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    By Danilo
    Hey, mooers! Here are things you need to know before the opening bell:
    - Stock futures were lower in early morning trading Friday after a sharp Thursday sell-off on Wall Street spurred by the hottest inflation reading in four decades.
    - Christine Lagarde has suggested financial markets that have been pricing in faster-than-expected European interest rate hikes should, as they say, cool their jets.
    Market Snap...
    Before the Bell | Stock futures point to more losses amid surging inflation
    Before the Bell | Stock futures point to more losses amid surging inflation
    Before the Bell | Stock futures point to more losses amid surging inflation
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    70914581 reacted to
    i keep it until the stocks make a come back. ill keep it for years. right now i am down 63% on CTRM, ZOM, and FTFT and i am still holding until i get all my money back.
    Asia stocks set for mixed start after Fed decision
    Asian stocks looked set for a mixed start Thursday following a rally in U.S. equities spurred by speculation that Federal Reserve policy tightening will help fight inflation without derailing economic growth.
    Australian shares edged down, futures climbed for Japan but those for Hong Kong slid amid concerns about more U.S. sanctions on Chinese companies. $S&P 500 Index(.SPX.US)$ and $NASDAQ 100 Index(.NDX.US)$ contracts climbed. Technology shares led U.S. equities to a strong close after initial declines following the Fed statement.
    Fed doubles taper, signals three 2022 hikes in inflation pivot
    Heralding one of the most hawkish policy pivots in years, the central bank said Wednesday it will double the pace at which it's scaling back purchases of Treasuries and mortgage-backed securities to $30 billion a month, putting it on track to conclude the program in early 2022, rather than mid-year as initially planned.
    Big tech bulls are vindicated even after Fed pulls the trigger
    Investors gobbled up megacap technology stocks Wednesday. $Apple(AAPL.US)$ was the hot pick, rising as much as 2.9%. The world's largest company by market value is roughly 2% short of hitting a $3 trillion valuation. Megacap peers $Microsoft(MSFT.US)$ and Google-owner $Alphabet-A(GOOGL.US)$ also rallied off day's lows and were about 5% away from their all-time highs. The tech-heavy Nasdaq 100 was the best performing major average, rising 2.4%.
    Goldman, BNY Mellon join ESG-fund stampede with 4 new ETFs
    The furious pace of green-fund launches in the U.S. ETF industry showed no sign of easing Wednesday.
    For example, the $GOLDMAN SACHS ACTIVEBETA PARIS-ALIGNED CLIMATE U.S. LARGE CAP EQUITY ETF(GPAL.US)$ will track an index that aligns with the goals of the Paris Climate Agreement. The $BNY MELLON SUSTAINABLE US EQUITY ETF(BKUS.US)$ will invest at least 80% of its net assets in U.S. companies that demonstrate sustainable business practices.
    Elon Musk: 'I'll be surprised if we're not landing on Mars within five years'
    Musk, the 50-year-old SpaceX founder and CEO who was named Time's Person of the Year, has big plans for the Red Planet: namely, a self-sustained city with solar-powered hydroponic farms where humans can permanently live, 34 million miles away from Earth.
    Small-business owners had a devastating year — but they finally have hope now, according to a new survey
    According to a new survey from the U.S. Chamber of Commerce Small Business Index and insurance giant MetLife, 77% of small-business owners say they're optimistic about the future of their business, and 62% say their business is in good health. Nearly half say they plan to spend more money next year than they did this year.
    Investors challenge concealment clauses at large tech groups
    Seven of the largest US technology companies, including $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and $Meta Platforms(FB.US)$, are facing investor pressure to publish more information about their non-disclosure agreements and other concealment clauses in employment contracts.
    Amid growing investor support for employee rights issues, the seven shareholder proposals filed ahead of the companies' 2022 annual general meetings requested information about the risks posed by concealment clauses.
