To The Moon

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌ $iShares iBoxx $ Investment Grade Corporate Bond ETF(LQD)$ $iShares J.P. Morgan USD Emerging Markets Bond ETF(EMB)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $iShares Bitcoin Trust(IBIT)$ $SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$ My take on this is because Japan bond market is crashing, so US has to save them = printing more USD back end = US dollar value drop d/t saturation = people flock

My Investing Muse (24Aug2026) Layoffs, closures and Delinquencies Kroger has closed at least three dozen stores since announcing plans to shutter 60 locations that were not "delivering sustainable results" by the end of 2026 - MacroEdge In tech: Oracle was preparing another restructuring wave potentially starting September 1, with managers identifying double-digit team cuts after $1.84 billion in prior-year severance costs. TikTok filed a WARN for 75 Bellevue TikTok Shop roles (second consecutive year of cuts there). Pentera cut about 60 employees (~13% of staff) in its second round in four months to pivot toward an AI-native platform.In retail/consumer: H&M’s potential UK support-office redundancies of up to 250 were real but reported slightly earlier. Morrisons disclosed a nearly 5,0

News and my thoughts from the past week (24Aug2026) I don't know what's worse, knowing 70% of U.S. GDP is the AI bubble... Or knowing that 70% of U.S. GDP is entirely funded by private credit and retirement funds. - X user Financelot Canada suspends trade talks with US and says it will match tariffs dollar for dollar. - X user Watcher Guru Meta’s former engineering director is back on the stand, and his testimony is as brutal as the courtroom drawing of him. Whistleblower Arturo Bejar says Meta knew young users were being harmed at “extraordinarily high rates” but its own tracking failed to capture the real damage. He told jurors parents “would have wanted to have known” what the company knew. The case accuses Meta of addicting kids, worsening anxiety and depression, and illegally collecti

Market Outlook of S&P500 (24Aug2026) Technical Analysis Overview MACD Indicator The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 is on a downtrend. Moving Averages Examining the moving averages, the most recent price action shows that the last candlestick has been above the 200-day (MA200) moving average line. This pattern indicates a bullish shift in the long term. With the last candle sitting on the MA50 line, this implies a potential trend change in the shorter term. Notably, both the MA50 and MA200 lines have continued to trend upward, indicating a bullish outlook in both the short and long term. Exponential Moving Averages This shows a bullish trend with a potential for reversal. Chaikin Money Flow CMF index shows a score of -0.04. This impl

Economic Preview: Key Data Releases (week of 24Aug2026) Consumer Sentiment CB Consumer Confidence for August is forecast at 90.3, suggesting softer consumer sentiment toward the market. This figure can serve as a useful reference point for assessing the strength of household confidence and broader market expectations. Housing Market New Home Sales for July are expected to come in at 620,000 units, slightly below the previous month. The result will provide a reference point for evaluating current conditions in the real estate market. Inflation and Federal Reserve Focus The most closely watched release in the coming week is likely to be the July PCE Price Index. The year-on-year forecast stands at 3.3%. As the Federal Reserve’s preferred inflation gauge, this data will be closely monitored b

Economic Preview: Key Data Releases (week of 24Aug2026) Consumer Sentiment CB Consumer Confidence for August is forecast at 90.3, suggesting softer consumer sentiment toward the market. This figure can serve as a useful reference point for assessing the strength of household confidence and broader market expectations. Housing Market New Home Sales for July are expected to come in at 620,000 units, slightly below the previous month. The result will provide a reference point for evaluating current conditions in the real estate market. Inflation and Federal Reserve Focus The most closely watched release in the coming week is likely to be the July PCE Price Index. The year-on-year forecast stands at 3.3%. As the Federal Reserve’s preferred inflation gauge, this data will be closely monitored b

Dell Technologies enters its September 1 fiscal second-quarter report with extraordinary revenue growth but a familiar hardware-industry problem: selling more equipment does not automatically produce proportionately more profit. Investors need evidence that Dell’s scale in artificial-intelligence servers can translate into durable margins, services and cash flow. For the fiscal first quarter ended May 1 and reported May 28, Dell generated record revenue of $43.8 billion, up 88% year over year. Management guided for second-quarter revenue of $44–$45 billion and full-year revenue of $165–$169 billion. Dell’s first-quarter earnings release filed with the SEC provides the results and outlook. The bullish thesis is based on supply-chain scale. Dell can combine Nvidia accelerators, networking, s

