To The Moon

(Reuters) - $GlobalFoundries Inc (GFS)$ and $STMicroelectronics(STM)$ will announce on Monday plans to build a semiconductor factory in France for an investment of nearly 4 billion euros, as part of Europe's efforts to boost its independence in microchips, Le Figaro reported on Sunday.This would help support a push from the European Commission to produce 20% of the world's microchips in Europe by 2030.The investment is expected to be announced during the fifth edition of the President Emmanuel Macron's "Choose France" summit to be held on Monday in Versailles.STMicro declined to comment.A snapback in demand for products ranging from smartphones to cars, following a slump caused by the coronavirus pandemic, has di

Canada Index (TSX) Needs One Wave Down To End A Double CorrectionJuly 3, 2022ByEWFLuisThe S&P/TSX is a major stock market index which tracks the performance of largest companies by market capitalization on the Toronto Stock Exchange in Canada. It is a free float market capitalization weighted index. The index covers approximately 95 percent of the Canadian equities market. The S&P/Toronto Stock Exchange Composite Index has a base value of CAD1000 as of January 1, 1975.TSX Daily Chart July 1rt 2022The Canadian TSX index ended an impulse from the March 2020 lows and It is correcting this cycle. The pullback has taken the form of a double correction. This means that the market must make 7 swings to complete the whole structure. (If you want to learn more about Elliott Wave Theory