    American consumer momentum wanes just in time for the holidays
    The effects of financial stimulus are wearing off and the savings rate as a percentage of disposable household income has drifted down to 2019 levels. In other words, the tailwinds pushing the spending boom are easing and momentum is waning. The result is a new, relatively flatter year-to-date trend line.
    November retail sales increased 0.3% from October, falling short of the expected 0.8% rise.
    Source: Bloomberg, CNBC, Financial Times
    Wall Street Today | Big tech bulls are vindicated even after Fed decision
    11
    Welcome back Mooers
    In this post, we are going to use the SI feature to create our SI Portfolio, by following our 'Clone an SI portfolio in 8 simple steps'.
    Here we go!
    Step 1. Identify the number of stocks that we are willing to trade.
    We will need to know what is the number of stocks that we are comfortable trading with. This number should be in a range between 5 to 35 and should be flexible for later fine-tune if required.
    Step 2. Identify the list of favorite stocks that we can afford to trade with.
    Besides knowing the number of stocks that we are comfortable trading with, we can also list down our favorite stocks that we can afford to trade should we buy them all. The number of favorite stocks should be in a range between 25% to 75% of the total number of stocks we had identified in step 1.
    Step 3. Identify the budget that we are going to spend on our portfolio.
    Next, we will need to know how much money we are comfortable to invest in our SI portfolio. This amount should be flexible enough to be tweaked at a later time if required.
    Step 4. Look thru the SI we are familiar with listed in the SI feature.
    Now, we will scan thru the SI list to select those SI that we are familiar with, and try to match the SI top X number of stocks with our preferences set in the first 3 steps.
    Step 5. Check if SI have at least 8 consecutive years of quarterly 13F filings.
    As a precaution, we would want our SI to have at least 8 consecutive years of quarterly 13F filings. This helps to let us know that the SI is committed and shown a certain degree of portfolio resilient during stock market volatility.
    Step 6. Look out for any restatements (for both buys and sells) issued by SI.
    Restatements may contain strategic & valuable information that is associated with significant abnormal returns. This was described in a 2021 interuniversity research report done by Sean Cao, Zhi Da, Xin Daniel Jiang and Baozhong Yang.
    Step 7. Using our magic formula.
    The magic formula to find out the maximum number of each stock that we can buy for our SI portfolio is:
    [ (Stock weightage in SI portfolio / Total weightage of trimmed SI portfolio) x our budget (Step 3) ] / current Stock price.
    Each result will be round down to the nearest integer.
    Step 8. Begin our cloning via trading.
    Finally, we can place our trading to make a similar clone of the SI portfolio to form our SI Portfolio.
    Before we end this post, please vote if you wish to have an example to illustrate the above steps.
    Remember to show your support and thank you very much.
    Top 10 Actives (10 Dec 2021)
    $Ford Motor(F.US)$
    $Apple(AAPL.US)$
    $Lucid Group(LCID.US)$
    $AMC Entertainment(AMC.US)$
    $Bank Bradesco SA(prefer share ADS)(BBD.US)$
    $Nu Holdings(NU.US)$
    $NVIDIA(NVDA.US)$
    $Oracle(ORCL.US)$
    $New Oriental(EDU.US)$
    $AT&T(T.US)$
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    70914581 commented on
    The beginning of investment is not easy. Learn before trading.
    It's necessary to have enough knowledge and make careful choices. The turbulent market stirred the nerves of investors. Share some worth knowing news of last week with you.
     Stocks slump as Powell signals Fed tapering may speed up. Why does it matter?
     Does CEOs' sell-off mean it's time to sell?
    The most anticipated topic at the moment is options. However, options somehow seem more complex than plain vanilla shares trading.
    With these courses, you will be better equipped for your investment journeys.
     Weekly Wins: How to hedge your postions with options?
     How to trade options?
    Warren Edward Buffett believes that adequate funding is the basis for a good investment, but can it be possible to invest in Tesla-like stocks at a low cost?
    These key points may be helpful to you.
