Asia stocks set for mixed open in countdown to Fed
Asian stocks are set for a mixed start Wednesday after the latest inflation data added to the case for tighter Federal Reserve policy, weighing on U.S. shares. The dollar rose with Treasury yields.
Australian shares slipped, futures for Japan fell and Hong Kong contracts were little changed. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures wavered. Technology shares led the drop on Wall Street as investors fret over reduced stimulus and sour on costlier parts of the stock market.
JPMorgan says it's OK if you're still in love with risky stocks
Investors should reconsider their affection for the safety of technology megacaps and start seeking out risky assets like beaten-down high-growth stocks and Chinese shares.
So says Dubravko Lakos-Bujas, $JPMorgan (JPM.US)$'s global head of equity research. "In the first half next year, assuming inflation shows signs of normalization, assuming the Fed ends up being more balanced and doesn't continue to move forward with tightening, which I believe the market is pricing in, and assuming the Covid situation starts to come back under control, I think you'll see a rotation from lower-beta megacaps into higher-beta."
New fund chasing day-trader favorites slammed by meme stock slide
The $ROUNDHILL MEME ETF (MEME.US)$ has fallen every day since its launch last Wednesday.
So far this week, $GameStop (GME.US)$ and $AMC Entertainment (AMC.US)$ have shed 15% and 16%, respectively. Meanwhile, the fund's top holding $Digital World Acquisition Corp (DWAC.US)$ -- the special purpose acquisition company taking former president Donald Trump's media company public -- is down 11%, bringing its losses to 23% since the ETF launched.
Elon Musk's stock sales could total $18 billion by the end of year
Elon Musk sold $906 million in $Tesla (TSLA.US)$ stock Monday. As of Tuesday morning, he has sold a total of 11.9 million shares, according to InsiderScore/Verity. Musk is making two kinds of stock sales — one to pay taxes on his compensation package and the other for straight cash-outs, or "to-pocket" sales.
Based on his 10% sale target, Musk will likely only sell another $5 billion before the year is out.
Dogecoin spikes more than 20% after Elon Musk says Tesla will accept it as payment for merch
Dogecoin skyrocketed more than 20% on Tuesday after Elon Musk said Tesla would accept it as payment for some merchandise. Musk has frequently talked up dogecoin, calling it his favorite digital coin and mentioning it in an appearance on "Saturday Night Live." Dogecoin hit a record-high price above 74 cents in May but has since plunged sharply.
Red-hot chip stocks are cooling
The $PHLX Semiconductor Index (.SOX.US)$, home to the likes of $NVIDIA (NVDA.US)$ and $Advanced Micro Devices (AMD.US)$, has gained 36% in 2021 after advances of more than 50% in both 2019 and 2020. That brings the three-year cumulative return including dividends to almost 250%, exceeding gains seen in any similar span of the late-1990s technology mania.
However, global growth in chip sales slowed in October to May levels and has been cooling for three straight months, industry show.
Adobe, Cloudflare lead plunge in cloud stocks after JPMorgan issues wave of downgrades on valuation concerns
JPMorgan analysts downgraded Adobe, Datadog, Cloudflare, Zscaler and other software stocks in an outlook report for 2022. "With rates climbing, this adds risk to higher multiple software stocks trading over 20 times revenue," the analysts wrote.
$Adobe (ADBE.US)$ fell almost 7%, $Cloudflare (NET.US)$ tumbled 9% and $Zscaler (ZS.US)$ was off almost 8%.
UK regulator says Google and Apple hold 'vice-like' grip on consumers
$Alphabet-A (GOOGL.US)$ and $Apple (AAPL.US)$ hold a "vice-like" grip over how people use mobile phones, Britain's Competition and Markets Authority said Tuesday.
The statement is a fresh warning to tech groups after the regulator stepped up scrutiny of the power they wield in a world increasingly lived online. It recently told $Meta Platforms (FB.US)$ it had to sell Giphy, the popular animated images platform it bought in 2020.
Source: Bloomberg, CNBC

$ARK Innovation ETF (ARKK.US)$ $Roku Inc (ROKU.US)$ $Tesla (TSLA.US)$
Casey Wood said that due to expectations that the Federal Reserve will tighten policy, its growth-focused funds are no longer favored, and the company is "self-reflection."
It is understood that the $17.8 billion ARK Innovation ETF (ARKK.US) has fallen by more than 20% this year. Its investment portfolio includes electric car giant Tesla (TSLA.US) and video streaming platform Roku (ROKU). .US) and others have fallen from recent highs. During the same period, the S&P 500 Index rose about 24%.
Wood said in an interview: "I have never experienced a rising market, or an appreciation market, and our strategy is falling. This has never happened before."
"When we go through such a period, of course we will conduct self-reflection and ask ourselves,'Did we miss something?'" In addition, she added that in response, the company has increased its research and modeling efforts.
Article excerpted from the US Stock Research Agency

This year's inflows into ETFs worldwide crossed the $1 trillion mark for the first time at the end of November, surpassing last year's total of $735.7 billion, according to Morningstar data. That wave of money, along with rising markets, pushed global ETF assets to nearly $9.5 trillion, more than double where the industry stood at the end of 2018.
Most of that money has gone into low-cost U.S. funds that track indexes run by Vanguard Group, $Blackrock (BLK.US)$ and $State Street (STT.US)$ which together control more than three-quarters of all U.S. ETF assets.
Technically they're not the same concept, but the $1 trillion landmarks still remind me of $Tesla (TSLA.US)$ hitting a $1 trillion market cap on Oct.25. It showed how influential the company is. 
Are you part of the one trillion? Would you tell me about the reason that you buy or not buy ETF?
moomoo Courses:
ETF Basics
ETF Strategies

This Monday we reviewed the valuation about Basic Materials & Consumer Cyclical，and today we look into Financial Services and Real Estate. They are cyclical stocks, too.
1. Financial Services
This sector includes companies that provide financial services include banks, savings and loans, asset management companies, credit services, investment brokerage firms and insurance companies.
Companies in this sector include $JPMorgan (JPM.US)$, $Wells Fargo & Co (WFC.US)$ and $Blackrock (BLK.US)$.
2. Real Estate
This sector includes companies that develop, acquire, manage, and operate real estate properties.
Companies in this sector include $Lennar Corp (LEN.US)$, $PulteGroup (PHM.US)$, and $D.R. Horton (DHI.US)$.
Next time we will talk about sector valuation about Consumer Defensive, Healthcare and Utilities.
Companies can be divided into several groups - sectors  - according to their business activities.
Follow me to catch the value! 
Source: gurufocus, investopedia.