Hello. Last friday's US session was a quiet one — $Invesco QQQ(QQQ)$ closed up 0.35 per cent, $SPDR S&P 500 ETF Trust(SPY)$ 0.41 per cent and the Dow 0.98 per cent — though the week as a whole still finished lower. What mattered happened after the close. On 23 August $BABA-W(09988)$ announced and priced a placement of new shares worth HK$80 billion, about US$10.2 billion, sold at an 8.4 per cent discount, with the net proceeds going into full-stack AI infrastructure. That is the fourth such raise in the same week. Intel sold US$20 billion of stock at US$95 a share;

Global financial markets are undergoing a complex realigning of risk paradigms, driven by unprecedented structural headwinds and concentrated corporate catalysts. As U.S. national debt breaches the historic $40 trillion threshold, sovereign debt issuance is encountering severe investor fatigue. Rising long-term Treasury yields — driven by expanding term premia rather than short-term rate expectations—are tightening financial conditions and eroding corporate valuation multiples. In this article, we would like to explore how we can navigate the global volatility that is potentially brought upon by the $40T Debt Milestone, what would be the central bank signals, and and how we perceive the crypto risk dynamics. 1. The $40 Trillion Debt Milestone & Sovereign Bond Dynamics The crossing of t

**The market is largely unimpressed because the doubled long-end buybacks are a modest liquidity/tactical measure that does little to address the core drivers of higher long-term yields.** On 19 August 2026, the US Treasury (under Secretary Scott Bessent) announced it would at least double the size of its liquidity-support buyback operations for 10- to 20-year and 20- to 30-year nominal Treasuries—from $2 billion to at least $4 billion per operation. This applies from 9 September through 4 November 2026 and adds roughly $14 billion of capacity in the current quarter (on top of the previously planned total). The move followed a sharp selloff that pushed the 30-year yield to its highest level since 2007, amid fiscal concerns (public debt near/above $40 trillion), geopolitical risks, and weak

The market is largely unimpressed because the doubled long-end buybacks are a modest liquidity/tactical measure that does little to address the core drivers of higher long-term yields. On 19 August 2026, the US Treasury (under Secretary Scott Bessent) announced it would at least double the size of its liquidity-support buyback operations for 10- to 20-year and 20- to 30-year nominal Treasuries—from $2 billion to at least $4 billion per operation. This applies from 9 September through 4 November 2026 and adds roughly $14 billion of capacity in the current quarter (on top of the previously planned total). The move followed a sharp selloff that pushed the 30-year yield to its highest level since 2007, amid fiscal concerns (public debt near/above $40 trillion), geopolitical risks, and weak dem

I would wait for Warsh’s tone, while keeping a core long-tech position rather than rotating aggressively into rate-sensitive assets yet. The key signal is that Treasury’s intervention only produced a temporary rally. The long end quickly returned to concerns over deficits, inflation and term premium. The 30-year yield has been around multi-decade highs, while the 10-year has remained near 4.7%.  My positioning: Core: Stay long quality tech. AI earnings and structural capex remain powerful, although high long-term yields are the main valuation risk. Nvidia earnings on 26 August could provide another catalyst.  Do not chase rate-sensitive assets yet. Banks, REITs, small caps and long-duration bonds could rally sharply if Warsh signals easier policy, but they could suffer if he emph

21 Aug 2026 — Daily Market Update U.S. stocks fell as higher Treasury yields, rising oil prices and concerns over consumer spending weighed on sentiment. At the same time, the latest developments from Alibaba, Broadcom, Microsoft and Micron show that AI investment is still accelerating — but investors are increasingly focused on whether these massive investments can generate sufficient returns and how they will be financed. S&P 500: -0.87% to 7,641.16 Dow Jones: -1.32% to 52,759.21 Nasdaq: -1.00% to 26,067.17 U.S. 2Y Treasury: roughly flat at 4.19% U.S. 10Y Treasury: +4 bps to around 4.70% U.S. 30Y Treasury: around 5.24% ⸻ 1. Alibaba: AI monetisation is improving, but cash flow remains under pressure Alibaba’s quarterly revenue rose about 9% YoY, slightly above expectations, while AI a

$Moderna, Inc.(MRNA)$Moderna and Merck’s personalized cancer therapy met its key goals in a Phase 3 melanoma trial, sending MRNA sharply higher and lifting the broader biotech sector. Biotech stocks have finally found a major catalyst. Moderna (MRNA) surged roughly 177%, while Merck (MRK) gained about 12.6%. BioNTech (BNTX), which is also developing mRNA-based cancer treatments, climbed nearly 22%. Biotech ETFs XBI and IBB rose about 5.9% and 6.6%, respectively. The catalyst was positive Phase 3 data for intismeran autogene, also known as V940 or mRNA-4157. The personalized mRNA therapy is being jointly developed by Moderna and Merck and tested in combination with Merck’s blockbuster immunotherapy drug Keytruda. The combination met

