To The Moon

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

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

19/08/2026 Renewed US–Iran tensions pushed oil prices and global long-term borrowing costs higher. At the same time, concerns over AI valuations, massive capital expenditure and financing models weighed on sentiment. US equities fell for a third consecutive session, led lower by semiconductors and memory stocks, while defensive and energy sectors were relatively resilient. S&P 500 fell 0.69% to 7,691.76 Dow Jones fell 0.22% to 53,343.40 Nasdaq fell 1.33% to 26,289.71 US 2-year Treasury yield was broadly unchanged at around 4.18%–4.19%. US 10-year Treasury yield fell around 2 bps to 4.71%, after reaching an intraday high of around 4.75%, close to its highest level since early 2025. ⸻ News 1 — China’s Tech AI Transformation Accelerates: Xiaomi Smartphone ASP Hits Record High, Baidu GPU C

18/08/2026 The renewed deadlock in U.S.–Iran negotiations pushed oil prices and long-term Treasury yields higher, weighing on U.S. equities for a second consecutive session. However, concerns over AI demand and capital expenditure eased, driving a strong rally in memory and semiconductor stocks and pushing the Philadelphia Semiconductor Index back into a technical bull market. (Reuters) S&P 500 fell 0.52% to 7,745.06 Dow Jones fell 0.51% to 53,459.78 Nasdaq fell 0.31% to 26,644.91 (Reuters) The 2-year U.S. Treasury yield rose around 1 bp to approximately 4.18%. The 10-year U.S. Treasury yield rose around 3 bps to approximately 4.73%; the 30-year yield briefly reached around 5.31%, its highest level since 2007. (Barron’s) ⸻ News 1) U.S.–Iran talks hit another deadlock as Trump escalates

17/08/2026 U.S. equities pulled back slightly from record highs on Friday, as weaker-than-expected retail sales and rising shipping risks in the Strait of Hormuz and the Red Sea weighed on risk sentiment. Meanwhile, the AI theme remains intact, but the market is shifting its focus from “Is there enough demand?” to “How will massive AI infrastructure be financed, powered and delivered?” S&P 500 fell 0.17% to 7,785.76 Dow Jones fell 0.20% to 53,732.41 Nasdaq fell 0.28% to 26,729.16 U.S. 2-Year Treasury yield fell ~5 bps to ~4.15% U.S. 10-Year Treasury yield fell ~5 bps to ~4.63% ⸻ News 1) Strait of Hormuz tensions escalate: U.S. and Iran clash over “control” as shipping nears a standstill * Trump said the U.S. could declare the Strait of Hormuz “U.S. territory” after defeating Iran, esca

TSLA: Stock View + FCN Structure 1. Stock View TSLA is trading around the $340 area, still inside a large multi-year triangle. The positive is that price recently tested the rising support around $295–310 and bounced, suggesting buyers are still defending the long-term uptrend. However, TSLA has not yet broken the descending resistance from its ~$499 high. Key levels: * 🟢 $295–310: Major support / attractive risk-reward * 🟡 $330–350: Current accumulation zone * 🟠 $380–400: First major resistance * 🔥 $410–430: Breakout confirmation * 🚀 $499: Previous high The DMI remains cautious: +DI: 17.0 | −DI: 34.2 | ADX: 24.9 With −DI still above +DI, selling momentum remains stronger on the weekly chart. My call: Cautiously bullish. Accumulate around current levels, add closer to $300 if support holds

Bull! Why is the AI Bull Market is Back? The market previously sold off because investors feared that AI spending was rising faster than the profits it generated. The latest earnings season has started to answer that concern: demand remains strong across almost every layer of the AI supply chain, while AI investment is increasingly translating into revenue. 1. Cloud: AI is finally being monetised Amazon, Microsoft and Alphabet reported accelerating cloud growth: * AWS revenue increased 37%, its fastest growth in 18 quarters. * Azure revenue rose 43%, while Microsoft 365 Copilot surpassed 30 million paid seats. * Google Cloud revenue surged 82%, supported by AI infrastructure and enterprise AI solutions. The market’s main concern was the enormous increase in AI capital expenditure. Higher c

14 August 2026 Softer producer inflation, falling oil prices and fading rate-hike expectations lifted technology stocks and pushed the S&P 500 to another record close, although a weak 30-year Treasury auction showed that long-term fiscal and interest-rate risks have not disappeared. S&P 500 rose 0.65% to 7,798.99 Dow Jones rose 0.13% to 53,839.99 Nasdaq rose 0.81% to 26,803.03 US 2-year Treasury yield fell approximately 6 basis points to 4.14% US 10-year Treasury yield fell approximately 5 basis points to 4.64% Market data: Reuters⁠ ⸻ News 1) US July PPI came in below expectations, while lower oil prices further reduced pressure for a September rate hike * The US Producer Price Index was unchanged month-on-month in July, below expectations for a 0.2% increase. June’s reading was r

2027 Memory Outlook: HBM/DRAM Remain Tight, While NAND Supply Eases The memory market may begin to diverge in 2027. TrendForce expects NAND Flash to remain undersupplied throughout 2026, with an estimated supply deficit of 4–5%. However, as new capacity and more advanced NAND production ramp up, supply could begin exceeding demand in the second half of 2027—particularly if smartphone and notebook demand remains weak. This does not mean NAND demand is collapsing. AI data centres continue to drive strong demand for enterprise SSDs and high-capacity storage. The concern is that supply may eventually grow faster than demand, reducing NAND manufacturers’ pricing power. Investment implications: • SK Hynix $SK hynix(SKHY)$  remains best positio

Markets Pause Near Record Highs Ahead of CPI — Is 3.4% the Pass Mark? U.S. stocks are pausing near record highs ahead of today’s July CPI report. The market expects headline inflation to ease to 3.4% year-on-year, with core inflation at 2.5%. But with expectations for a September rate hike now near 50-50, the details—not just the headline number—could determine whether the rally continues. Previous Data: Numbers and Impact * June CPI: Headline -0.4% MoM / +3.5% YoY; core 0.0% / +2.6% Impact: Lower gasoline and shelter inflation reduced rate-hike fears and supported bonds and technology stocks. * June PCE: Headline -0.1% MoM / +3.7% YoY; core +0.1% / +3.3% Impact: Monthly inflation cooled, but elevated annual PCE kept the Fed cautious. * June JOLTS: Job openings fell to 7.36 million Impact: