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Alibabamascot Male ID: 71253576
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    Good morning mooers! Here are things you need to know about today's market:
    ● S&P/TSX 60 Index Standard Futures are trading at 1,340.20, down 0.04%.
    ● Faulty inflation forecasts hold Bank of Canada back on rate cuts
    ● Oil market tightness, geopolitical uncertainty to prevent further price slides, Commerzbank says
    ● Dave McKay: failure to lower housing costs could ...
    Everything You Need to Know on Tuesday: Tilray Brands Down 12% In US Premarket Although Q3 2024 Net Loss Narrows and Net Revenues Rise
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    Last weekend, the international situation was extremely turbulent. For the first time in history, Iran carried out a large-scale attack on mainland Israel, using missiles and drones. Although US President Joe Biden indicated to Israeli Prime Minister Binyamin Netanyahu on the phone that the US does not support Israel's countermeasures, the Iranian military has stated that its military operation has ended. Although this conflict has attracted international attention, it appears that it will not escalate further, as Iran's move may be aimed at showing internal determination; as long as Israel does not react violently, the situation may gradually calm down.
    In the economic sector, the latest consumer price index (CPI) data exceeded market expectations, heightened concerns about continued inflation, and cooled investors' expectations that the Federal Reserve might cut interest rates soon. Tonight, the US will release important retail sales data, which will provide the Federal Reserve with more clues about the state of the domestic economy. Furthermore, on April 18, the Federal Reserve will release its Beige Book on the state of the economy, reporting in detail on inflation, employment, and economic prospects, which will have an important impact on future monetary policy decisions of Fed officials.
    Last week, due to the dual effects of inflation concerns and geopolitical instability, the three major indices of the US stock market fell. This week's market focus will shift to earnings reports from companies including Goldman Sachs, Morgan Stanley, Bank of America, Asmack, TSMC, and Netflix. These reports will once again test the profitability of major companies. In the current complex macro environment, investors need to pay close attention to these financial indicators and corporate performance in order to better overcome weaknesses and stay strong.
    $ASML Holding(ASML.US)$ $Netflix(NFLX.US)$ $Goldman Sachs(GS.US)$ $JPMorgan(JPM.US)$ $Bank of America(BAC.US)$ $Taiwan Semiconductor(TSM.US)$
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    Monitor this sector, $ASTINO(7162.MY)$ and $CSCSTEL(5094.MY)$ have turned up.
    $HIAPTEK(5072.MY)$ has all MAs together.
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    Alibabamascot liked and commented on
    Incredible. $Tesla(TSLA.US)$ announces that they will try to get their production process up to industry standard after a decade of carmaking...and they announce it with pride.
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    $Bitcoin(BTC.CC)$ Singapore has moved forward with a spot Bitcoin ETF even as plans for similar U.S.-listed funds remain sidelined by Securities and Exchange Commission opposition.
    Singapore-based fund manager Fintonia Group launched the country's first spot Bitcoin fund after receiving approval from the Monetary Authority of Singapore (MAS).
    The ETF will actually buy and hold physical Bitcoin.
    "The fund acquires 'physical' Bitcoin, meaning we will buy the actual Bitcoin [rather than] a derivative instrument on Bitcoin," Adrian Chng, founder and chairman of Fintonia Group told Fund Selector Asia.
    Chng added that he believes Bitcoin is an excellent form of capital for loans, being that it trades 24 hours a day and seven days a week. Moreover, it's highly liquid, with approximately $30B to $60B exchanged per day.
    Chng further noted that crypto-assets can be rapidly liquidated, in contrast to commodities and other tangible assets.
    Price action for Bitcoin: +5.7% Monday and +100.2% YTD.
    Singapore hopes to become one of the focal points for crypto-assets in the global economy.
    "We think the best approach is not to clamp down or ban these things," Ravi Menon, managing director of the MAS, said earlier in the month.
    By contrast, U.S. firms' have attempted to roll out spot Bitcoin ETFs but have run into SEC opposition.
    Experts don't expect a U.S. spot Bitcoin ETF until mid-2022.
    Singapore launches spot Bitcoin ETF as SEC blocks U.S. firms from doing the same
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    Alibabamascot liked and commented on
    We should think back to when Musk decided to get into insurance. It was because $Tesla(TSLA.US)$ owners were having a hard time getting insured by existing ins. cos. at reasonable rates so the problem was a drag on Tesla sales. Now, years later the level of difficulty for Tesla owners getting insurance has dropped a lot - as have the rates. So, what is today's motivation. Tesla insurance unless it is especially less expensive for Tesla owners, will probably not have that much impact on Tesla sales. Consequently, Musk/Tesla is entering into another commodity business with very high competition and low margins. The problem is Tesla insurance - a low margin business - does little to nothing to support the justifications of Tesla valuations.
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    $Amazon(AMZN.US)$ "Amazon Prime Rewards Visa Signature Card"
    This saves me THOUSANDS every year. 5% back on Amazon and an EXTRA 10% on sale items at Whole Foods. And there are a lot of sales items at any one time.
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    Alibabamascot liked and commented on
    $S&P 500 Index(.SPX.US)$ So true to watch the $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$:
    If the rate stays below 2%, the bubble will continue to expand.
    2%-4%, market neutral.
    Over 5%? POP goes the weasel.
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    $Tesla(TSLA.US)$ If you're a growth investor, than don't sleep on Tesla because they are hitting well over their 50% YOY goal for 2021 and with Giga Texas coming online, they will do another 50% next year :) Still not convinced? Go test drive one and see why Hertz ordered 100k model 3s. I wouldn't be surprised if they ordered 100k model Ys next year. Perfect buying opportunity IMO this stock is a 5-10x in 10years.
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