To The Moon

The financial reporting season opened the gap between the market greed expectations and the actual operation of enterprises. TSMC's share price in ADR fell 3.1 per cent just after delivering a perfectly quarterly report. The same tragedy happened to ASML

Asml Chief Executive admitted that investment in AI infrastructure is strongly driving the semiconductor industry growth, with customer capacity already sold out until the end of the year, and expects that supply bottlenecks will inevitably continue beyond 2026. To cope with this frenzy, the company is working hard to boost production by promising at least 60 low-value aperture systems this year and plans to boost production capacity further to at least 80 by 2027.

The market pricing of AI infrastructure implies an extremely optimistic assumption: data centers can be built at a pace that matches the speed of capital investment. The reality is that capital can be put into place overnight, but transformers cannot. When the four tech giants lavish 650 billion dollars in annual capital expenditures, investors must ask the uncomfortable but inevitable question: Will the money be spent? If nearly half of the data centers are delayed, that means that conversion efficiency of capital expenditures is greatly reduced, AI expansion will be significantly slower than market expectations, and those valuation multiples based on the "exponential growth" narrative will eventually face the gravity of the physical world.

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Nearly three-quarters of the month-on-month increase in CPI in March came from record increases in gasoline prices. Energy prices surged 10.9% annually, which is the core culprit behind the overall inflation drive. But looking back at core consumer prices, which exclude food and energy, rose by just 0.2 per cent month and 2.6% year-on-year, both figures are below market expectations. The core CPI is expected to be 0.3% on a monthly basis, but in reality it is only 0.2%, yearly expected to be 2.7%, and in reality it is only 2.6%. That is to say, this price increase is essentially energy inflation triggered by external supply side shocks, rather than structural wage spiral inflation. This is crucial. Goldman's global inflation forecast has made it clear that the nominal inflation represented

"Whisper of Ghost" (also reported as "Ghost Murmur" or "Ghost Whisper") is the codename for a highly classified U.S. military/intelligence technology used in a real-world rescue operation in April 2026.What it isIt’s a cutting-edge detection system developed by Lockheed Martin’s Skunk Works division. The device uses long-range quantum magnetometry (sensors based on microscopic defects in synthetic diamonds) combined with AI software to pick up the faint electromagnetic signals generated by a human heartbeat — signals as weak as tens of microvolts (μV).It can detect and isolate a single living person’s heartbeat from background noise (even in rugged terrain, from aircraft or long distances — reports mention capabilities up to dozens of miles in the right conditions). The name is poetic: "Gh

Nvidia's expected P/E ratio (P/E) converged to 18.7 times at the end of March. Looking back at the past decade, this number only appeared twice in March 2016 and January 2019! Why is the price near its historical high, but the P/E ratio hit a ten-year low? Because of its future profit expectations (E) growth rate, it has far outpaced the pace of price (P) gains. The market is always worried that Nvidia will repeat the crash of the periodic chip stock, but Nvidia's performance is highly certain when giants like Meta still can pour $21 billion into buying power. This contraction in the P/E ratio, driven by strong fundamental growth, is the dream “gold cross-buying point” for value investors and trend traders.

Samsung just pre-announced about KRW 133 trillion of Q1 revenue and KRW 57.2 trillion of operating profit, far above market expectations for roughly KRW 40.5 trillion to KRW 40.6 trillion of operating profit.  – For U.S. stocks, the cleanest read-through is Micron, because Samsung's beat points to strong AI memory demand and tight pricing in DRAM and HBM.  – The rally can also spill into Sandisk, Western Digital, and Seagate, though those names sit in different parts of the storage stack and should not be treated as the exact same trade. 

the latest study from Fed : after the pandemic, even commodities with falling prices cannot lower overall core inflation as it did in the past. This means that the underlying logic of inflation has changed, and the price rigidity caused by supply chain shocks will force the Fed to maintain its "High for Longer" interest rate policy. Citigroup has postponed its interest rate cut until September.

According to the latest data from the Organisation for Economic Co-operation and Development, the proliferation index of leading indicators has shown clear signs of bottoming out at the beginning of the year. This means that if we can temporarily remove the exogenous variable of war, the global economy would have been on track to re-accelerate. This explains why the big Wall Street firms are sticking to their optimistic expectations of the S&P 500 in the face of the threat of a third world war.