     What is Mutual Fund NAV?
     What are the advantages of mutual fund?
     What are the disadvantages of mutual funds?
    Hope these courses can help you. If there is anything you want to learn, please leave a comment and let us know.
    Welcome to Courses in Moo Community, we help you trade like a pro.
    $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$
    Weekly Editors' Picks (12/6)
    2
    Hey mooers,
    Nice to see you again.
    Thank you for being around and welcome to our fifth episode.
    This week, we will launch this season's final episode of "Talk to PM". 

    Are you expecting more?
    Are you wondering who is going to be our guests for the next season?
    It's up to you!
    A big hand to the last moomoo product manager- Ivy
     
    Host: Welcome, Ivy! Would you like to give us a brief introduction of yourself?
    PM Ivy: Hi, everyone. My name is Ivy. I join the product manager team since the very beginning of the Moo community. It's fantastic to finally have a chance to talk with mooers. I'm so excited.
    I am a person who loves freedom. I'd love to meet new friends and start new conversations. New faces and fresh thoughts always light up my mind.
    I hope mooers can enjoy the free atmosphere in Moo! Everyone is free to talk, to share, and to connect here.
    Host: How lovely! I heard that you've brought us a new feature today. What is it?
    PM Ivy: I would like to introduce the "Hot" feature. We can see it in "Hot Topics", "Hot Stocks", and "Hot Articles". The feature enables mooers to quickly catch the latest trends and identify what others are talking about at a glance. Mooers can join the discussions with a simple tap.
    No one shall be left behind and be alone. I want to send out a message that we will always be there for each other in Moo and together we are one.
    Hot Topic Discussion Square
    Host: How thoughtful! Why do you want to be a product manager?
    PM Ivy: It is because I was inspired by a senior PM at the early stage of my career.
    He said, "What we product managers do is to use our products to talk to the world. It's like writers who use their pens to talk to readers." 
    I want to be a PM who dedicates herself to building a mutual space where moorers are free to have in-depth conversations and interact with each other. I would also like to get some feedback on whether I turn my thoughts into reality.
    Host: It's very admirable. Can you share with us the development of Moo?
    PM Ivy: I joined the moomoo PM team when Moo was still at the primary stage of development. At that time, the community was relatively quiet and empty.
    I was like a nervous mother who want her child to be strong and grow up safely. When glitches occurred, it was as if my own child is sick, so I was upset and distressed. 
    Now, the community is active and healthy. The atmosphere is warm and relaxed. More and more mooers are joining us and interacting with each other. They are pretty active in there. I feel like looking at my child who is growing up day by day and achieving new goals. I am touched and have a sense of accomplishment.
    Host: What's an ideal community in your mind? 
    PM Ivy: I want Moo to be open and accessible. Everyone here posts their ideas freely. Newbies are brave to ask questions, and mature traders are willing to share their experiences. Everybody grows and together we are one. In the best scenario, all mooers "trade like a pro".
    Host: Let's hope your dream will come true. What do you think of moomoo's product culture?
    PM Ivy: moomoo has a prominent geek culture that everyone pursues the ultimate, puts user experience first, and values users' feedback. I do check users' feedback every day to find out what's wrong and how can we improve.
    Host: Since you mentioned checking users' feedback, how do you deal with it?
    PM Ivy: Well, as I said, I look forward to hearing from our dear mooers, but it doesn't mean that I will accept all suggestions without evaluating them myself. 
    Henry Ford has told a famous story about horses. He asked people what they want. They said they wanted a faster horse. While others try to breed a faster horse, Ford tried something else, that is, to build a car because he understood the underlying needs of people.
    As a moomoo PM, it's essential to read between lines. We need to meet the underlying needs of mooers. In the case above, what people really want is to have a faster means of transportation, not a faster horse.
    Host: Interesting! Do you have an idol?
