To The Moon

Federal Reserve Chair Jerome Powell is walking an old tightrope into 2025: He is trying to avoid appearing confrontational with Donald Trump, even though some of his colleagues are signaling unease that the president-elect's policies might rekindle inflationary pressures.The difficult balancing act was on full display over the last two months. In early November, days after Trump's election to a second term as president, Powell declared that the central bank wouldn't set interest rates based on assumptions or speculation about the incoming administration's policies, including possibly transformative changes to trade and immigration policy."We don't guess, we don't speculate, and we don't assume," Powell said at a Nov. 7 news conference.But the central bank also often says that its interest-rate policies need to be "forward looking" -- taking into account projections of future price pressures and employment conditions -- because it takes time for changes in borrowing costs to filter thro

ARK Innovation ETF's stake in Tesla has climbed above $1 billion even after it has sold more than 200,000 shares in December. Cathie Wood continues to sell Tesla Inc.'s stock as it rallies, but a look at the holdings of her flagship ETF actually shows that the high-profile investor is getting more and more bullish on the electric-vehicle giant.Wood's ARK Innovation ETF said it sold 13,040 Tesla shares on Monday, which at the day's closing price would be valued at about $5.6 million.Meanwhile, the ETF also said that as of early-Tuesday, it owned 2,530,383 Tesla shares valued at $1.09 billion. That made Tesla's stock its largest holding by far with a 16.13% weighting.That compares with the ETF's holding of 2,744,414 shares at the end of November, which prior to the December rally, were valued at "just" $947.3 million.But just before the election, the 2,963,070 shares the ETF owned were valued at that time at "only" $745 million.Investment funds will often trim stakes of their holdings a

'I would love to see a meaningful pullback in equities,' says Talley Leger at The Wealth Consulting Group. Wall Street has been feeling increasingly doubtful about year end festive cheer, with the rally in stocks taking a breather this week as markets brace for the final Federal Reserve's final meeting of 2024.Investors hoping for the tech-led bull market to sweep up more stocks in December have been largely disappointed, raising concerns about potential fragility in markets and leaving S&P 500 index value stocks SPYV with a record losing streak.The blue-chip Dow DJIA logged its seventh session in a row of declines Friday, its longest stretch of losses since February 2020. Talk also resurfaced about an "overdue" correction, especially with the Fed expected to greenlight another small interest rate cut this coming week, before then pivoting to a slower pace of monetary easing next year.What's more, for every dollar invested in November in the stock market's SPDR S&P 500 ETF Trust - SPY

Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectat

Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectat

Nasdaq Hits 20,000 Points for the First Time, Last up 1.6%

I bought some $Alphabet(GOOG)$ at $183.3 on Tuesday. The company closed up 5%, mainly because the company announced that the quantum chip Willow has achieved significant technological breakthroughs and attracted global attention.Technological breakthrough: In a standard test, Willow completed a computing task that would take a supercomputer approximately 10^25 years in just 5 minutes. This achievement is regarded as a milestone in the field of quantum computing in the past 30 years, marking an important step for quantum chips to improve computing efficiency and reduce error rates.The significance of quantum computing: The characteristics of quantum bits (qubits) allow it to process multiple states at the same time, making it suitable for solving c