To The Moon

BlackRock radically revised down its holdings in the Chinese e-commerce company, Pinduoduo as of 3Q24, from 132 million shares disclosed on Monday to 33.01 million shares revised on Tuesday , and the percentage of shares in Pinduoduo was revised from 9.5% to 2.4%, according to a US Securities and Exchange Commission filing.BlackRock trimmed its holdings in Pinduoduo to 29 million shares in 2Q24, representing a 2.1% stake. Pinduoduo's share price rallied 8.3% at one point yesterday, and closed

US Nonfarm Payrolls Actual 303k (Forecast 200k, Previous 275k)

Federal Reserve Chair Jerome Powell used his press conference Wednesday to throw cold water on market expectations that the Fed would begin to cut interest rates in March."Based on the meeting today, I would tell you that I don't think it is likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that, but that is to be seen," Powell said."So, I wouldn't call it...the most likely case, or what we would call the basecase," he