The benchmark index which currently hovers around a 52-week high is anticipated to trend higher. Do you think $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$  will break through 1,600 by this week?

$Shopify Inc(SHOP.CA)$ is scheduled to report its first-quarter earnings for 2024 on May 8, with an expected pre-market release of the financial figures. According to consensus analyst estimates, Shopify is set to deliver an EPS of C$0.11, with a growth of 67% compared to the same period last year, according to Bloomberg.
Here are the key financials to focus on:
1. Gross merchandise volume growth
$Shopify(SHOP.US)$'s gross m...

After last week's SHAKEOUT, KLCI has had six consecutive wins.
This is the third time this year that it has been six consecutive years.
Malaysian stocks have more than 1,000 shares, and KLCI has only 30 large constituent stocks.
It does not adequately represent the market situation.
I am focusing on EMAS trends,
The EMAS index returned to MA50 after being adjusted on 12/12/23 last year.
I've been walking on the MA50 for 88 days now, +10.46%.
Pretty forms a primary trend.
This is the second-longest rise in the EMAS index above MA50 in the past ten years.
In January 2017, it took 114 days, up to +10.99%.
In April 2020, it took 78 days to reach a maximum of +18.74% (strong recovery after the collapse of the epidemic.)
From December 2023 to today, it took 88 days +10.46%.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$

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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Is tesla over hyped?
With PE ration of only 40, it's cheaper than the other tech stocks right now!
$Tesla(TSLA.US)$
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