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The strong performance of US technology stocks last night once again boosted the rise in the US stock market, although the stock market briefly declined due to the Treasury's increase in borrowing expectations for the second quarter. Tesla's stock price surged 15%, the biggest one-day increase in three years, while Apple also rose 2.5%. In contrast, Google and Nvidia experienced a period of fluctuation. Google fell by more than 3%, and Nvidia rebounded slightly after falling nearly 3% in the intraday period.
In the European market, the British stock market hit record highs for three consecutive days. Dutch Philips shares soared 29%, while Deutsche Bank fell nearly 9%. Furthermore, news of Tesla CEO Elon Musk's visit to China attracted market attention, particularly the expectation that fully automated driving technology (FSD) will soon be implemented in China.
The US Treasury unexpectedly raised borrowing expectations for the second quarter. This move did not take into account the possibility that the Federal Reserve might slow down its contraction. Meanwhile, the market continues to pay attention to the Fed's future interest rate policy. Despite expectations of interest rate cuts, the market generally believes that it will not return to the period of ultra-low interest rates.
In the currency market, the yen fell sharply in the Asian market. At one point, it fell below 160 yen to 1 US dollar, a new low since 1990, but then surged 3.5% in the intraday period and once recovered to 155 yen. The US dollar index, on the other hand, turned down in the intraday period and was close to a two-week low. The cryptocurrency market is also quite volatile. Bitcoin's price once fell sharply, falling below the $62,000 mark.
The price of crude oil fell after rising for two consecutive days, and the price of US oil hit a new low in a month...
In the European market, the British stock market hit record highs for three consecutive days. Dutch Philips shares soared 29%, while Deutsche Bank fell nearly 9%. Furthermore, news of Tesla CEO Elon Musk's visit to China attracted market attention, particularly the expectation that fully automated driving technology (FSD) will soon be implemented in China.
The US Treasury unexpectedly raised borrowing expectations for the second quarter. This move did not take into account the possibility that the Federal Reserve might slow down its contraction. Meanwhile, the market continues to pay attention to the Fed's future interest rate policy. Despite expectations of interest rate cuts, the market generally believes that it will not return to the period of ultra-low interest rates.
In the currency market, the yen fell sharply in the Asian market. At one point, it fell below 160 yen to 1 US dollar, a new low since 1990, but then surged 3.5% in the intraday period and once recovered to 155 yen. The US dollar index, on the other hand, turned down in the intraday period and was close to a two-week low. The cryptocurrency market is also quite volatile. Bitcoin's price once fell sharply, falling below the $62,000 mark.
The price of crude oil fell after rising for two consecutive days, and the price of US oil hit a new low in a month...
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$CITIC BANK(00998.HK$
Mini handle or pullback, this type of pattern provide me safe entry point.
Mini handle or pullback, this type of pattern provide me safe entry point.
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From YouTube
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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 1339.30 ,up 0.10%.
●Immigrants' participation in the labour force surpasses those born in Canada
●Canada GDP grows stronger-than-expected 0.6% in January
●Canadian crude hits 4-year high in LA as Trans Mountain start nears
●Stocks to watch: Canopy Growth
Market Snapshot
Today, the ...
●S&P/TSX 60 Index Standard Futures are trading at 1339.30 ,up 0.10%.
●Immigrants' participation in the labour force surpasses those born in Canada
●Canada GDP grows stronger-than-expected 0.6% in January
●Canadian crude hits 4-year high in LA as Trans Mountain start nears
●Stocks to watch: Canopy Growth
Market Snapshot
Today, the ...
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Widely followed hedge fund manager Dan Niles predicted Wednesday that the $S&P 500 Index(.SPX.US$ will decline in 2022, as the Federal Reserve is forced to raise interest rates and stock valuations come further off of all-time highs.
"My favorite investment idea right now is cash," the founder and portfolio manager at Satori Fund told CNBC.
