Fed Fund Futures Are Expecting Rate Cuts

🚨 🚨 Fed funds futures now price a likelihood that over the next six meetings of the Federal Open Market Committee, from now until January, we’ll see the equivalent of five 25-basis-point cuts to the rate (and plenty of other, more liquid markets are making much the same implicit prediction)
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UOB—Big Time Has Arrived

🇸🇬 🇸🇬 UOB to invest over $500 mil to build new global technology and innovation centre in Punggol
UOB is the only Singapore bank that has standardised its regional technology platform across Asean
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MAS—Largest Buyer Of Gold

🇸🇬 🇸🇬 MAS tops the list of reported gold buyers in 1Q2023: WGC report
MAS bought 69 tonnes — the first increase in the central bank’s gold reserves since June 2021
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Buffett: I Know Where Apple Is Going To Be …..

🚨 🚨 Warren Buffett: I know where Apple is going to be in 5 or 10 years, but not car companies
Buffett says Apple is different — it is ‘a better business than any we own’
He added that the iPhone’s status among consumers makes it an “extraordinary product,” making him very happy to own a stake in the stock
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Berkshire Now Has A Cash Hoard Of $130B

🚨 🚨 Berkshire Hathaway posted an almost 13% gain in operating earnings to $8.07 billion for the first quarter, powered by its insurance underwriting businesses including auto-insurer Geico
Profit from insurance underwriting came in at $911 million, up sharply from $167 million a year prior. Insurance investment income also jumped 68% to $1.969 billion from $1.170 billion
Berkshire’s cash hoard also swelled to $130.616 billion from $128 billion in the fourth quarter of 2022
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Apple Goes Into Webtoons

🚨 🚨 Apple Quietly Taps Korean Web Comics to Revive its Books App
Whats The Deal? The Cupertino, California-based firm signed a three-year exclusive contract with South Korean startup Kenaz in December to supply online comics known as webtoons. The new content was rolled out in Japan last month and will expand to cover all 51 countries where Books is available
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Fed Pause? Watch Inflation This Week

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India: The Bull Is Awakening

🇮🇳 🇮🇳 Global funds have bought a net about $2.5 billion of Indian shares this quarter. The iShares MSCI India ETF has climbed 9.50% since Mar and High Networth Investors can buy this 5% below market. Talk To Us Now: bit.ly/AlgoTrader
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Regional Banks: Hedge Fund Is Buying One Of Them

🚨 🚨 As the market runs from US Regional banks, a hedge fund has been buying shares of a a regional bank that has the best deposit franchises in banking
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