To The Moon

1.Major Indexes ReturnsThe major US indexes traded in a narrow range for the second week in a row. The $S&P 500(.SPX)$ and the $DJIA(.DJI)$ both added around 1% to record their fourth positive week out of the past five and the $NASDAQ(.IXIC)$ generated a fractional gain.The $Cboe Volatility Index(VIX)$ that measures investors’ expectations of short-term U.S. stock market volatility fell for the 4 week in a row.As of last Friday, the$Straits Times Index(STI.SI)$ gained 1.28% last week and

My investing muse - CPI, bank and AI The earnings of the Big 3 banks (JP Morgan, Citibank & Wells Fargo) came out to be better than expected. It gave a strong start to the earnings season. However, the Big 3 banks have benefited as consumers moved their deposits out of smaller/regional banks. Most of these have ended up with the Big 4 (including Bank of America). The banking crisis is yet over. With the latest interest rate hike, the banking sector would have incurred more unrealized losses to their long-term assets like bonds and treasuries. Though these could be held on till maturity but these would also be one of the first assets to be liquidated in event of a bank run. CPI came out to be much lesser than anticipated. The market breathed a sigh of relief with YoY falling from 6.0% l

Public Holidays Nil Economic Calendar (17 Apr 2023) This was the update from the week ending 14 Apr 2023: The biggest good news is CPI dropped YoY from 6.0% previous month to 5.0% (much lesser than the 5.2% estimate) PPI came out to be -0.5% compared to 0.1%. This is the inflation that hits producers first (before being passed downstream to the consumers seen in CPI). This implies that there is a chance for some components of CPI to be lowered in the coming update. Crude Oil Inventories ended with an excess of 0.597M compared to an expected drawdown of 0.583M. This implies that the demand looks to be weaker than expected. Initial Jobless Claims came out higher (239K compared to the expected 232K). There is more unemployment than expected. Retail Sales came out to be more disappointing tha

On April 12th, Moët Hennessy Louis Vuitton (LVMH), the luxury giant and LV's parent company, reported a 16.8% jump in revenue for the first quarter of 2023, far beating analysts' expectations of 9.5%.The day after the earnings report, LVMH shares soared 5.7% to a record high, with a market value of more than 440 billion euros. As the result of it, the wealth of the Arnault family, the beneficial owner, soared to $210 billion and solidified its position as the world's richest man, far exceeding Musk($180 billion worth of Tesla founder)!Although LVMH is listed in France, the U.S. Pink Sheets can also be traded under the symbols LVMUY and LVMHF respectively.The chart below shows the trends of LVMH's share price since 1989, which has risen 39 times in ne

This week, tech stocks will start reporting their earnings and things don't look good. According to data compiled by FactSet, S&P 500 companies are expected to have a 6.8% drop in earnings from the same time last year - the biggest drop since the second quarter of 2020 when the pandemic first hit.As of April 4, e-mini futures contracts on the S&P 500, which bet on a decline in stocks, had grown to 321,459 contracts, the highest level since October 2011.Still, equity strategists often view futures market positioning as a counter-indicator, meaning that stocks often move in the opposite direction from what futures traders expect, especially when positioning is clearly concentrated in one direction or the other. Of course, the past is no guarantee of future performance.In terms of opt

This week, tech stocks will start reporting their earnings and things don't look good. According to data compiled by FactSet, S&P 500 companies are expected to have a 6.8% drop in earnings from the same time last year - the biggest drop since the second quarter of 2020 when the pandemic first hit.As of April 4, e-mini futures contracts on the S&P 500, which bet on a decline in stocks, had grown to 321,459 contracts, the highest level since October 2011.Still, equity strategists often view futures market positioning as a counter-indicator, meaning that stocks often move in the opposite direction from what futures traders expect, especially when positioning is clearly concentrated in one direction or the other. Of course, the past is no guarantee of future performance.In terms of opt

This week, tech stocks will start reporting their earnings and things don't look good. According to data compiled by FactSet, S&P 500 companies are expected to have a 6.8% drop in earnings from the same time last year - the biggest drop since the second quarter of 2020 when the pandemic first hit.As of April 4, e-mini futures contracts on the S&P 500, which bet on a decline in stocks, had grown to 321,459 contracts, the highest level since October 2011.Still, equity strategists often view futures market positioning as a counter-indicator, meaning that stocks often move in the opposite direction from what futures traders expect, especially when positioning is clearly concentrated in one direction or the other. Of course, the past is no guarantee of future performance.In terms of opt

Hello, tigers!Today, I will bring you a new knowledge learning module: Financial Terminology 100!In investing, the masters often emphasize the importance of learning financial knowledge. As Warren Buffett once said, "The best investment asset is your own wisdom."Learning financial terminology is like building your own treasure trove of financial vocabulary, allowing you to navigate the investment stage with ease, discern market trends, and seize investment opportunities.In Financial Terminology 100, I will compile the top 100 most frequent and important financial terms in the market for you to learn. These 100 financial terms will be divided into 5 sessions, with 20 terms presented in each session.Currently, in the first session of Financial Terminology, we have:Some of you may think that