In terms of individual stock picks, Niles pointed to Google's parent company $Alphabet-C(GOOG.US$ $Alphabet-A(GOOGL.US$ and Facebook's parent $Meta Platforms(FB.US$, which he says provide growth at a reasonable price.
"Those are great names. The names you want to be scared about are the ones that have no earnings and are valued off of revenues," he said. "Those are the stocks that are going to have huge troubles as rates continue to ratchet up."
Niles argued that signs of weakness have been popping up in the equity markets for the past several weeks, with indexes like the Russel 2000 falling dramatically over that span.
"Underneath the surface, there's a lot of damage being done and people are just continuing to crowd into some of the biggest names," he said.
Detailing his prediction for 2022, Niles projected that the Fed will be forced to raise rates to counteract inflationary pressures. This, in turn, will push stocks off of lofty valuation levels, which reached a peak above figures seen during the dot-com bubble of the late 1990s and early 2000s.
Meanwhile, for the end of the year, Niles contended that most fund managers are "either window dressing or tax-loss selling," which means that value stocks will have trouble finding support during December.
Niles has long supported FB and GOOGL. See what tech giant he previously labeled "the most overpriced tech stock."
"My favorite investment idea right now is cash," the founder and portfolio manager at Satori Fund told CNBC.
In terms of individual stock picks, Niles pointed to Google's parent company $Alphabet-C(GOOG.US$ $Alphabet-A(GOOGL.US$ and Facebook's parent $Meta Platforms(FB.US$, which he says provide growth at a reasonable price.
"Those are great names. The names you want to be scared about are the ones that have no earnings and are valued off of revenues," he said. "Those are the stocks that are going to have huge troubles as rates continue to ratchet up."
Niles argued that signs of weakness have been popping up in the equity markets for the past several weeks, with indexes like the Russel 2000 falling dramatically over that span.
"Underneath the surface, there's a lot of damage being done and people are just continuing to crowd into some of the biggest names," he said.
Detailing his prediction for 2022, Niles projected that the Fed will be forced to raise rates to counteract inflationary pressures. This, in turn, will push stocks off of lofty valuation levels, which reached a peak above figures seen during the dot-com bubble of the late 1990s and early 2000s.
Meanwhile, for the end of the year, Niles contended that most fund managers are "either window dressing or tax-loss selling," which means that value stocks will have trouble finding support during December.
Niles has long supported FB and GOOGL. See what tech giant he previously labeled "the most overpriced tech stock."
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SPAC $Altimeter Growth Corp(AGC.US$rose 3% in after hours trading after holders approved the deal to take Southeast Asian ride-sharing company Grab public.
Shareholder redemptions were almost 0%, at 0.02%, according to a statement. The transaction is expected to close tomorrow and Grab is expected to begin trading on the Nasdaq under the ticker symbol "GRAB" Thusday.
Grab is Southeast Asia's most valuable startup and is set to undergo a merger with Altimeter at a valuation of $40B.
The deal is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. A public debut from Grab will offer investors access to a regional consumer market of more than 655M people across countries including Indonesia, Thailand and Vietnam.
Earlier this month, Brad Gerstner's SPAC Altimeter Growth announced that that the SEC declared effective the Form F-4 registration statement of Grab Holdings and set the shareholder vote for today.
Shareholder redemptions were almost 0%, at 0.02%, according to a statement. The transaction is expected to close tomorrow and Grab is expected to begin trading on the Nasdaq under the ticker symbol "GRAB" Thusday.
Grab is Southeast Asia's most valuable startup and is set to undergo a merger with Altimeter at a valuation of $40B.
The deal is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. A public debut from Grab will offer investors access to a regional consumer market of more than 655M people across countries including Indonesia, Thailand and Vietnam.
Earlier this month, Brad Gerstner's SPAC Altimeter Growth announced that that the SEC declared effective the Form F-4 registration statement of Grab Holdings and set the shareholder vote for today.
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