On August 13, 2026, YXT.com( $云学堂(YXT)$ ) Group Holding Limited delivered a notable set of first-half results. Revenue reached RMB162 million, up 6.0% year over year. Gross margin rose from 65.1% a year earlier to 70.1%, an increase of 5 percentage points. Net loss narrowed sharply from RMB73.9 million to RMB14.4 million, representing an 80.5% year-over-year decrease. For an enterprise services company in the middle of a strategic transformation, the message is clear: operating quality is improving, AI capabilities are beginning to translate into revenue, and the efficiency gains from AI are starting to show up in the numbers. From Streamlining to Strengthening: Structural Improvement in Financial Quality Over the past few years, YXT has been strea

Berkshire ending 14 straight quarters of net selling is definitely worth watching. It could be an early sign that the most cautious money in the market is starting to regain confidence. I don’t see it as an all-out bullish signal, but capital is clearly rotating back into AI, semiconductors and infrastructure. CoreWeave, SMCI and Lumentum also show that investors are increasingly looking beyond quarterly revenue and focusing on backlogs, long-term contracts and future cash flows. The big question now isn’t whether money is coming back — it’s which companies can actually turn that capital spending into sustainable profits. Valuations still matter, especially after the strong AI rally we’ve already seen. For me, this is a reason to stay invested but remain selective, rather than chase every

The US Treasury announced that it will double long-duration bond buybacks to at least US$4 billion per operation from September through early November. The move followed the 30-year Treasury yield reaching nearly 5.34%, its highest in almost two decades. The result: 10-year yield → ~4.65% 30-year yield → ~5.20% S&P 500 → +0.21% Nasdaq → +0.16% Dow → +0.22%. That is meaningful relief, but I would not interpret it as the end of the bond problem. The underlying issues—US fiscal deficits, inflation and enormous AI infrastructure financing requirements—remain unresolved. 🔴 Fed — more hawkish than the market hoped The July Fed minutes were important. They showed that “many” policymakers believe higher rates may ultimately be required if inflation does not continue falling, while three policy

I have been watching the Treasury market closely these past few weeks, and the latest move feels like a quiet admission that things are getting uncomfortable at the long end of the curve. Treasury just doubled the size of its liquidity-support buybacks in the 10-to-20-year and 20-to-30-year sectors to at least $4 billion per operation. This comes right after the 30-year yield pushed toward levels we haven’t seen in nearly two decades and the 10-year settled in the mid-4.6% range. On paper, these buybacks are still framed as liquidity tools helping dealers offload older, less-traded bonds. In practice, the timing and the sudden upsizing tell a different story. When yields keep rising even on the day of a scheduled buyback, and Treasury responds by expanding the program off-calendar, it look

I would wait for Warsh’s Jackson Hole tone before rotating aggressively back into tech. The Treasury intervention is meaningful, but I would not interpret it as a durable reversal in long-term yields. The 30-year yield had reached about 5.34%, its highest since 2007, before Treasury announced it would at least double long-duration buybacks to $4bn per operation.  The bigger issue is the Fed. July's minutes were more hawkish than the headline "hold" suggests: three officials wanted a 25bp hike, several saw inflation as broad-based, and there was no meaningful discussion supporting a cut. Markets are even assigning better-than-even odds to a hike by October or December.  So my positioning would be: Tech: cautiously add, not chase. Lower yields provide exactly the relief that high-d

Hello. The long end, which had been pressing on everything for three days, got held down on Wednesday. The 30-year Treasury yield first set a 19-year high intraday, then turned back after the US Treasury said it would at least double the size of its liquidity support buybacks in 10- to 30-year securities. The 30-year fell as much as 9 basis points to 5.19 per cent, closed near 5.20 per cent, and is down to 5.18 per cent today. But technology did not come back. $SPDR S&P 500 ETF Trust(SPY)$ closed up 0.21 per cent and $Dow Jones(.DJI)$ 0.22 per cent, and most of that came from healthcare while tech kept being sold. One headline put it plainly: the tech sell-off resumed an

