To The Moon

As the Federal Reserve concludes its tightening cycle, an increasing number of Wall Street investors are betting on a substantial rebound in U.S. bond prices.The dovish signals from the Federal Reserve for the upcoming year have triggered exuberance in both U.S. stock and bond markets.As widely anticipated, the Federal Reserve, in three consecutive monetary policy meetings, maintained unchanged interest rates while softening its stance on rate hikes in its guidance. It expressed a willingness to consider "any" additional tightening and acknowledged the past year's inflation slowdown. The dot plot revealed that over half of Fed officials anticipate at least three rate cuts next year, aligning with the median projection suggesting a total of three cuts. In contrast, the latest economist surv

Public Holidays No public holidays in the coming week for Hong Kong, China, Singapore and the USA. However, Christmas Day (25 Dec 2023, Monday) will be a public holiday for Singapore, Hong Kong and the USA. Economic Calendar (18 Dec 2023) Notable Highlights Home data - Building Permits, Existing Home Sales and New Home sales will bring an understanding of US real estate. With news of a potential Fed pivot in 2024, will this increase the demand for property? Philadelphia Fed Manufacturing Index. This shows the growth or contraction of the manufacturing sector. A decline is expected. PCE (Core). This is Fed’s preferred indicator for inflation. This should be the next most closely watched data which has significant implications for the Fed’s coming interest rate decisions. CB Consumer Confide

My investing muse The market and economy are in some contradiction. The market is going up & yet the economy is breaking under the weight of debt. Some people are living in different realities. Our world is shaped by different perspectives. We are all biased & speak from where we stand. Credit Card Debt Is the market’s growth financed by debt and leverage? With household credit card debt over $1 trillion and an average of 21% credit card interest rate, the average household has an average debt of over $10,000. For those under the weight of debt, the Fed pivot does not come early enough. Add the recent student loan payment resumption, there should be more reduction in disposable income for the families. With the recent record sales over the Black Friday and Cyber Monday weekend, US

As the Federal Reserve concludes its tightening cycle, an increasing number of Wall Street investors are betting on a substantial rebound in U.S. bond prices.The dovish signals from the Federal Reserve for the upcoming year have triggered exuberance in both U.S. stock and bond markets.As widely anticipated, the Federal Reserve, in three consecutive monetary policy meetings, maintained unchanged interest rates while softening its stance on rate hikes in its guidance. It expressed a willingness to consider "any" additional tightening and acknowledged the past year's inflation slowdown. The dot plot revealed that over half of Fed officials anticipate at least three rate cuts next year, aligning with the median projection suggesting a total of three cuts. In contrast, the latest economist surv