To The Moon

The downside aspects should have been priced as big bank stocks all halved from their cyclical peak to the trough in October 2022. Hence, the instant price action to earnings reports may not reflect the industrial trend. Another round of bank earnings is set to begin on 14 July. Although these biggest banks passed the Federal Reserve’s annual stress test, Citigroup, Goldman Sachs and Morgan Stanley are expected to face a decline in Q2 earnings. Recently, US banking stocks rebounded sharply after the 23 big banks passed the stress test, with the KBW Index up 5%, posting the first monthly gain since the regional bank’s turmoil in March. The results from the stress test cleared a hurdle for big banks to distribute payout to shareholders through raising dividends and buybacks, contributing to

Gold showed signs of a bottom out in the past week, and the integer mark near 1900 provided some buying support.On the news side, it has maintained a stable trend in the near future, and there is no new significant positive or negative news. Referring to indicators such as gold-silver ratio, the medium-term correction may not be completely over at present. After the next round of adjustment, gold will have a chance to enter a new rally.The range of gold-silver ratio is the key to pressure referenceThe price comparison between gold and silver has always been an important reference for considering the overall direction of precious metals: in the relatively weak stage of silver, the probability of gold taking the lead alone is low, and the recovery of silver is one of the overall upward signa

We think the worst is over for investors.Megan Werner from JPMorgan said in mid-year outlook.Despite the likelihood of an economic downturn and a U.S. recession by the end of the year, the worst may be over for investors.We think that both stocks and bonds can continue to generate healthy returns for investors through the end of the year and into 2024.Looking Back1.Stock market: $S&P 500(.SPX)$ has recovered from its lows in October 2022 and is trading 15% higher.2.Economy: Profits and margins have decreased slightly, but sales are resilient, transportation and energy costs are lower, and the scramble for workers has eased.3.Sectors: Technology and communication services sectors have performed well in the S&P 500 this year, recovering from