To The Moon

Summary of Last Session

The Dow Jones Industrial Average enjoyed its best week of the year, signaling optimism among investors despite looming concerns over inflation. The index is on the brink of reaching the 40,000 milestone, fueled by an eight-consecutive session gain.

DJIA

DJIA: +0.32% to 39,512.84 ; $S&P 500(.SPX)$ : +0.16% to 5,222.68; $NASDAQ(.IXIC)$ : -0.03% to 16,340.87

$Apple(AAPL)$ $NVIDIA Corp(NVDA)$

Key Events of the Week

• - Consumer sentiment in the US declined to a six-month low, raising concerns over short-term inflation expectations.

• - Stock indexes rebounded to record levels on hopes of upcoming monetary easing, with expectations of rate cuts by the Federal Reserve and the ECB.

Market Scenario

Investors remain attentive to upcoming economic data releases, including the Consumer Price Index and Producer Price Index, which will provide insights into inflation trends and potential policy responses. Expectations for rate cuts by central banks contribute to market optimism.

Europa First. Unusually, it was the Bank of England that led the way this week, paving the path for a more relaxed monetary policy. The May meeting ended with a status quo on rates, but the tone was less austere than before. The rest of Europe quickly took this as a positive signal for an initial rate cut by the ECB in June.

ECB

If the investors are right, both the BOE and the ECB will embark on easing policies before the Fed, which is still somewhat entangled in persistent inflation.

A few weeks ago, investors believed that the US central bank would be the first to act…

Conclusion

While the Dow Jones Industrial Average nears a significant milestone, concerns over inflation persist, shaping market sentiment.

Attention turns to key economic indicators and corporate earnings reports next week for further market direction…

Calendar

US Inflation for April, before the anticipated solo by Jerome Powell.

Chinese tech tenors $TENCENT(00700)$ , $Alibaba(BABA)$ , and JD.com will share the stage with the American retail duo Home Depot, Walmart, and Allianz, Sony, Siemens AG, Richemont for international

Alibaba

Market conditions are subject to rapid change, and investors should carefully consider all available information before making investment decisions.

Thanks for reading, and support. You’re welcome.

@TigerStars @CaptainTiger @TigerPM @Tiger_SG