There are a few things happening in the markets to talk about.
To start, the enthusiasm for AI appears to be waning, as stocks related to artificial intelligence have started to undergo corrections in the recent days, along with the broader technology sector.
Here are some AI related stocks and their one day price change and year-to-date performance:
Despite the drop, these stocks have delivered good returns year-to-date. It is a natural course for overextende...

Temasek Holdings experienced a 5% decrease in the performance of its investment portfolio in the previous year. It is essential to clarify that this post does not aim to criticize, as I acknowledge the distinctive difficulties faced by a large investment institution like Temasek, which cannot be directly compared to individual investors. Temasek encounters challenges of managing significantly larger capital, pursuing organizational objectives, and safeguarding strategic intere...

Alibaba has undergone a sudden and significant reorganization of its management structure. Daniel Zhang, previously serving as Chairman and CEO of Alibaba Group, will now step down from both positions and assume the role of CEO of Alibaba Cloud unit. Eddie Wu, one of Alibaba's co-founders, will take over as the Group CEO, while Joe Tsai, another co-founder, will become the chairman.
Unlike Zhang, both Wu and Tsai have been with Alibaba since its incept...

It was clear to most people that the recent congressional hearing of TikTok's CEO Chew Shou Zi was a setup.
The verdict of 'sell TikTok else ban it' has already been predetermined.
The hearing seemed to serve as a platform to voice concerns about TikTok's alleged ties to the Chinese government, rather than a genuine effort to engage in a business discussion.
It is about politics, not business, and TikTok is the scapegoat.
Some may argue that the US ban on...

The US is holding its midterm election now. But we are not going to talk about politics. We are going to see the impact of midterms on the US stock market.
U.S. Bank did a study of 15 midterm elections in the past 60 years.
The statistics showed that the S&P 500 index underperformed for a year before the election.
The average 1-year return prior to November of a midterm year was -1%. However, the return averaged 11.2% if it was a non-midterm y...

S&P 500 was up 2.6% yesterday, giving some respite to investors after making a new low in 2022 last Friday.
But Tesla, being the fourth largest component in S&P 500, was down 8.6%.
The chief reason could be due to the poorer than expected vehicle deliveries.
Tesla reported 343,000 deliveries in 3Q2022 which missed analysts’ expectations of 364,660 vehicles delivered by 6%.
This is still 42% higher than the 241,300 units in 3Q last year.
Here were the deliv...