Economic Preview: Key Data Releases (week of 24Aug2026) Consumer Sentiment CB Consumer Confidence for August is forecast at 90.3, suggesting softer consumer sentiment toward the market. This figure can serve as a useful reference point for assessing the strength of household confidence and broader market expectations. Housing Market New Home Sales for July are expected to come in at 620,000 units, slightly below the previous month. The result will provide a reference point for evaluating current conditions in the real estate market. Inflation and Federal Reserve Focus The most closely watched release in the coming week is likely to be the July PCE Price Index. The year-on-year forecast stands at 3.3%. As the Federal Reserve’s preferred inflation gauge, this data will be closely monitored b

Dell Technologies enters its September 1 fiscal second-quarter report with extraordinary revenue growth but a familiar hardware-industry problem: selling more equipment does not automatically produce proportionately more profit. Investors need evidence that Dell’s scale in artificial-intelligence servers can translate into durable margins, services and cash flow. For the fiscal first quarter ended May 1 and reported May 28, Dell generated record revenue of $43.8 billion, up 88% year over year. Management guided for second-quarter revenue of $44–$45 billion and full-year revenue of $165–$169 billion. Dell’s first-quarter earnings release filed with the SEC provides the results and outlook. The bullish thesis is based on supply-chain scale. Dell can combine Nvidia accelerators, networking, s

Global financial markets are undergoing a complex realigning of risk paradigms, driven by unprecedented structural headwinds and concentrated corporate catalysts. As U.S. national debt breaches the historic $40 trillion threshold, sovereign debt issuance is encountering severe investor fatigue. Rising long-term Treasury yields — driven by expanding term premia rather than short-term rate expectations—are tightening financial conditions and eroding corporate valuation multiples. In this article, we would like to explore how we can navigate the global volatility that is potentially brought upon by the $40T Debt Milestone, what would be the central bank signals, and and how we perceive the crypto risk dynamics. 1. The $40 Trillion Debt Milestone & Sovereign Bond Dynamics The crossing of t

Hello. Last friday's US session was a quiet one — $Invesco QQQ(QQQ)$ closed up 0.35 per cent, $SPDR S&P 500 ETF Trust(SPY)$ 0.41 per cent and the Dow 0.98 per cent — though the week as a whole still finished lower. What mattered happened after the close. On 23 August $BABA-W(09988)$ announced and priced a placement of new shares worth HK$80 billion, about US$10.2 billion, sold at an 8.4 per cent discount, with the net proceeds going into full-stack AI infrastructure. That is the fourth such raise in the same week. Intel sold US$20 billion of stock at US$95 a share;

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌ $iShares iBoxx $ Investment Grade Corporate Bond ETF(LQD)$ $iShares J.P. Morgan USD Emerging Markets Bond ETF(EMB)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $iShares Bitcoin Trust(IBIT)$ $SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$ My take on this is because Japan bond market is crashing, so US has to save them = printing more USD back end = US dollar value drop d/t saturation = people flock

My Investing Muse (24Aug2026) Layoffs, closures and Delinquencies Kroger has closed at least three dozen stores since announcing plans to shutter 60 locations that were not "delivering sustainable results" by the end of 2026 - MacroEdge In tech: Oracle was preparing another restructuring wave potentially starting September 1, with managers identifying double-digit team cuts after $1.84 billion in prior-year severance costs. TikTok filed a WARN for 75 Bellevue TikTok Shop roles (second consecutive year of cuts there). Pentera cut about 60 employees (~13% of staff) in its second round in four months to pivot toward an AI-native platform.In retail/consumer: H&M’s potential UK support-office redundancies of up to 250 were real but reported slightly earlier. Morrisons disclosed a nearly 5,0

Economic Preview: Key Data Releases (week of 24Aug2026) Consumer Sentiment CB Consumer Confidence for August is forecast at 90.3, suggesting softer consumer sentiment toward the market. This figure can serve as a useful reference point for assessing the strength of household confidence and broader market expectations. Housing Market New Home Sales for July are expected to come in at 620,000 units, slightly below the previous month. The result will provide a reference point for evaluating current conditions in the real estate market. Inflation and Federal Reserve Focus The most closely watched release in the coming week is likely to be the July PCE Price Index. The year-on-year forecast stands at 3.3%. As the Federal Reserve’s preferred inflation gauge, this data will be closely monitored b

