To The Moon

After a mid-August bounce, stocks largely went sideways in the third quarter, as upward momentum from the artificial intelligence trade waned and rising interest rates weighed on investor sentiment. Last Week's Recap 1.Market Digest: NASDAQ Outperforms, Jobs Miss, Yield Curve Steepens, Fed Hike Odds Plunge Another mixed week — Tech strength lifted $NASDAQ 100(NDX)$ to a fractional gain, outperforming other major indexes for a sixth straight week. $S&P 500(.SPX)$ ended fractionally lower; $Dow Jones(.DJI)$ finished down more than 1%. Yield curve steepens — Some yields briefly touched highest since 2002 before retreating. 2-year Treasury ended flat at 4.84%; lon

After a mid-August bounce, stocks largely went sideways in the third quarter, as upward momentum from the artificial intelligence trade waned and rising interest rates weighed on investor sentiment. Last Week's Recap 1. Market Digest: NASDAQ Outperforms, Jobs Miss, Yield Curve Steepens, Fed Hike Odds Plunge Another mixed week — Tech strength lifted NASDAQ to a fractional gain, outperforming other major indexes for a sixth straight week. S&P 500 ended fractionally lower; Dow finished down more than 1%. Yield curve steepens — Some yields briefly touched highest since 2002 before retreating. 2-year Treasury ended flat at 4.84%; longer-duration yields rose, with 10-year at 5.28% and 30-year at 5.63%. Jobs setback — September added just 29,000 jobs (below 80,000-90,000 consensus); prior two

Last Week's Recap 1.Weekly Market Digest: NASDAQ Hits Record, Yields at 20-Year Highs, Fed Hikes, Oil Eases Mixed results — Borrowing costs escalated as yields reached two-decade highs. 10-year Treasury finished at 5.16% (from 5.01%), 30-year at 5.49%, 2-year at 4.85%. NASDAQ's breakout week — $NASDAQ(.IXIC)$ climbed to a record high Tuesday (eclipsing early June peak), finishing +2.1% for the week. $S&P 500(.SPX)$ +1.2%, $Dow Jones(.DJI)$ +0.3%. Oil prices ease — U.S. crude $WTI Crude Oil - main 2611(CLmain)$ fell to ~$92 Friday on easing Middle East tensions, down from $106 on September 15 and well below the Y

Last Week's Recap 1. Weekly Market Wrap: Sticky Inflation, Surging Yields and $100 Oil Pressure US Equities Modest retreat: Major US indices fell for four straight days through Thursday but rebounded on Friday to soften weekly losses. The $S&P 500(.SPX)$ & $NASDAQ(.IXIC)$ finished slightly lower for the week while the $Dow Jones(.DJI)$ dropped 1.57%. Bond sell-off: The 10-year US Treasury yield closed at 4.97% on Friday, the highest since Oct 2023. 2-year and 30-year yields also hit multi-year highs. Oil resurgence: Oil prices pulled back Friday but were still up more than 8% for the week. US crude traded a

China’s electric-vehicle market is entering a tougher stage. Domestic passenger-car sales fell 23.7% year on year in August, while domestic EV and plug-in hybrid sales declined 10.1%. Exports remain a bright spot, with passenger-vehicle exports rising 77.5% and EV and plug-in hybrid exports climbing 154.7%, but intensifying competition at home is putting greater pressure on automakers to find new sources of growth. For the stock market, this makes the industry’s expanding push into humanoid robotics increasingly relevant. Companies including $XPeng Inc.(XPEV)$, BYD, Chery and GAC are trying to extend capabilities developed for intelligent vehicles—such as AI, batteries, sensors, autonomous systems and advanced manufacturing—into ro

Last Week's Recap 1. Weekly Market Digest: Stocks Flat, Jobs Roar Back, Yields Hit YTD Highs, Oil Surges Late summer doldrums — Major U.S. indexes traded in a narrow range for a fourth straight week: $NASDAQ(.IXIC)$ +0.4%, $Dow Jones(.DJI)$ -0.2%, $S&P 500(.SPX)$ essentially flat. No big moves since the July 30 rally. Jobs comeback — August nonfarm payrolls surged 162,000 (roughly triple consensus), a sharp turnaround from July's upwardly revised 21,000. Largest gain in five months; unemployment rate held steady at 4.1%. Rate outlook — CME FedWatch: ~58% probability of a 25bp hike at the September 16 FOMC meeti

👋 Hi, Tigers! $SanDisk Corp.(SNDK)$ is up more than 3,000% over the past year. $Micron Technology(MU)$ has gained well over 200% YTD. Numbers like that are wild enough to make anyone wonder whether the market has gone too far. But the more interesting story isn't the stock charts — it's what these companies are doing with the cash they're generating. Record memory pricing has turned $Micron Technology(MU)$, $SanDisk Corp.(SNDK)$ and $SK hynix(SKHY)$ into cash machines. And their very different capital-al

Last Week's Recap 1. Market Digest: Stocks Edge Up, Warsh's Hawkish Jackson Hole, Yields Spike, Inflation Sticky Baby steps — $S&P 500(.SPX)$, $NASDAQ(.IXIC)$, and $Dow Jones(.DJI)$ posted fractional weekly gains, regaining ground from the prior week's modest declines. Stocks traded in a narrow range for a third consecutive week. Hawkish Fed — Fed Chair Kevin Warsh emphasized inflation risks at Jackson Hole, stating the Fed "must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do." Yield reaction — 2-year Treasury yield jumped to 4.3

👋 Hi, Tigers! Wednesday was a quiet session on the surface — $Dow Jones(.DJI)$ -0.21% to 53,463.88, $S&P 500(.SPX)$ -0.02% to 7,675.70, $NASDAQ(.IXIC)$ -0.08% to 26,130.20 — but that calm was just the market holding its breath. The real action happened after the bell, and in two boardrooms that had nothing to do with AI chips. 💲 The Setup: A Market on Pause July core PCE inflation landed exactly in line with expectations, leaving September rate-cut odds unchanged. With nothing new on the inflation front and Nvidia's print looming after the close, traders mostly stayed on the sidelines — Big Tech split roughly d

Last Week's Recap 1. Market Digest: Stocks Retreat, Yields at 20-Year Highs, Debt Crosses $40T, Bitcoin Surges Modest retreat — $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ fell ~1-2%, snapping a three-week win streak. S&P 500 ended 1.6% below its prior week record; NASDAQ 3.4% shy of its early June peak. High yields — 30-year Treasury yield ended at 5.27% (near highest in ~20 years); 10-year at 4.73%, 2-year at 4.23%. U.S. gross debt crossed above $40 trillion for the first time. Treasury bond buyback — Treasury Secretary Scott Bessent doubled the bond buyback program to $4B per session (from $2B), targeting 10-, 20-, and 30-year segments where yields hit highest since 2007. Overseas yields — Japan's 10-