$UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$
Win, lose or draw, let us not forget to contribute  back. 🍻🍻

$UP Fintech (TIGR.US)$ i push, u assist, n it went up up rocket hohoho

Ladies and gentlemen, it is your friendly neighbourhood 股神 again.
It has been quite awhile since I last posted. Much has happened lately with the fed's tapering, upcoming interest rate hike, omicron variant, etc.
At this current juncture of market volatility and massive sell-offs, growth stocks have entered deep value territory, while large capitalization stocks have entered a bubble. In the upcoming weeks, I foresee a rotation of funds from large capitalization stocks to growth stocks amidst the upcoming progressive interest rate hike of 0.25% to 0.75% by 2022 year end. The interest rate hike should remain as projected and not be increased, to cushion the impact of the omicron variant on the economy.
Many feared the uncertainty which the omicron variant brings to the stock market, but I view it as an opportunity of a lifetime. With the current data from South Africa, Europe and the world, it is preliminarily conclusive that the omicron variant is indeed much more transmissive. In fact, it is found that the omicron variant is at least 5 times more transmissive than the delta variant. However, it appears that the omicron variant is much milder in terms of severity. With a tremendous number of people in the millions contracting the omicron variant, only a very very small percentage of people are hospitalised and slightly more than a dozen dead. I believe that this variant will be unstoppable, but humans will evolve and thrive. It will indeed be the survival of the fittest. The recovery will be very swift as herd immunity will be achieved in a very short period of time. Finally, either the omicron variant or the next will bring the virus to common cold level of severity and be truly endemic in the world.
So, what stocks do we hold in such market conditions? Well, we should hold those which are covid-proof - those which can grow and thrive in an uncertain world economy and order. To reveal, I am currently holding stocks of $ChargePoint (CHPT.US)$ $Opendoor Technologies (OPEN.US)$ $Palantir (PLTR.US)$ $Skillz (SKLZ.US)$ and $SoFi Technologies (SOFI.US)$. One does not need a massive diversification, for diversification is a protection against ignorance. Holding 5 to 15 stocks is more than diversified for the informed investor. Lastly, to balance between asset class, I am holding stocks of $Hut 8 (HUT.US)$, which have lower correlation to the general stock market.
On a side note, Chinese stocks are no longer worth holding from now to the near future with the recent turn of events - forced delisting of Chinese stocks, blacklisting of Chinese companies, heightened escalation of US-China tensions, evergrande default, etc. I have sold out my positions and took some losses in $Futu Holdings Ltd (FUTU.US)$ and $UP Fintech (TIGR.US)$. This rebalance of portfolio is vital, considering opportunity costs.
To conclude, I wish you all all the best in your investment journey. Merry Christmas and a Happy New Year. To a brighter future. Cheers!!

$UP Fintech (TIGR.US)$
Our company is concerned about today's foreign media reports on the regulatory policies of Internet brokers, and hereby explains as follows:
1. Tiger International has been committed to providing first-class investment experience for global investors. Like the business models of other brokers in Singapore and Hong Kong, China, we strictly abide by the relevant regulatory regulations and requirements, and there is no innovation or breakthrough in the model in essence.
2. At present, the Group holds 46 licenses and qualifications in 36 categories in mainstream global financial markets such as Singapore, Hong Kong, New Zealand, the United States and Australia, and nearly 90% of the newly added customers in the third quarter came from non-Chinese mainland regions. In the future, we will continue to firmly invest in science and technology to provide safe, inclusive and convenient products and services for more global investors.
3. The Group has always regarded legal and compliant operation as the lifeline of the Group. If relevant regulatory rules are issued in the future, we will obey the regulatory arrangements and strictly implement the new regulations according to the latest regulatory requirements. At the same time, we will disclose relevant information to investors in a timely manner according to the disclosure requirements of listed companies.
4. Recently, we have also noticed that some short-selling institutions in the market spread information that has not been officially confirmed. We firmly resist any malicious short selling in the market. We will maintain communication with relevant departments and reserve the right to investigate the legal responsibilities of the disseminators of relevant false information according to law.

$UP Fintech (TIGR.US)$
$Futu Holdings Ltd (FUTU.US)$
So.... the storm is coming or going away? 🥺🥺🥺🥺

Asia stocks set for mixed start after Fed decision
Asian stocks looked set for a mixed start Thursday following a rally in U.S. equities spurred by speculation that Federal Reserve policy tightening will help fight inflation without derailing economic growth.
Australian shares edged down, futures climbed for Japan but those for Hong Kong slid amid concerns about more U.S. sanctions on Chinese companies. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ contracts climbed. Technology shares led U.S. equities to a strong close after initial declines following the Fed statement.
Fed doubles taper, signals three 2022 hikes in inflation pivot
Heralding one of the most hawkish policy pivots in years, the central bank said Wednesday it will double the pace at which it's scaling back purchases of Treasuries and mortgage-backed securities to $30 billion a month, putting it on track to conclude the program in early 2022, rather than mid-year as initially planned.
Big tech bulls are vindicated even after Fed pulls the trigger
Investors gobbled up megacap technology stocks Wednesday. $Apple (AAPL.US)$ was the hot pick, rising as much as 2.9%. The world's largest company by market value is roughly 2% short of hitting a $3 trillion valuation. Megacap peers $Microsoft (MSFT.US)$ and Google-owner $Alphabet-A (GOOGL.US)$ also rallied off day's lows and were about 5% away from their all-time highs. The tech-heavy Nasdaq 100 was the best performing major average, rising 2.4%.
Goldman, BNY Mellon join ESG-fund stampede with 4 new ETFs
The furious pace of green-fund launches in the U.S. ETF industry showed no sign of easing Wednesday.
For example, the $Goldman Sachs ActiveBeta Paris-Aligned Climate U.S. Large Cap Equity ETF (GPAL.US)$ will track an index that aligns with the goals of the Paris Climate Agreement. The $BNY MELLON SUSTAINABLE US EQUITY ETF (BKUS.US)$ will invest at least 80% of its net assets in U.S. companies that demonstrate sustainable business practices.
Elon Musk: 'I'll be surprised if we're not landing on Mars within five years'
Musk, the 50-year-old SpaceX founder and CEO who was named Time's Person of the Year, has big plans for the Red Planet: namely, a self-sustained city with solar-powered hydroponic farms where humans can permanently live, 34 million miles away from Earth.
Small-business owners had a devastating year — but they finally have hope now, according to a new survey
According to a new survey from the U.S. Chamber of Commerce Small Business Index and insurance giant MetLife, 77% of small-business owners say they're optimistic about the future of their business, and 62% say their business is in good health. Nearly half say they plan to spend more money next year than they did this year.
Investors challenge concealment clauses at large tech groups
Seven of the largest US technology companies, including $Alphabet-A (GOOGL.US)$, $Amazon (AMZN.US)$ and $Meta Platforms (FB.US)$, are facing investor pressure to publish more information about their non-disclosure agreements and other concealment clauses in employment contracts.
Amid growing investor support for employee rights issues, the seven shareholder proposals filed ahead of the companies' 2022 annual general meetings requested information about the risks posed by concealment clauses.
American consumer momentum wanes just in time for the holidays
The effects of financial stimulus are wearing off and the savings rate as a percentage of disposable household income has drifted down to 2019 levels. In other words, the tailwinds pushing the spending boom are easing and momentum is waning. The result is a new, relatively flatter year-to-date trend line.
November retail sales increased 0.3% from October, falling short of the expected 0.8% rise.
Source: Bloomberg, CNBC, Financial Times