To The Moon

🌟🌟🌟The hottest stocks currently are $Tesla Motors(TSLA)$ and $NVIDIA Corp(NVDA)$ and $Global X Autonomous & Electric Vehicles ETF(DRIV)$ has both in the Top 2 holdings! DRIV ETF is my tactical play on the EVs as it is a secular trend that is going to take us to a cleaner and greener earth. In the future, EVs will be the norm while our current combustion engine driven cars maybe obsolete. According to International Energy Agency (IEA)'s New Report on Global Electric Vehicle Outlook, more than 10 million EVs were sold worldwide in 202

As forecasted in my ytd post - In Investment, When In Doubt - Pause!, Mr Powell session with the House Financial Services was indeed anchored on the “interest rate” topic. Fed Chair Jerome Powell affirmed that interest rates will continue to increase in his testimony. With the cat out of the bag, US market reacted to Mr Powell’s remarks. They did not like what they hear. All 3 composite index fell: DJIA : -0.30% (-102.35 to 33,951.52). S&P 500 : -0.52% (-23.02 to 4,365.69). Nasdaq : -1.21% (-165.09 to 13,502.20). Worst performing index. Fed's dot plot Looking at the Fed’s latest dot plot, many believed an interest hike in as early as July seems plausible. With a +0

The prices of cryptocurrencies usually mirror the price movements of high-growth tech stocks since both are highly responsive to changes in interest rates. Consequently, the substantial rate increases in 2022 significantly impacted both asset categories, causing them to falter as liquidity decreased. Many investors sold off these risky assets and sought refuge in safer Treasury bills, which not only provided higher interest rates but also guaranteed capital protection. However, in the current year, individual cryptocurrencies and high-growth stocks have begun exhibiting more distinct and independent price movements. It appears that interest rates are no longer the primary driving force behind these movements, possibly due to the proximity to peak interest rates and the resulting stability.

U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, while Tesla gained as Texas requires charging stations to include its plug.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 3 points, or 0.07%, and Nasdaq 100 e-minis were down 24 points, or 0.16%.Pre-Market Movers$NIO(NIO)$, $XPeng(XPEV)$, $Li Auto(LI)$ — Chinese EV ADRs jumped in premarket trading. NIO, XPeng, and Li Auto rose between 2% and 3%. China extended tax breaks for consumers buying clean cars through 2027, estimated to b

A: Short term, these two weeksAs we all know, US stocks often pull back during Chinese holidays, which is an old tradition. However, given the current put and sell call layouts, the callbacks are fairly short. Because from the temporary large single layout, bears do not intend to be bearish for a long time, and almost earn a time value and leave.Apple:The large order I shared last week can be seen that the institutions are around the July 7 expiration date layout. After all, the non-farm data released on July 7 and the CPI released on July 12, from Powell's attitude, he particularly hopes that the market will cash in the expectation of adding 50 basis points on this day or 12th. So the bulls are understandably subdued.So the question is, what's going on with the

Alibaba has undergone a sudden and significant reorganization of its management structure. Daniel Zhang, previously serving as Chairman and CEO of Alibaba Group, will now step down from both positions and assume the role of CEO of Alibaba Cloud unit. Eddie Wu, one of Alibaba's co-founders, will take over as the Group CEO, while Joe Tsai, another co-founder, will become the chairman. Unlike Zhang, both Wu and Tsai have been with Alibaba since its inception. Wu initially served as a technology director in 1999 and possesses extensive experience in the company's core e-commerce business, monetization, and technology, making him a logical choic to oversee the entire group. Tsai previously held the position of the company's chief financial officer until 2013 and currently serves as executive vi