Market Outlook of S&P500 (24Aug2026) Technical Analysis Overview MACD Indicator The Moving Average Convergence Divergence (MACD) indicator for the S&P 500 is on a downtrend. Moving Averages Examining the moving averages, the most recent price action shows that the last candlestick has been above the 200-day (MA200) moving average line. This pattern indicates a bullish shift in the long term. With the last candle sitting on the MA50 line, this implies a potential trend change in the shorter term. Notably, both the MA50 and MA200 lines have continued to trend upward, indicating a bullish outlook in both the short and long term. Exponential Moving Averages This shows a bullish trend with a potential for reversal. Chaikin Money Flow CMF index shows a score of -0.04. This impl

News and my thoughts from the past week (24Aug2026) I don't know what's worse, knowing 70% of U.S. GDP is the AI bubble... Or knowing that 70% of U.S. GDP is entirely funded by private credit and retirement funds. - X user Financelot Canada suspends trade talks with US and says it will match tariffs dollar for dollar. - X user Watcher Guru Meta’s former engineering director is back on the stand, and his testimony is as brutal as the courtroom drawing of him. Whistleblower Arturo Bejar says Meta knew young users were being harmed at “extraordinarily high rates” but its own tracking failed to capture the real damage. He told jurors parents “would have wanted to have known” what the company knew. The case accuses Meta of addicting kids, worsening anxiety and depression, and illegally collecti

**The market is largely unimpressed because the doubled long-end buybacks are a modest liquidity/tactical measure that does little to address the core drivers of higher long-term yields.** On 19 August 2026, the US Treasury (under Secretary Scott Bessent) announced it would at least double the size of its liquidity-support buyback operations for 10- to 20-year and 20- to 30-year nominal Treasuries—from $2 billion to at least $4 billion per operation. This applies from 9 September through 4 November 2026 and adds roughly $14 billion of capacity in the current quarter (on top of the previously planned total). The move followed a sharp selloff that pushed the 30-year yield to its highest level since 2007, amid fiscal concerns (public debt near/above $40 trillion), geopolitical risks, and weak

The market is largely unimpressed because the doubled long-end buybacks are a modest liquidity/tactical measure that does little to address the core drivers of higher long-term yields. On 19 August 2026, the US Treasury (under Secretary Scott Bessent) announced it would at least double the size of its liquidity-support buyback operations for 10- to 20-year and 20- to 30-year nominal Treasuries—from $2 billion to at least $4 billion per operation. This applies from 9 September through 4 November 2026 and adds roughly $14 billion of capacity in the current quarter (on top of the previously planned total). The move followed a sharp selloff that pushed the 30-year yield to its highest level since 2007, amid fiscal concerns (public debt near/above $40 trillion), geopolitical risks, and weak dem

21 Aug 2026 — Daily Market Update U.S. stocks fell as higher Treasury yields, rising oil prices and concerns over consumer spending weighed on sentiment. At the same time, the latest developments from Alibaba, Broadcom, Microsoft and Micron show that AI investment is still accelerating — but investors are increasingly focused on whether these massive investments can generate sufficient returns and how they will be financed. S&P 500: -0.87% to 7,641.16 Dow Jones: -1.32% to 52,759.21 Nasdaq: -1.00% to 26,067.17 U.S. 2Y Treasury: roughly flat at 4.19% U.S. 10Y Treasury: +4 bps to around 4.70% U.S. 30Y Treasury: around 5.24% ⸻ 1. Alibaba: AI monetisation is improving, but cash flow remains under pressure Alibaba’s quarterly revenue rose about 9% YoY, slightly above expectations, while AI a

$Moderna, Inc.(MRNA)$Moderna and Merck’s personalized cancer therapy met its key goals in a Phase 3 melanoma trial, sending MRNA sharply higher and lifting the broader biotech sector. Biotech stocks have finally found a major catalyst. Moderna (MRNA) surged roughly 177%, while Merck (MRK) gained about 12.6%. BioNTech (BNTX), which is also developing mRNA-based cancer treatments, climbed nearly 22%. Biotech ETFs XBI and IBB rose about 5.9% and 6.6%, respectively. The catalyst was positive Phase 3 data for intismeran autogene, also known as V940 or mRNA-4157. The personalized mRNA therapy is being jointly developed by Moderna and Merck and tested in combination with Merck’s blockbuster immunotherapy drug Keytruda. The combination met

