To The Moon

Wall Street closes at record high in February 🇺🇸 S&P 500: 0.54% 📈 🇺🇸 Nasdaq: 0.92% 📈 🇪🇺 Stoxx 600: 0.02% 📈 🇯🇵 Nikkei 225 Index: -0.11%📉 🇭🇰 Hang Seng: -0.15%📉 🇨🇳 CSI 300: 1.91%📈• U.S. stocks continued to rise, with the S&P 500 and Nasdaq both up 0.5% and 0.9%, as investors digested a positive U.S. core PCE index that ended February in line with market expectations. • Hong Kong's Hang Seng Index fell -0.2%, while China's CSI 300 rose 1.9%, as investors awaited U.S. core PCE data on Thursday night and China's Caixin Manufacturing PMI data on Friday. • Initial claims for unemployment benefits fell 20,000 to 201,000 in the week ended Sept. 16, near the lowest level in more than 50 years, according to Labor Department data released Thursday. • The cost of the US core personal consumption expenditures price index increased by 0.4% month-on-month and 2.8% year-on-year, in line with market consensus. 💡 Things you need to know today: 💡 1. China bans a top-performing quantitative fund from participating in the stock index futures market and promises to strengthen supervision of high-frequency trading and expand its crackdown on computer-driven investment strategies. Some blame these investment strategies for exacerbating market turmoil. 2. Inflation fell more sharply this month in the Eurozone (which includes Germany, France and Spain), reinforcing the argument that the ECB should start lowering interest rates later this year. 3. Hajime Takata, a member of the Board of Directors of the Bank of Japan, suggested that the central bank should consider modifying its ultra-loose monetary policy, which may involve abandoning negative interest rates and bond yield controls. 4. The Securities and Exchange Commission is examining internal communications involving OpenAI CEO Sam Altman as part of an investigation into possible investor misrepresentations by the company. ✅ Key Points: Hot inflation data for January added to uncertainty and delayed interest rate cut expectations, but it pointed to strong growth in the U.S. economy that has the potential to translate into solid corporate earnings in the coming quarters. @TigerStars @CaptainTiger @MillionaireTiger