    PM Ivy: I adore Einstein because he was smart and brave to question uncertainty. There is no absolute right or wrong in science. As long as you have a point and stick to it, there is a high possibility that you would make some scientific progress. It doesn't really matter that whether you support or oppose something. I learned quite a lot from him. I would like to continue making progress and possibly a breakthrough as a PM.
    Host: hahaha. Do you have a slogan? Let's vote for your product!
    PM Ivy: Different needs can be met with the same choice – moomoo! Come and join us!
    Thank you, Ivy! Let's hear some applause for Ivy, who loves to be free!
    Like this article, if you enjoy PM Ivy's sharing! 

    If you have any questions, please feel free to send your ideas and thoughts to Ivy at Moo Features - Talk to PM zone. We aim to provide you with the best experiences and are looking forward to your feedback.
    Recap for the previous episodes>>
    PM George: The "Investment Rush Hour" made me become a product manager.
    PM Jane: The superpower I wish to have is mind-reading!
    PM Jason: "Art comes from life, so does a great product"
    PM Arlene: "A good plan today is better than a perfect plan tomorrow."
    moomoo Product Story EP5 “Trade from zero to hero” in moomoo
    moomoo Product Story EP5 “Trade from zero to hero” in moomoo
    moomoo Product Story EP5 “Trade from zero to hero” in moomoo
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    70914581 reacted to
    Retail investors were quick to plow cash into the biggest U.S. exchange-traded funds and industries like airlines and travel stocks when the market was hammered on Friday.
    The day-trading crowd snapped up roughly $2 billion in assetslike the $SPDR S&P 500 ETF(SPY.US)$and $Invesco QQQ Trust(QQQ.US)$on Friday as the buy-the-dip crowd stepped in where Wall Street didn't, according to data from Vanda Research, a firm that tracks retail-trading flows in the U.S.
    FOLLOW ME to know more about ETFs
    Individual investors showed conviction not only buying ETFs that track the major U.S. averages, but bought airline stocks like $Delta Air Lines(DAL.US)$, $United Airlines(UAL.US)$, as well as cruise operator $Carnival(CCL.US)$, Vanda data show. The trio were among the 10 most-bought stocks on Friday with each seeing at least $39 million in buying, according to the data.
    The buy-the-dip trade was playing out well for retail investors on Monday as stocks climbed as a relative sense of calm returned to global markets. The $S&P 500 Index(.SPX.US)$ rose 1.3% and the $Nasdaq Composite Index(.IXIC.US)$ rallied 1.8%.
    If you buy the dip last Friday, you may already gain from the smart move!
    The Nasdaq retail trading activity tracker shows $ProShares UltraPro QQQ ETF(TQQQ.US)$, $SPDR S&P 500 ETF(SPY.US)$, and $Invesco QQQ Trust(QQQ.US)$ were the most active ETFs on Friday. $Tesla(TSLA.US)$, $NVIDIA(NVDA.US)$, and $Microsoft(MSFT.US)$ were the top active stocks on the list.
    So, what did you buy last Friday? Any ETFs or stocks? Leave your comments!
    Is there any stock you would like to buy if we go back to last Friday???
    Source: Bloomberg, Vanda, Seeking Alpha, Nasdaq
    Retail traders snapped up $2bln of ETFs last Friday. Tell me what you bought!
    Retail traders snapped up $2bln of ETFs last Friday. Tell me what you bought!
    Retail traders snapped up $2bln of ETFs last Friday. Tell me what you bought!
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    70914581 commented on
    $Lucid Group(LCID.US)$ Even though I’m super bullish on this one, I sold at 3/4 of my holdings for 40 bucks, and will rebuy under 28. When i sold $NIO Inc(NIO.US)$ for 57 and it got to 60’s people where laughing at me, with my idea that I will rebuy at 38, they were saying that we will never se 40s again, and after couple months we have seen 32! So guys after +50 % gain in 2 days last week, there have to be a pullback! My PT is still 60 for 2022 and over 100 bucks in 2025. But i think we before 60 we will see 28.
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