To The Moon

The University of Michigan's Consumer Sentiment Index slid to 67.8 in February's preliminary reading from 71.1 in the prior month, compared with the 71.9 consensus. The slide came as inflation expectations at the one-year horizon continued to climb.Year-ahead inflation expectations jumped to +4.3% from +3.3% in January, surpassing the +3.3% consensus.The latest reading was the lowest since July 2024, with all five index components waning this month.Current Conditions Index: 68.7 vs. 73.0 expecte

Chinese ADRs slumped in premarket trading with PDD tumbling over 6%.

SocGen's Albert Edwards says the artificial-intelligence craze is getting out of hand. The artificial-intelligence craze and a "loosey goosey" Federal Reserve monetary policy have helped to spawn another bubble in U.S. stocks, according to a strategist who anticipated the dot-com crash of 2000.According to Albert Edwards, a global strategist at Société Générale known for his bearish takes on markets and the economy, the stock-market rally over the last five months has all the hallmarks of a bubble, including tacit help from the Fed and a convenient narrative: that the "artificial intelligence revolution" will drive a boom in corporate earnings.In the past, the S&P 500 has closely tracked analysts' optimism, Edwards said but more recently, the relationship appears to be heading in the wrong direction.As stock-market bulls wait around for AI to drive earnings into the stratosphere, "those of us who lived through the late 1990s TMT bubble have heard it all before and roll our eyes skyward

NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.Despite the challenges, I believe NIO's stock is undervalued and investors are overreacting to the forecast.NIO

S&P 500 gains driven by multiple expansion as earnings estimates for Q4 and Q1 fall.Sales growth expected to turn higher despite inflation rate coming down, but may stall due to slower economic growth

Some undervalued companies can stay undervalued for far longer than we realize. Alibaba Group Holding Limited is one such company that has continued to disappoint investors despite looking very cheapl

Barring some positive surprises with earnings and/or upcoming delivery numbers, expect NIO stock to stay under pressure.

Shareholders of China's e-commerce powerhouse just can't get a break -- but one's coming sooner rather than later.

Stocks fell Tuesday as traders kept an eye on rising Treasury yields, which hit a 16-year high.The 10-year Treasury yield traded at 4.735%, climbing to its highest level since Aug. 15, 2007. The bench

PDD Holdings has a differentiated and superior business model compared to JD.com and Alibaba, giving it a structural cost advantage.PDD's merchant ecosystem is more competitive and efficient than Taob