To The Moon

News and my thoughts from the last week (01 Jan 2024) - BYD, banking, layoffs BYD to announce EV plant in Hungary soon, report says BYD plans to build a new factory to produce EVs and batteries in Szeged, southern Hungary, according to the Financial Times. US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008. - Business Insider “Currently, all crew are safe with no reported injuries and a thorough assessment of the vessel is being conducted”. MSC will continue to reroute vessels booked for Suez transit via the Cape of Good Hope”. - Tradewindsnews BYD has obtained conditional testing license for level 3 autonomous driving on high-speed roads - Reuters when I see the word "invest", I read this as "gamble" in some context. From The Information, Google is considering a substantial workforce reduction, potentially affecting up to 30,000 employees, as part of a strategic move to integrate AI into various aspects of its business processes. - CNBC In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. More than half of companies also plan to implement a hiring freeze in 2024. - NewsWeek Despite the likely end of Fed rate hikes, corporate defaults will rise next year, Fitch Ratings says. Meanwhile, slower economic growth will push high-yield bond defaults to 5.0%-5.5%. - Business Insider The federal government ran a deficit of $314 billion in November 2023 — $65 billion more than the same month last year. A Bloomberg gauge of the greenback has been down nearly 3% since January in the steepest annual drop for the US currency since 2020. Not sure why this is a bad thing when US products would be more affordable though its buying power would drop. When we hit ATH with increased leverage, how is it sustainable? Here are some charts that I have compiled. @TigerStars $S&P 500(.SPX)$ $BYD Co., Ltd.(BYDDY)$