To The Moon

I thought PCE was just an appetizer, but it was the main course. Before the market opened, the U.S. core PCE for January blew past expectations with a 4.7 percent annualized rate, above expectations of 4.3 percent and up from 4.4 percent. Core PCE m/m was 0.6%, above expectations of 0.4% and 0.3%. Nasdaq futures fell 1.88% after the data.The problem is that there are three other hawkish Fed officials speaking during the session today: Cleveland Fed President Loretta Mester, St. Louis Fed President James Bullard and Fed Governor Bob Waller. Ms. Mester was a proponent of a half-point rate hike, and the market pulled back Thursday after she spoke.Even if the bad news takes a turn tonight, who knows if the three of them will say they support the next 50 basis point hike? But with yields this h

Britain's FTSE 100 edged up and hit all time high on Monday, as strength in mining stocks lifted the commodity-heavy index. The blue-chip index $FTSE 100(.UKX.UK)$ closed up 0.1%, trading above the 8,000-point mark.In the tide of central bank roaring tightening, the global stock market almost wretched last year, the MSCI global index plunged 20% last year. The three major U.S. stock indexes all hit the largest annual percentage decline since the 2008 financial crisis, the $DJIA(.DJI)$ fell 8.78% last year, the $S&P 500(.SPX)$ fell 19.44%, the $NASDAQ(.IXIC)$ is a plunge of 33.10

Rolls-Royce shares soar 23% after annual results beat expectations. Once the headline came out, people who can afford or cannot afford Rolls-Royce were shocked. In fact, Rolls-Royce's main business is aero-engines, now Rolls-Royce's car trademark already belongs to $Bayerische Motoren Werke AG(BMWYY)$. The jewel in the crown of the industry: the engine that saved BritainIn 1906, two engineers set up a company in Manchester, England, with the aim of building automobiles.Later, in response to national demand, the company became involved in the aero-engine business, producing the Eagle engine that was used extensively in World War I Allied aircraft.By the end of the 1920s, aero engines had become the company's main business, and Hurricane and S