data from nearly 40 years (1985-2022) of the three major

The stock market looks wild, or at least wilder than ever, as essentially all the major indices are trading around critical key points.This is a Defining Moment for the Market.From Youtube: https://www.youtube.com/watch?v=cZ028tpOr34