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Like travel, golf, sea, Global stocks, make friends with different countries.
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Trump praised the China-U.S. negotiations as a "full restart negotiated in a friendly and constructive manner. We hope to see China open up to American companies for the benefit of both China and the United States. Great progress has been made!!
China's National Bureau of Statistics released data on the 16th, showing that the country's gross domestic product (GDP) in the first quarter was 31,875.8 billion yuan, a year-on-year increase of 5.4% and a quarter-on-quarter increase of 1.2% from the fourth quarter of last year.
The market liquidity brought about by the interest rate cut is loose, and the #HSI has risen by 16% in the past 10 trading days, exceeding 2700 basis points.📈📈
A lot of great $BABA news this month:
1) China has concluded its antitrust review of the company.
2) Alibaba's Hong Kong-listed shares may soon be accessible to mainland Chinese investors through Stock Connect.
3) Michael Burry has increased his $BABA holdings by 24%, making it his largest position.
4) David Tepper continues to maintain a significant position in $BABA.
Despite this positive news, many funds are still shorting $BABA. Stronger revenue and earnings per share are essential to reverse this trend. The company's future success ultimately depends on its ability to deliver solid financial results
I still bullish and if the price goes below $70 I will add more
All the funds shorting $BABA:
I think the reason for this decline in US #stocks is the following
1. It has risen too much recently
2. A 50-point cut is less likely
3. JGBS are selling again
4. #Powell speech tomorrow, BOJ Governor and Finance Minister attend parliamentary hearing (market fears hawkish speech)
The stock market fell on the back of positive CPI data, mainly due to the unwinding of carry trades in other currencies, mainly the yen.
Tomorrow's retail sales data and jobless claims data will determine the direction of the stock market.