To The Moon

In its latest press release on 12 July, $ZIM Integrated Shipping Services Ltd.(ZIM)$ downgraded their forecast for FY2023, which rightly sparked a market sell off. I'm expecting the price to continue trending back below $12. Can bullish market overturn bearish sentiment? With the recent CPI report and the Fed pause in June, we're starting to feel more confident that the worst is over and that interest rates will probably not go up much further, with some of us going so far as to speculate interest rate cuts happening by year end. Will our economy start picking up in H2 2023, and won't that be good news for ZIM? How important is US-Sino trade to ZIM? The Pacific trade route accounts for a majority of ZIM recent revenue in 2022 (stats

CNBC’s Robert Frank joins 'Squawk on the Street' to report on billionaires and CEO's unloading stock. $Oracle(ORCL)$ $Moderna, Inc.(MRNA)$ $NVIDIA Corp(NVDA)$

Elon Musk announced the launch of a new artificial intelligence startup, xAI, with the goal of “understanding the universe.” He says that the new startup will “work closely” with $Tesla Motors(TSLA)$ The rapid advancements in artificial intelligence (AI) technology have paved the way for significant transformations in various industries, including the automotive sector. As the world transitions towards a more sustainable future, electric vehicles (EVs) have emerged as a key solution to combat climate change and reduce carbon emissions. To maximize the potential of electric vehicles, software developers are increasingly integrating AI capabilities into EV software, revolutionizing the driving experience and improving overall performance. In thi

US - June 2023 Consumer Price Index (CPI) When news that US’s June 2023 CPI came in at a “mere” 3.0%, this was all it took for Wall Street and punters to jump in, regardless. The market needed an excuse, and this was it. Despite knowing that this is not the inflation marker that Mr Jerome Powell refers to each time he talked about “bringing inflation down to 2%”. Oh well! There was even speculation that the Fed will raise interest once in July 2023 and then pause. This is stretching the truth a bit too far, don’t you think. For knowledge & interest, the June 2023 CPI was the smallest YoY increase since March 2021; followed by May 2023’s 4.0% YoY increase. When Market Closed On Wednesday: DJIA: +0.25% (+86.01 to 34,

This is a follow-up post based “development” after the below posts have been shared: 07 Jun 2023 - SEC Sues Binance. Who Wins? Who Loses?. 07 Jun 2023 - SEC Sues Coinbase. Which US Stocks Will Benefit? 08 Jun 2023 - Coinbase (1) - (0) SEC. RobinHood As Witness 25 Jun 2023 - Investment Lesson Learnt From Wagner Russia Conflict To read the above post/s, click on the “blue title”. Show some love, give a “LIKe”, “Share” & “Re-post”, after reading ok. Thanks! It has barely been a month since the Secu

Fed, pause after 10 interest rate hikes The 2% U.S. inflation target in 2nd half of 2023 is realistic Valuation of equities is very attractive Falling interest rates make long-term bonds an attractive investment Central banks did last week what the market had expected. After raising interest rates ten times in a row, the Federal Reserve began a pause. The ECB raised interest rates again and is also continuing to sell bonds. The Fed's explanation revealed that interest rates may be raised twice more this year, but given the development of inflation, this is no longer necessary. US inflation is likely to reach the 2 percent target in the second half of the year. Inflation in Europe is more persistent. The ECB raised expectations regarding the development of inflation in the eurozone and pos

At the June FOMC meeting, Fed unsurprisingly paused the rate hikes. However, Fed Chairman Powell stated during the subsequent press conference, “This pause does not imply that the benchmark interest rate has reached its peak.” The dot plot released at the same time indicated that FOMC members anticipate two additional rate hikes totaling 50 bps by the end of this year.Strangely, the market seemed unfazed by such hawkish remarks, and US stocks only experienced a slight decline on that day. Looking at the Fed Fund Futures traded in the market, the expected benchmark interest rate for December not only failed to surpass previous highs but also remained significantly lower than the median of 5.625% indicated in the Fed's dot plot.Source: BloombergSo, is the benchmark interest rate indicated by