To The Moon

* Rate cut expectations push U.S. markets higher; Asian markets weighed down by weak sentiment 🇺🇸 S&P 500: 1.19% 📈 🇺🇸 Nasdaq: 1.96% 📈 🇪🇺 Stoxx 600: 0.82% 📈 🇯🇵 Nikkei 225 Index: -0.89% 📉 🇭🇰 Hang Seng Index: -0.05% 📉 🇨🇳 CSI 300 Index: -0.53% 📉 * U.S. stocks were generally higher on Wednesday, with the S&P 500 and Nasdaq Composite rising 1.2% and 2.0% respectively, as the market digested some economic data that may support the start of the Federal Reserve's easing policy cycle. Expected by the market. * The U.S. services sector quickly returned to growth mode in May after a brief contraction the previous month, with business activity improving to 53.8, above expectations of 50.8 and the highest in three years. * ADP nonfarm unemployment claims rose by 152,000 jobs last month - the lowest since January and April's 188,000 jobs - and compared with economists' expectations of 173,000 jobs. * Asia-Pacific stocks ended broadly lower, with the Hang Seng Composite and CSI 300 down -0.1% and -0.5% respectively, weighed down by losses in consumer and property stocks, despite an unexpected pick-up in services sector activity in May. * China's Caixin services PMI rose to 54.0 from 52.5 in April, above expectations for 52.5, expanding for the 17th consecutive month and hitting the highest pace since July 2023. 💡 Future events: 💡 * On Thursday, investors will focus on European Union monetary policy decisions and U.S. unemployment claims. * To end the week, we will see the release of US non-farm payroll changes and the unemployment rate. 💡 Things you need to know today: 💡 1. TXSE Group, backed by BlackRock $BlackRock(BLK)$ and Citadel Securities , plans to launch the Texas Stock Exchange in Dallas. TXSE 2. Alphabet $Alphabet(GOOGL)$ announced on Wednesday that it has appointed former Eli Lilly $Eli Lilly(LLY)$ executive Anat Ashkenazi as its new chief financial officer. Anat Ashkenazi 3. Japan's services sector continued strong growth in May, rising to 53.8 from 54.3 in April. Ongoing inflationary pressures have fueled expectations of another interest rate hike this year. 4. Nvidia $NVIDIA Corp(NVDA)$ soared to an all-time high on Wednesday, valuing it at more than $3 trillion. The artificial intelligence chip maker surpassed Apple to become the world's second most valuable company. 5. Prominent investor Ron Baron expressed support for Tesla $Tesla Motors(TSLA)$ CEO Elon Musk's $56 billion compensation package, which will go to a shareholder vote next week. The recognition comes from the founder of Baron Capital. Ron Baron ✅ KEY TAKEAWAYS: We're seeing the economic data start to ease a little bit, and the impact of that is some less pressure on interest rates and the potential for weaker economic data, which is a very good sign for the bond market. @Daily_Discussion @MillionaireTiger @Tiger_comments @TigerStars @TigerGPT @CaptainTiger