To The Moon

* Plunging Nvidia $NVIDIA Corp(NVDA)$ shares add to Wall Street's woes; Chinese markets got off to a bad start to the week. 🇺🇸 S&P 500: -0.31% 📉 🇺🇸 Nasdaq: -1.09% 📉 🇪🇺 Stoxx 600: 0.73% 📈 🇯🇵 Nikkei 225 Index: 0.54% 📈 🇭🇰 Hang Seng Index: -0.005% 📉 🇨🇳 CSI 300 Index: -0.54% 📉 * U.S. stocks ended lower on Monday, with the S&P 500 $S&P 500(.SPX)$ down -0.3% and the Nasdaq Composite $NASDAQ(.IXIC)$ down -1.1%, as profit-taking in large U.S. technology and artificial intelligence stocks gained momentum. * Asia-Pacific stocks ended lower, with the CSI 300 retreating -0.5% and the Hang Seng Composite ending flat as investors took profits amid a lack of significant policy support and sluggish economic data that stoked investor panic. 💡 Future events: 💡 * The U.S. Bank's consumer confidence index will be released on Tuesday. * Final U.S. GDP quarterly data and jobless claims were in focus for investors Thursday. * We end the week with the release of US core PCE price index monthly and revised University of Michigan consumer confidence index, Japan's unemployment rate and China's National Bureau of Statistics manufacturing PMI. 💡 Things you need to know today: 💡 1. San Francisco Fed President Mary Daly said: There are multiple scenarios that remain to be resolved. These include a slow decline in inflation, which would require keeping interest rates high for a long period of time; a faster decline that would require interest rate cuts, or "a gradual decline and rebalancing of the labor market." Mary Daly 2. The Dow Jones Industrial Average closed at a onemonth high on Monday, up more than 0.7%, as investors' portfolios shifted from artificial intelligence-related stocks to laggards. Goldman Sachs $Goldman Sachs(GS)$ , Amgen $Amgen(AMGN)$ (Amgen and United Health were among the top gainers. AMGEN 3. Online fashion retailer Shein has applied for an initial public offering in London, with a target valuation of approximately US$63.3 billion, but the specific time is unclear and is subject to the UK Financial Conduct Authority (FCA) and the China Securities Regulatory Commission. Committee (CSRC) approval. Shein 4. China has proposed that it would reduce tariffs on large-displacement vehicles for German luxury carmakers if Germany convinces the EU to abandon its plan to impose tariffs on Chinese electric vehicle exports. China currently imposes a 15% tariff on passenger cars from the EU, while the EU plans to increase tariffs on Chinese electric vehicles by up to 48%. ✅ KEY TAKEAWAYS: Nvidia's recent pullback has been a healthy rotation, with tech stocks taking a pause and moving into some value areas of the market like financials, energy, and utilities. @Daily_Discussion @Tiger_comments @CaptainTiger @TigerGPT @MillionaireTiger @TigerStars