So far, Musk has only sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares.  Hence, short term, price will be capped

In general, US stock valuations are no longer cheap. 

The new Covid variant omicron will likely “overwhelm the whole world” in the coming months, according to a Singapore-based infectious disease doctor.While vaccines against the strain can be developed quickly, they need to be tested over three to six months to prove that they can provide immunity against the variant, Dr. Leong Hoe Nam of Mount Elizabeth Novena Hospital said Wednesday.

US politics is a major factor in the supply chain problem. Hugh number of containers are now stuck in US ports.

WHO says Omicron in 89 countries and spreading rapidly. Cases doubling every 1.5 to three days if there is community transmission but clinical severity of variant unknown. Better to exercise patience and err on the safe side

I added China SMIC into my watchlist. Should see good prospect with ongoing technological war between US and China

Wall Street on super bull since last year Covid pandemic due to massive QE and ultra low interest rate. In general, US stock evaluation is no longer cheap. I continue to build up my cash position in preparation for the next correction and to welcome back MR Bear

Last 2 years bull run, despite the Covid-19 pandemic, was mainly due to extraordinary QE and unprecedented loose monetary policy. Donald Trump had added $6.7 trillion to the national debt, an increase of 33%. Biden is planning to add $6 trillion. Such ridiculous amount of printed money is inflationary. US inflation is now at 6.8%, a record 40-year high. There no free lunch on the long run. Hope for the best and be prepared for the worst in 2022

Omicron will likely 'dominate and overwhelm' the world in 3-6 months, doctor says today. "Frankly, omicron will dominate and overwhelm the whole world in three to six months," Singapore doctor Leong Hoe Nam told CNBC's "Street Signs Asia. New vaccines targeting omicron are a "nice idea" but won't be practical because of the transmissibility of the strain, he said.Moderna CEO Stephane Bancel on Monday said it will take months to develop and ship a vaccine that specifically targets the omicron variant.Pfizer CEO Albert Bourla also said shots could be ready in less than 100 days, or slightly over three months.Leong agreed that a three-dose vaccine regimen would likely protect against severe disease, but pointed out that many countries still have low vaccination rates.

The omicron variant of the SARS-CoV-2 virus, discovered just a few weeks ago, is poised to dominate Covid-19 cases around the world. It’s a stunning new twist to the pandemic saga that has countries scrambling to prepare. In places like South Africa and the United Kingdom where omicron has been spreading fast, Covid-19 cases have doubled every three days or less. This includes people who were previously infected or vaccinated against Covid-19.

Solid reward by Top Mgt to shareholders. Tencent said on Thursday it will transfer HK$127.69 billion ($16.37 billion) worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce company to 2.3% from around 17% now. 

Nubank, the world’s biggest standalone digital bank, had more than 48 million customers across Brazil, Mexico and Colombia as of September. Berkshire invested in Nubank in June, taking a $500 million stake valuing the company at $30 billion.

FED is caught between the devil and the deep blue sea. She needs to support her political master who is only keen to flood the market with massive QE and ultra low interest rate. On the other hand, such loose monetary policy is inflationary. Expect more volatility with US July CPI hitting 5.4%, the highest in 13 years.

Already many analysts and fund managers believed the Fed is behind the curve. US inflation has consistently hit 30-year high in the last 6 months. But Fed is still insisting it is transitory

The omicron variant of the SARS-CoV-2 virus, discovered just a few weeks ago, is poised to dominate Covid-19 cases around the world. It’s a stunning new twist to the pandemic saga that has countries scrambling to prepare. In places like South Africa and the United Kingdom where omicron has been spreading fast, Covid-19 cases have doubled every three days or less. This includes people who were previously infected or vaccinated against Covid-19.

More companies are going public in 2021 than ever before mainly due to extremely loose monetary policy and governmental support. US has printed trillion and trillion of dollars in trying to fire up the economy which is badly hammered by the covid pandemic

America extreme greed in printing almost unlimited amount of money will surely come back to haunt her even with USD as global reserve currency.  Many countries are simply getting disgusted with the abuse of the US.

This is the downside of 2 years of prolonged QE and ultra loose monetary policy. Dow tumbles more than 500 points last Friday to end a volatile week, S&P 500 sheds 1%. Trading likely will remain very choppy for the rest of the year as investors grapple with falling trading volumes over the coming sessions. 

The Straits Times Index now sits just above the 3,225-point plateau. One if the worst performing markets in ASIA