Jerry Lin
The Latest
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An Unexpected Rally: US Stocks Thrive Amid High Interest Rates, Forecasting a Stronger Underbelly
Closing the first half of the year on a high note, the US stock market has made surprising gains amidst high-interest rates, signaling a comprehensive improvement in market sentiment. 
Closing the first half of the year on a high note, the US stock market has made surprising gains amidst high-interest rates, signaling a comprehensive improvement in market sentiment. -
Bitcoin Dives 6% as SEC Returns Spot Bitcoin ETF Applications Citing 'Lack of Clarity'
On Friday, June 30, inside sources informed the media that the U.S. Securities and Exchange Commission (SEC) has returned spot Bitcoin exchange-traded fund (ETF) applications submitted by major asset management companies via the exchanges. The reason cited was a lack of clarity, completeness, and precision in the submitted materials. 
On Friday, June 30, inside sources informed the media that the U.S. Securities and Exchange Commission (SEC) has returned spot Bitcoin exchange-traded fund (ETF) applications submitted by major asset management companies via the exchanges. The reason cited was a lack of clarity, completeness, and precision in the submitted materials. -
Saudi Arabia to Extend Voluntary Oil Production Cuts Amid Global Market Pressures
A recent media survey indicates that nearly all traders and analysts anticipate Saudi Arabia's additional voluntary oil production cut of 1 million barrels per day will continue until at least August. Several representatives of the OPEC+ nations have suggested that while Saudi Arabia's decision might be unpredictable, an extension of the production cut seems plausible. 
A recent media survey indicates that nearly all traders and analysts anticipate Saudi Arabia's additional voluntary oil production cut of 1 million barrels per day will continue until at least August. Several representatives of the OPEC+ nations have suggested that while Saudi Arabia's decision might be unpredictable, an extension of the production cut seems plausible. -
Nvidia on a Roll! Makes Triple Investment in Generative AI Unicorns, Boosts TSMC's 5nm Production
Nvidia is having a strong year, both in the first half and particularly this week. Amid the new surge of interest in generative AI, Nvidia has become one of the hottest stocks, with a soaring 185% increase in its share price this year, pushing the company's market value over the $1 trillion threshold and placing it far ahead in the hardware race for generative AI and large model research and development. 
Nvidia is having a strong year, both in the first half and particularly this week. Amid the new surge of interest in generative AI, Nvidia has become one of the hottest stocks, with a soaring 185% increase in its share price this year, pushing the company's market value over the $1 trillion threshold and placing it far ahead in the hardware race for generative AI and large model research and development. -
Market Overview: Robust Economic Data Fuels Expectation of Dual Rate Hikes, Stocks Fluctuate amid Rising Treasury Yields
The U.S. economy exhibited further signs of resilience as the growth rate for Q1 GDP was significantly revised upward, driven by strong consumer spending. Meanwhile, the inflation indicator PCE price index for the same quarter was marginally revised downward, contrary to initial predictions that it would remain stable. 
The U.S. economy exhibited further signs of resilience as the growth rate for Q1 GDP was significantly revised upward, driven by strong consumer spending. Meanwhile, the inflation indicator PCE price index for the same quarter was marginally revised downward, contrary to initial predictions that it would remain stable. -
Brainard Predicts U.S. Inflation Could Drop to 2% by Year's End with Current Policies
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. 
On Thursday, June 29, Lael Brainard, President Biden's Chief Economic Advisor and the Director of the National Economic Council, said that the U.S. inflation data should improve in the second half of the year and likely drop to around 2% by the time of the November 2024 elections. -
Shein Denies Rumors of U.S. IPO Despite Media Reports
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). 
Online fashion retailer Shein, reportedly valued over $60 billion, denied rumors that the company is planning to go public in the United States, according to a company spokesperson's email. This follows media reports suggesting that the Chinese company had filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). -
Robust Consumer Spending Fuels Surprising First-Quarter U.S. GDP Growth
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. 
In an unexpected turn of events, the U.S. economy's annual growth rate for the first quarter of 2023 has been revised upwards by 0.7%, to a solid 2%, exceeding market expectations of 1.4%, according to final data from the U.S. Department of Commerce, published on June 29. -
Major Central Banks Tighten Grip: More Monetary Contractions Ahead
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. 
At a forum hosted by the European Central Bank, including the leaders of the Federal Reserve, European Central Bank, Bank of England, Banque de France, and Bank of Japan, the heads of central banks all indicated the possibility of further monetary tightening. -
Potential New U.S. Chip Sanctions Against China Weighs Down Nvidia's Stock
According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks. According to a report from Reuters, unnamed sources cited by the Wall Street Journal on June 27 suggested that the Biden administration is considering implementing new sanctions on exports of artificial intelligence chips to China. The rationale behind this potential action arises from concerns that China might use these chips, produced by Nvidia and other companies, for weapons development and cyberattacks.
