To The Moon

Last trading day of the week. Yay ! We survived another week. It is slightly less than 2 weeks to go before we bid “May” goodbye. Not much time “left” for US Congress (in agreement with Biden Administration) to approve the plan to lift the Debt Limit target and by what quantum. 18 May 2023 News update by House Speaker Based on the latest socialization (see above) by House Speaker Kevin McCarthy to the media, it seems like there have been “some form” of progress made after Tue, 16 May 2023 discussion with President Biden & VP Kamala Harris. The Harbinger of “good” news led market to stage another day of rally although not as “infectious” as Wed, 17 May. Nevertheless still a “valiant” effort with Nasdaq index the “best” performer of the day gaining +188.27 (+1.59%) to 12,688.84. This wa

After the release of the lower-than-expected CPI data for April in the United States last Wednesday, the market further believed and priced in the possibility of a pause in rate hikes in June. This means that after what was previously estimated to be the final rate hike in May this year, this rate hike cycle will come to an end. Of course, although the market is optimistic about expectations of a "rate cut" starting from September, core CPI has been hovering around 5.5% for four consecutive months and its three-month annualized value is still as high as 5.1%, which is close to 5%. This indicates that there is still significant stickiness. Core CPI from May to June may determine whether there can be a smooth transition towards September.a 21% probability of 25bps raise in JuneUnder tight mo

The 13F holdings of the first quarter of 23 have been continuously disclosed recently. As the US stock market is in a volatile situation this year, the choices made by these funds are also the focus of the market.However, different fund managers have very different focuses. Let's take a look at some "unexpected" moves.The boldest move Big short Michael Burry - building positions in small and medium-sized banks, increasing holdings in Chinese stocks.He is the prototype of big shorts. In Q1 this year, Michael deleted all his Twitter posts except for one word "Sell", and then quietly watched as the stock market hit new highs. Therefore, no matter what year it is, shorting is quite difficult. Making big money through shorting is a low probability event.This time his Scion Fund cleared out last