Moo Luck
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In January, the SEC approved the trading of 11 spot Bitcoin ETFs on the 11th. This approval allows investors to diversify their portfolios with crypto exposure without worrying about the complicated issues of custody. Microsoft had overtaken Apple as the most valuable company for the first time since 2021, which may be largely due to its investment in generative AI, including a stake in ChatGPT. The EV sector also faces fierce competition;...
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Moo Luck
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- S&P 500 hits a new record high, but concerns remain due to high interest rates (5.5%), inflation, and a potential recession predicted by the bond market.
- Rally led by "Magnificent Seven" tech stocks and energy sector gains (40%), with broader participation including $NVIDIA(NVDA.US$ and $Exxon Mobil(XOM.US$ as significant contributors.
- Despite recent gains, valuation metrics suggest caution; stocks no longer appear cheap relative to bond...
- Rally led by "Magnificent Seven" tech stocks and energy sector gains (40%), with broader participation including $NVIDIA(NVDA.US$ and $Exxon Mobil(XOM.US$ as significant contributors.
- Despite recent gains, valuation metrics suggest caution; stocks no longer appear cheap relative to bond...
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Moo Luck
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Econ data this morning was a bit hot:
- Strong beat from retail sales at 0.6% MoM (forecast of 0.4% MoM)
- Import prices (0.0% MoM) were a tad over expectations but still pointed to disinflation.
- Industrial production was expected to fall and it didn't (0.1% MoM). However, Nov and Oct growth was revised down.
Hawks win again, yields up, risk off.
$SPDR S&P 500 ETF(SPY.US$ $U.S. 2-Year Treasury Notes Yield(US2Y.BD$
- Strong beat from retail sales at 0.6% MoM (forecast of 0.4% MoM)
- Import prices (0.0% MoM) were a tad over expectations but still pointed to disinflation.
- Industrial production was expected to fall and it didn't (0.1% MoM). However, Nov and Oct growth was revised down.
Hawks win again, yields up, risk off.
$SPDR S&P 500 ETF(SPY.US$ $U.S. 2-Year Treasury Notes Yield(US2Y.BD$
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$SPDR S&P 500 ETF(SPY.US$ going to be bearish soon
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Moo Luck
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