To The Moon

Last Week's RecapThe US Market -SPX logged a 24% gain in 2023Stocks bounced back in 2023 after a rough 2022. The story for the better part of the year was the excitement around artificial intelligence fueling big gains for the “Magnificent 7” stocks.The S&P 500 rode 9-week win streak to end 2023 with a surprising 24% gain. The Dow closed at 37,689.54 and it finished the year with a 13.7% gain and notched a new record during 2023. The Nasdaq jumped 43.4% for its best year since 2020 on AI enthusiasm.The small-cap Russell 2000 rose more than 12% in December and clinched its best month since November 2020. It notched 15.09% for 2023.With the Federal Reserve signaling it is likely done with rate hikes, and could even cut rates multiple times next year, the 10-year Treasury yield dove from

News and my thoughts from the last week (01 Jan 2024) - BYD, banking, layoffs BYD to announce EV plant in Hungary soon, report says BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times. US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008. - Business Insider “Currently, all crew are safe with no reported injuries and a thorough assessment of the vessel is being conducted”. MSC will continue to reroute vessels booked for Suez transit via the Cape of Good Hope”. - Tradewindsnews BYD has obtained conditional testing license for level 3 autonomous driving on high-speed roads - Reuters when I see the word "invest", I read this as "gamble" in some context