To The Moon

Three things to share today.

1. Treasury yields are rising again

Growth stocks, which had a good start on Tuesday, collapsed during the session as U.S. Treasury yields rose to 1.93% and analysts expected them to hit the 2% mark, a negative for growth stocks.

2、The rise in Treasury yields weighed on the broader market rally, making the week a blur again. On Thursday, the U.S. will release CPI data, which economists expect to come in at 0.5% m/m and 7.3% y/y. Core CPI, which excludes food and energy, is expected to be 0.5% m/m and 5.9% y/y.

If Thursday's data is worse than expected, then the Fed will certainly adjust the intensity of the rate hike, so it is understandable for the market to stall before Thursday. If the market moves higher before Thursday, it should be cautious.

3、Despite the tech sector's woes, some stocks have done well in the face of inflation.

As a beneficiary of inflation, $Tyson(TSN)$ yesterday posted strong earnings. But analysts expect inflation to fall after peaking in February, so it remains to be seen whether Tyson can sustain its momentum.

My current position is still $Alphabet(GOOGL)$ ，short puts: $AAPL 20220218 160.0 PUT$、$AAPL 20220218 160.0 PUT$，$NVDA 20220211 220.0 PUT$、$TSLA 20220211 790.0 PUT$

Although Nvidia's acquisition of ARM failed, I don't think it had much impact. It was a bumpy process as you might have expected.