To The Moon

-- Arm Holdings Plc priced its initial public offering at the top end of its range to raise $4.87 billion in the largest listing of the year, one that could give a major lift to long-suffering equity markets.While Arm had previously aimed to raise $8 billion to $10 billion, that target was lowered at least in part because SoftBank decided to buy the roughly 25% stake held by its Vision Fund and then hold onto a larger portion of the shares in the company. After the IPO, SoftBank will still control about 90% of the company’s shares, Arm said in its filings with the US Securities and Exchange Commission.The offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. Raine Securities LLC is also acting as financial adviser in connection with the IPO.

As of August 16th, $DJIA(.DJI)$ has declined by 1.72% since the beginning of August, $NASDAQ(.IXIC)$ has fallen by 4.98%, and $S&P 500(.SPX)$ has dropped by 3.29%, putting an end to five consecutive months of gains.Major indices’ pullback reinforces August curseAugust curse in the context of the stock market refers toa historical trend where the month of August tends to be associated with stock market declines or increased market volatility.Historically, July has been a bullish month for the stock market, but as August approaches, market volatility tends to rise.Market awaiting dovish news?The Federal Reserve Bank of Kansas City will host the 2023 Econo

As market volatility intensifies and the US dollar strengthens, US Treasury yields has reached its highest point since October, reaffirming the "higher for longer" sentiment following the release of the Federal Open Market Committee (FOMC) minutes. The year 2023 has posed challenges for US treasuries, with events like the debt ceiling and rate hikes impacting their performance. Amid these dynamics, investors are contemplating whether it's an opportune moment to consider bottoming out US treasuries. Notably, prominent investors hold divergent views on this matter.Bottom US Treasuries or not? Buffett, Musk and Ackman are dividedElon Musk, the CEO of $Tesla Motors(TSLA)$ , believes that investors stand to gain considerably at the shorter end of the U

The S&P 500 futures are showing a modest uptick of 0.2% in pre-market trading, indicating a potential recovery after back-to-back losses in the previous sessions. Investors are absorbing the latest commentary from the Federal Reserve, which suggested that future rate hikes remain a possibility. Nasdaq-100 futures are also on the rise, up 0.3%, while Dow Jones Industrial Average futures are trading near the flatline. In corporate news, retail behemoth $Wal-Mart(WMT)$ has surged 1.6% in premarket trading following an impressive second-quarter earnings and revenue beat. The company has not only raised its full-year guidance but has also highlighted robust performance in its grocery and online sales segments.