As of mid-2024, Jinglin Asset's holdings in$PDD Holdings (PDD.US)$have reached nearly 20% of Jinglin's U.S. stock portfolio, with a 43% increase in Q2 alone. The top six stocks by market value in Jinglin's portfolio make up 60% of the total portfolio, with the holdings as follows: Pinduoduo (18.24%), Facebook (15.44%),$Taiwan Semiconductor (TSM.US)$(12.45%),$Microsoft (MSFT.US)$(10....
Last Monday's rout was likely caused by a combination of 2 factors, such as fear of recession due to a very poor nonfarm payrolls report and rising interest rate in Japan which resulted to unwinding of Yen carry trades. Fortunately, the market rebounded strongly later in the week as Thursday's initial jobless claims declined by a largest level since Sep, which helped to calm some nerves. Meanwhile, we have more economic data coming up this ...
The top six stocks by market value in Jinglin's portfolio make up 60% of the total portfolio, with the holdings as follows: Pinduoduo (18.24%), Facebook (15.44%), $Taiwan Semiconductor (TSM.US)$ (12.45%), $Microsoft (MSFT.US)$ (10....
This widespread sell-off has impacted high growth and technology stocks the most.
On a side note, the rising tension in Middle East is something we should pay special attention to as well.
$Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Super Micro Computer (SMCI.US)$ $Advanced Micro Devices (AMD.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Netflix (NFLX.US)$
Fortunately, the market rebounded strongly later in the week as Thursday's initial jobless claims declined by a largest level since Sep, which helped to calm some nerves.
Meanwhile, we have more economic data coming up this ...
What happened: last Monday, we saw a global market sell off. But by the end of the week, the US stock market has staged an incredible comeback by recovering almost all of the week’s losses!
Here's the question many have in mind - is this is a dead cat bounce?
$Palantir (PLTR.US)$ $Adobe (ADBE.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $iShares Bitcoin Trust (IBIT.US)$ $Bank of America (BAC.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $BABA-SW (09988.HK)$