Asia stocks set for steady open; Yields, dollar up
Asian stocks looked set for a steady start Wednesday as traders weigh a climb in Wall Street shares, Treasury yields and the dollar amid robust U.S. economic data and more calls for tighter monetary policy.
Futures for Japan rose, while Hong Kong's dipped. Australia slipped at the open. U.S. futures fluctuated after equities extended their rally overnight, buoyed by robust retail sales and factory output and generally solid reports from Walmart and Home Depot. But concerns linger that high inflation could eventually bite, and Federal Reserve Bank of St. Louis President James Bullard called for more hawkish monetary policy.
JPMorgan says tech investment to power 2022 market
Stock investors looking to 2022 should keep technology in mind not just as a growth play, but as the engine for better profit margins across the whole market, says David Lebovitz of JPMorgan Asset Management.
Investors next year are likely to see "investment spending kick in as a key driver of economic growth," the firm's global market strategist said in an interview Tuesday on Bloomberg TV's Surveillance. "A lot of that has to do with technology."
Day traders pile into EV stocks even as Tesla sells off
Retail investors bought $378 million in shares of electric-vehicle carmakers over the past week, including high-flying $Rivian Automotive(RIVN.US)$ and $Lucid Group(LCID.US)$, and also $Ford Motor(F.US)$, according to data compiled by Vanda Research.
Rivian in particular has been a focus since its initial public offering, as the stock has doubled its $78 IPO price and the company now sports a market value of around $150 billion, which is more than Volkswagen AG.
Retail sales rose by 1.7% in October despite high inflation
American consumers withstood rising inflation to power a strong start to the holiday shopping season, with big retailers reporting higher sales and expectations for a solid finish to the year.
Sales at U.S. retail stores, online sellers, and restaurants rose by a seasonally adjusted 1.7% in October compared with the previous month, the Commerce Department said. Consumers continued their stepped-up spending despite continued Covid-19 fears and inflation concerns.
Walmart falls behind soaring Home Depot in market value
$Walmart(WMT.US)$ has fallen behind $Home Depot(HD.US)$ in market value despite having much higher revenue. Home Depot climbed 4.5%, while Walmart fell 2.1% on Tuesday.
The shift reflects investors' growing concerns about Walmart this year, even as $Costco(COST.US)$, $Target(TGT.US)$ and $The Kroger(KR.US)$ have outpaced the broader U.S. stock market. After Walmart stock posted double-digit returns last year and in 2019, the shares have stagnated amid questions about its prospects for long-term growth.
Qualcomm hits record high after it tells investors it will grow without Apple
$Qualcomm(QCOM.US)$ stock closed up 7.9% Tuesday after it issued bullish forecasts at an investor’s conference in New York. Qualcomm is best known as a supplier of wireless chips and processors for mobile phones but said on Tuesday that it had diversified its business.
Qualcomm currently supplies wireless connectivity chips for $Apple(AAPL.US)$’s devices but Qualcomm said it predicts it will only supply 20% of the modem chips needed for the 2023 iPhone.
JPMorgan sues Tesla for $162m over Musk's 'funding secured' tweet
$JPMorgan(JPM.US)$ has sued Tesla for $162m, alleging that the automaker failed to make a required payment that was triggered after chief executive Elon Musk's 2018 announcement that he was considering taking the company private.
Netflix begins reporting viewer numbers for its biggest hits
$Netflix(NFLX.US)$ will begin regularly reporting viewership numbers for its top programmes and films, a major shift in strategy for the streaming company that has carefully guarded its data over the past decade.
The company said it will report every week how many hours people spent watching its top 10 TV shows and movies, for both English and non-English titles, including Netflix originals and content licensed from third parties.
Source: Bloomberg, WSJ, CNBC, Financial Times

$SPH(T39.SG)$
while awaiting Cuscaden offer , another bidder might shows up unexpectedly . I hope SPH shareholders can reject all the offers because nxt year will be a good year for SPH. The recent financial result have prove that. $3 not a dream for SPH.

$SPH(T39.SG)$ Finally the take over war started

The fear and greed index was developed by CNNMoney to measure two of the primary emotions that influence how much investors are willing to pay for stocks.
The fear and greed index is measured on a daily, weekly, monthly, and yearly basis. In theory, the index can be used to gauge whether the stock market is fairly priced. This is based on the logic that excessive fear tends to drive down share prices, and too much greed tends to have the opposite effect.
Be fearful when others are greedy. Be greedy when others are fearful.
---Warren Buffett
Fear & Greed Index
What emotion is driving the market?
Market Momentum: Extreme Greed
The S&P 500 is 5.53% above its 125-day average. This is further above the average than has been typical during the last two years and rapid increases like this often indicate extreme greed.
Last changed Oct 27 from a Greed rating.
Junk Bond Demand: Extreme Greed
Investors in low quality junk bonds are accepting 1.91 percentage points in additional yield over safer investment grade corporate bonds. While this spread is historically high, it is sharply lower than recent prices and suggests that investors are pursuing higher risk strategies.
Last changed Oct 27 from a Greed rating.
Stock Price Strength: Fear
The number of stocks hitting 52-week highs exceeds the number hitting lows but is at the lower end of its range, indicating fear.
Last changed Oct 27 from an Extreme Fear rating.
Source: CNNmoney
$S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $Tesla(TSLA.US)$ $Apple(AAPL.US)$

Have you watched 'Ready Player One'? If you haven't, go watch it now!!! It shows a Metaverse.
Click here to watch the video: Ready plyer one(I'm so sweet, you are welcome)
What is Metaverse?
Metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space.
People use AR and VR technologies to build a new world that merges the physical and virtual worlds. Everyone has new opportunities there.
What happened recently?
On Thursday, $Meta Platforms(FB.US)$ co-founder Mark Zuckerberg announced that the social-media company was formally becoming Meta Platforms Inc., with the new name embodying the metaverse company Facebook has set its sights on becoming.
The metaverse, according to Mr. Zuckerberg, will be a successor to the mobile internet -- a place where you can socialize, work, play and buy with privacy and safety built in from day one.
Cut the crap，just watch it:
Source：Youtube--Guardian News
$Meta Platforms(FB.US)$

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@八德路
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$Futu Holdings Ltd(FUTU.US)$ What should I do if I lose money and can't sleep