To The Moon

Gold: The Short-Term Structure On September 28, with gold trading around $4,228.615, down approximately 0.06%, my short-term view was bearish. Central-bank gold purchases and concerns about U.S. government debt remained longer-term sources of support, but a stronger dollar and elevated Treasury yields were exerting more immediate pressure on gold.$微型10年美債收益率主連 2609(10Ymain)$ $微型30年美債收益率主連 2610(30Ymain)$ $30年美債主連 2612(ZBmain)$ $10年美債主連 2612(ZNmain)$ On the 30-minute chart, gold formed a swing high near 4,318, then made a series of lower high

Oil above US$100 changes the market equation for me. The biggest issue is not simply higher petrol prices, but the chain reaction: higher energy and transport costs → higher inflation → higher-for-longer interest rates → pressure on corporate margins and equity valuations. 🟢 Potential winners: Energy Oil producers such as $Exxon Mobil (XOM)$, $Chevron (CVX)$ and $ConocoPhillips (COP)$ should generally benefit if crude remains elevated because higher realised oil prices can translate into stronger cash flow. Refiners may also benefit when refining margins are favourable. We have already seen this rotation: when Brent moved above US$100 on 9 September, the S&P 500 Energy sector gained 1.1% while every other S&P sector declined. 🟡 Technology: Strong fundamentals meet a macro headwind

The global macroeconomic landscape has decisively shifted from an era of ultra-low, zero-interest-rate policy (ZIRP) to a persistent "higher-for-longer" structural interest rate regime. In this article, we would like to share how we would navigate the higher-for-longer rate regime, with buying high yields across longer-duration fixed-income instruments while selectively buying cash-flowing, high-quality equities to avoid the risk of my cash yields dropping later. 1. The Strategic Imperative of Locking in Long-Duration Yields For years following the global financial crisis and the pandemic shock, investors grew accustomed to near-zero benchmark interest rates. Yield-seeking capital crowded into risky assets or lingered in ultra-short cash equivalents. However, the subsequent monetary tighte

Higher for Longer: How I Would Deploy $10,000 Right Now? I’ve been in the markets long enough to know that “higher for longer” is not just a slogan. When rates stay elevated longer than the market expects, the winners and losers change. My base case is that rates stay relatively high for the next 12–18 months. Inflation is sticky in services, labour markets are still tight in key areas, and central banks are in no hurry to cut aggressively. That environment favours cash flow, pricing power, and balance sheet strength over pure growth stories that need cheap money. If I had $10,000 to invest today, this is how I would allocate it: • $4,000 – U.S. financials and quality banks
Higher rates for longer means better net interest margins. I would focus on large, well-capitalised names with strong