To The Moon

Major indexes rose on Wednesday as investors assessed a fresh batch of earnings reports, comments from several Federal Reserve officials and strong demand for the Treasury's largest-ever auction of 10-year notes. On the political and economic front, Federal Reserve Chairman Jerome Powell reiterated that the central bank is unlikely to cut interest rates at the March meeting, and several Fed officials also took turns trying to downplay expectations of a near-term rate cut.Meanwhile, markets were also focused on the risk of a banking crisis in the United States, with Moody's cutting its rating on Community Bank of New York to junk after the bank was hit with its first shareholder lawsuit since its share price plummeted. U.S. Treasury Secretary Janet Yellen said that while losses from commerc

Alibaba has faced substantial challenges in recent years, with the impact of Covid-19 wreaking havoc on its stock. The price plummeted over 70% from its late-2020 peak to the beginning of 2023, and despite expectations for a recovery in the past year, Alibaba's stock continued to decline, shedding over a quarter of its value in the last 12 months.As we enter 2024, Chinese stocks, including Alibaba, remain volatile amid concerns about the economy. Investors are anxiously awaiting effective government stimulus to counter the ongoing uncertainties. The upcoming quarterly earnings report from Alibaba could provide valuable insights, particularly from its core e-commerce business, offering signals about broader consumption trends.BABA Weekly ChartTurning our attention to the weekly chart, Aliba