To The Moon

The FOMC's focus in June was summed up in one sentence: While the Fed paused for a moment, the US economy and core inflation were simply too strong. Keep raising interest rates. It's impossible to cut interest rates.According to the dot plot, there is room for 50bps of rate hikes after that. After Powell's hawkish and sustained tone, the market took a symbolic breather and then continued its upward march. This attitude is very interesting, obviously does not take the second part of the sentence seriously. No rate hike is no rate hike, wait until July. What if intermediate core inflation falls? Will the Fed add more?It's a fluke.In the final analysis, Powell's confused operation led to another deviation in market expectations, 50bps significantly higher than market expectations. But if infl

The gravity-defying bull market is handing stock investors a fresh conundrum as an unusually big pile of options expires Friday: Chase gains via bullish derivatives or hedge with bearish bets?It’s a decision traders face every month, but the stakes are higher this time. About $4.2 trillion of contracts tied to stocks and indexes are scheduled to mature, according to an estimate by Rocky Fishman, founder of derivatives analytical firm Asym 500. That’s 20% more than a year ago.The event known as OpEx generally sees Wall Street managers either roll over existing positions or start new ones. This month it also happens to coincide with the quarterly expiration of index futures and the rebalancing of benchmark indexes including the S&P 500. The process is ominously dubbed triple witching and

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,251.20 points, up 2.13% in the past 5 days.During the last 5 trading days, $Liontown Resources Ltd(LTR.AU)$ was up 14.96%; $Credit Corp(CCP.AU)$ added 10.53%; $Xero(XRO.AU)$ rose 9.90%; $FORTESCUE METALS GROUP LTD(FMG.AU)$ was up 9.80%; $Pro Medicus Ltd(PME.AU)$ increased 9.64%.Six of 11 sectors rose with the most impressive rises recorded by materials and energy after iron ore futures rose 1.6% to US$103.70 a tonne and oil pr