📃 Key Takeaways
▫️ Nvidia closed at $132.65 on October 9, nearing its all-time high of $140.74, reflecting a year-to-date increase of around 168%.
▫️ The stock is developing a symmetrical triangle pattern and indicates a possible breakout. Technical indicators like RSI and MACD are positive on the daily timeframe, suggesting potential upward movement.
▫️ Nvidia CEO recently says ‘reasoning’ AI will depend on cheaper c...

The Chinese stock market's significant rise has garnered global attention, yet it has not convinced some major financial institutions worldwide.
Fund managers and strategists from Invesco, JP Morgan Asset Management, HSBC Global Private Banking and Wealth Management, and Nomura Holdings, among other institutions, express skepticism about this rebound until the Chinese government fulfills its stimulus commitments with real silver and gold, raising concerns that many stocks may already be overvalued.
Since late September, a series of economic, financial, and market support measures have boosted investor confidence, leading to a significant increase in stocks of the world's second-largest economy. The Hang Seng China Enterprises Index has surged by over 30% since early September, outperforming more than 90 global equity indices tracked by Bloomberg.
Marvin Leung, Chief Investment Officer for Greater China at Invesco, stated that in the short term, market sentiment may become overextended, but people will ultimately return to fundamentals.
Due to this rebound, some stocks have become overvalued, lacking a clear value proposition based on their potential earnings performance.
In the past month, the Chinese government has announced a series of stimulus measures, including interest rate cuts, reductions in reserve requirement ratios, massive liquidity support to the stock market, and a commitment to curb the downward trend in the real estate market.
This Tuesday, China's National Development and Reform Commission will hold a press conference on incremental policies, introducing the situation related to the "systematic implementation of a package of incremental policies."
Although there are many optimistic factors supporting the continuous rise of the stock market, false dawns have also appeared multiple times before, the most recent one being the rebound in February, which later completely dissipated.
The recent surge in Chinese stocks has caused...

Alright, buckle up folks, because it's that time of the year again—the Apple fall event! Yep, the annual tradition where Apple reveals something shiny, slaps an eye-watering price on it, and somehow makes us all question our financial decisions. This year? AI is the buzzword. It's not just "Siri, what's the weather?" anymore. No, no, this is "Siri, write my term paper, balance my checkbook, and maybe solve world peace while you're ...