History of bubbles updated 👇 Human nature does not change, only the bubbles do.
Archives of “Analysis” category
rssUS stocks close higher on the day. Close out a stellar week for the major indices
- Dow industrial average rose 33.07 points or 0.10% at 33748.64
- S&P index rose 36.61 points or 0.93% at 3992.94
- NASDAQ index rose 209.19 points or 1.88% at 11323.34
- Russell 2000 rose 14.81 points or 0.79% at 1882.73
for the trading week:
- Dow industrial average rose 4.15%
- S&P index rose 5.9%
- NASDAQ index rose 8.10%
- Russell 2000 rose 4.60%
- Ark Innovation fund increased by a oversized 14.62%
Thought For A Day
US says conflict & a Chinese blockade of Taiwan trade would spark $2.5tn in economy losses
Seeing this item doing the rounds. Hopefully not imminent but something to be aware of!
- The US state department has shared research with partners and allies that estimates that a Chinese blockade of Taiwan would spark $2.5tn in economic losses, according to six people familiar with the material, which was commissioned from the research firm Rhodium Group.
- The stark warning has been shared with European Commission and European government officials
The link is here to the piece, and I’ve seen something similar in the Financial Times (gated).
Major US indices have a huge day higher as CPI inflation comes in lesson expectations NASDAQ index rises by 7.35%
- Dow industrial average rose 1201.43 points or 3.7% had 33715.36
- S&P index rose 207 22 points or 5.54% at 3956.38. The index closed above its 100 day moving average at 3901.
- NASDAQ index was the biggest gainer with a 760.98 point rise or 7.35% at 11114.16
- Russell 2000 rose 107.52 points or 6.11% at 1867.92.
It is a great move. It is the largest move higher since the pandemic. There is room to roam, but understand that there may come a day where it realized that it still rose 0.4% for the month. That inflation is still well above the 2% target for both the headline and the core.
However, enjoy it while you can and look for higher levels to potentially sell (like the 200 day MA).
Thought For A DAY
The issue with $TSLA valuation is that it is based on BYD growth rate. Cute, isn’t it?
Thought For A Day
Tesla CEO Elon Musk selling additional shares of Tesla (TSLA), around US$3.95bn
Tesla’s Chief Executive Officer Elon Musk sold 19.5 million shares of TSLA
- worth $3.95 bn
The sale is according to a U.S. securities filing published Tuesday (US ET evening).
The sale adds to his previous sales:
- sold almost US$22 bn worth of Tesla shares in 2021
- sold over US$8 bn worth in April 2022
- sold around US$7 bn worth in August 2022
Foxconn says still high risk, still in ‘closed loop’
Foxconn says now that its iPhone plant in Zhengzhou is still in a high risk area where curbs remain and that it’ll continue to operate under a closed loop.
Closed loop means tight restrictions ar still in place for workers in the plant.