On August 13, 2026, YXT.com( $云学堂(YXT)$ ) Group Holding Limited delivered a notable set of first-half results. Revenue reached RMB162 million, up 6.0% year over year. Gross margin rose from 65.1% a year earlier to 70.1%, an increase of 5 percentage points. Net loss narrowed sharply from RMB73.9 million to RMB14.4 million, representing an 80.5% year-over-year decrease. For an enterprise services company in the middle of a strategic transformation, the message is clear: operating quality is improving, AI capabilities are beginning to translate into revenue, and the efficiency gains from AI are starting to show up in the numbers. From Streamlining to Strengthening: Structural Improvement in Financial Quality Over the past few years, YXT has been strea

I would wait for Warsh’s tone, while keeping a core long-tech position rather than rotating aggressively into rate-sensitive assets yet. The key signal is that Treasury’s intervention only produced a temporary rally. The long end quickly returned to concerns over deficits, inflation and term premium. The 30-year yield has been around multi-decade highs, while the 10-year has remained near 4.7%.  My positioning: Core: Stay long quality tech. AI earnings and structural capex remain powerful, although high long-term yields are the main valuation risk. Nvidia earnings on 26 August could provide another catalyst.  Do not chase rate-sensitive assets yet. Banks, REITs, small caps and long-duration bonds could rally sharply if Warsh signals easier policy, but they could suffer if he emph

Hello. The long end, which had been pressing on everything for three days, got held down on Wednesday. The 30-year Treasury yield first set a 19-year high intraday, then turned back after the US Treasury said it would at least double the size of its liquidity support buybacks in 10- to 30-year securities. The 30-year fell as much as 9 basis points to 5.19 per cent, closed near 5.20 per cent, and is down to 5.18 per cent today. But technology did not come back. $SPDR S&P 500 ETF Trust(SPY)$ closed up 0.21 per cent and $Dow Jones(.DJI)$ 0.22 per cent, and most of that came from healthcare while tech kept being sold. One headline put it plainly: the tech sell-off resumed an

I have been watching the Treasury market closely these past few weeks, and the latest move feels like a quiet admission that things are getting uncomfortable at the long end of the curve. Treasury just doubled the size of its liquidity-support buybacks in the 10-to-20-year and 20-to-30-year sectors to at least $4 billion per operation. This comes right after the 30-year yield pushed toward levels we haven’t seen in nearly two decades and the 10-year settled in the mid-4.6% range. On paper, these buybacks are still framed as liquidity tools helping dealers offload older, less-traded bonds. In practice, the timing and the sudden upsizing tell a different story. When yields keep rising even on the day of a scheduled buyback, and Treasury responds by expanding the program off-calendar, it look

US stocks rose modestly and long bonds rallied on August 19 after the Treasury doubled planned buybacks of older long-dated securities. Hours later, Federal Reserve minutes showed that inflation concerns were becoming more hawkish. Together, the events illustrate why the discount rate facing equities depends on both market plumbing and monetary policy—and why one cannot permanently cancel the other. The Treasury announced on August 19 that it would increase liquidity-support buybacks for nominal securities in the 10-to-20-year and 20-to-30-year sectors from a maximum of $2 billion to at least $4 billion per operation, effective September 9 through November 4. The Treasury’s official announcement states the change. The action followed a selloff that pushed the 30-year Treasury yield to 5.34

20 Aug 2026 — US Market Daily US stocks ended a three-day losing streak as the Treasury’s surprise move to expand long-term bond buybacks helped push longer-dated yields lower. Moderna’s successful Phase 3 cancer vaccine trial also boosted healthcare stocks. However, hawkish Fed minutes and continued US-Iran tensions kept risk appetite in check. S&P 500: +0.21% to 7,707.98 Dow Jones: +0.22% to 53,463.05 Nasdaq: +0.16% to 26,331.09 US 2Y Treasury: +1 bp to ~4.18% US 10Y Treasury: -6 bps to ~4.65% ⸻ 1. Iran tensions remain high, but Trump leaves the door open for talks * Trump said the US may resume negotiations with Iran “at some point,” reversing his tougher stance just a day earlier. * Washington is still waiting for clearer signs that Iran is willing to compromise before formally res

Hello. Three companies reported on Tuesday. Put the three side by side and no order makes sense. $Fabrinet(FN)$ beat on revenue by about 3.1 per cent and on earnings per share by about 7.5 per cent, both records — and closed down 19.38 per cent at US$482.59. $Home Depot(HD)$ beat on both lines, posted net sales of about US$47.9 billion and its best comparable sales since 2022, and reaffirmed full-year guidance — and closed down 0.12 per cent. $BIDU-SW(09888)$ missed on both revenue and profit, with earnings per share about 22.7 per cent short — and closed down 12.73 per cent. Full marks fell 19 per cent, a pass fell 0.