A 9% dividend yield. Debt-free. HK$457M in cash. Cut its dividend exactly once in over 20 years. This company runs Hong Kong's customs filing system and it's been quietly paying 9% year after year. [Premium]: https://growthdragons.substack.com/p/this-company-is-a-toll-booth-on-hong
Substack
This Company Is a Toll Booth on Hong Kong Imports and Exports. Pays a 9% Dividend.
It pays a dividend of about 9%.
You’ve heard of sector rotation. But have you heard of factor rotation?
One factor rotation ETF has delivered 16.56% a year since 2020, outperforming both a sector rotation ETF and the S&P 500 ETF.
Read more [Premium]: https://finbiteinsights.substack.com/p/forget-sector-rotation-factor-rotation
One factor rotation ETF has delivered 16.56% a year since 2020, outperforming both a sector rotation ETF and the S&P 500 ETF.
Read more [Premium]: https://finbiteinsights.substack.com/p/forget-sector-rotation-factor-rotation
Substack
Forget Sector Rotation. Factor Rotation Quietly Beat It, and the S&P 500 Too.
You have probably heard of sector rotation.
#USMarketUpdate
S&P 500 is little changed as chip stocks fall; traders weigh inflation data
Live updates
https://www.cnbc.com/2026/07/14/stock-market-today-live-updates.html?__source=androidappshare
S&P 500 is little changed as chip stocks fall; traders weigh inflation data
Live updates
https://www.cnbc.com/2026/07/14/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Stock futures are flat after soft inflation reading lifts market: Live updates
Stocks climbed Tuesday after a cooler-than-expected inflation report bolstered hopes that the Fed may not need to raise interest rates as aggressively.
#USMarketUpdate
Wall St ends higher on cool inflation data, strong earnings | Reuters
SUMMARY
Indexes up: Dow 0.29%, S&P 500 0.38%, Nasdaq 0.62%June Producer Prices post unexpected monthly dropBlackRock gains after Q2 profit beatPayPal soars after report of buyout offer
NEW YORK, July 15 (Reuters) - Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.
All three major stock indexes closed modestly higher despite weakness in semiconductors, with consumer-focused retail (.SPXRT), opens new tab and travel/leisure (.SPCOMHOTL), opens new tab clear outperformers.
PayPal (PYPL.O), opens new tab surged 17.2% after sources told Reuters that Stripe and private equity firm Advent International have jointly offered to acquire it for $60.50 per share — representing around a 28% premium to its Tuesday close.
A second day of solid bank earnings added momentum to an auspicious beginning to second-quarter reporting season.
BlackRock (BLK.N), opens new tab and Morgan Stanley (MS.N), opens new tab both beat quarterly profit expectations. BlackRock shares advanced 6.6%, while Morgan Stanley ended the session up 0.4%...
Among the 11 major sectors in the S&P 500, communication services (.SPLRCL), opens new tab advanced the most, while utility stocks (.SPLRCU), opens new tab suffered the largest percentage drop...
https://www.reuters.com/business/wall-st-futures-edge-up-with-earnings-focus-paypal-jumps-2026-07-15/
Wall St ends higher on cool inflation data, strong earnings
https://www.straitstimes.com/business/companies-markets/wall-st-ends-higher-on-cool-inflation-data-strong-earnings
Wall St ends higher on cool inflation data, strong earnings | Reuters
SUMMARY
Indexes up: Dow 0.29%, S&P 500 0.38%, Nasdaq 0.62%June Producer Prices post unexpected monthly dropBlackRock gains after Q2 profit beatPayPal soars after report of buyout offer
NEW YORK, July 15 (Reuters) - Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.
All three major stock indexes closed modestly higher despite weakness in semiconductors, with consumer-focused retail (.SPXRT), opens new tab and travel/leisure (.SPCOMHOTL), opens new tab clear outperformers.
PayPal (PYPL.O), opens new tab surged 17.2% after sources told Reuters that Stripe and private equity firm Advent International have jointly offered to acquire it for $60.50 per share — representing around a 28% premium to its Tuesday close.
A second day of solid bank earnings added momentum to an auspicious beginning to second-quarter reporting season.
BlackRock (BLK.N), opens new tab and Morgan Stanley (MS.N), opens new tab both beat quarterly profit expectations. BlackRock shares advanced 6.6%, while Morgan Stanley ended the session up 0.4%...
Among the 11 major sectors in the S&P 500, communication services (.SPLRCL), opens new tab advanced the most, while utility stocks (.SPLRCU), opens new tab suffered the largest percentage drop...
https://www.reuters.com/business/wall-st-futures-edge-up-with-earnings-focus-paypal-jumps-2026-07-15/
Wall St ends higher on cool inflation data, strong earnings
https://www.straitstimes.com/business/companies-markets/wall-st-ends-higher-on-cool-inflation-data-strong-earnings
Job market improves in parts of the country as labor shortages emerge: Beige Book
https://finance.yahoo.com/economy/article/job-market-improves-in-parts-of-the-country-as-labor-shortages-emerge-beige-book-202139211.html
https://finance.yahoo.com/economy/article/job-market-improves-in-parts-of-the-country-as-labor-shortages-emerge-beige-book-202139211.html
Yahoo Finance
Job market improves in parts of the country as labor shortages emerge: Beige Book
The labor market appears to be picking up steam in some parts of the country, according to the Federal Reserve's latest Beige Book.
Apple, Goldman Sachs, and Chevron are powering the Dow — for wildly different reasons: AlphaCheck
https://finance.yahoo.com/markets/article/apple-goldman-sachs-and-chevron-are-powering-the-dow--for-wildly-different-reasons-alphacheck-181535203.html
https://finance.yahoo.com/markets/article/apple-goldman-sachs-and-chevron-are-powering-the-dow--for-wildly-different-reasons-alphacheck-181535203.html
Yahoo Finance
Apple, Goldman Sachs, and Chevron are powering the Dow — for wildly different reasons: AlphaCheck
The Dow has barely budged in July. Its leaders have broken away.
Strait of Hormuz oil shipments fall toward pre-peace deal levels as war reignites
https://finance.yahoo.com/markets/article/strait-of-hormuz-oil-shipments-fall-toward-pre-peace-deal-levels-as-war-reignites-172923974.html
https://finance.yahoo.com/markets/article/strait-of-hormuz-oil-shipments-fall-toward-pre-peace-deal-levels-as-war-reignites-172923974.html
Yahoo Finance
Strait of Hormuz oil shipments fall toward pre-peace deal levels as war reignites
Oil flows through the Strait of Hormuz had begun a solid recovery under the US-Iran deal. But that progress is quickly reversing.
BlackRock crosses $15 trillion in assets under management as Larry Fink hails 'strong' market fundamentals
https://finance.yahoo.com/markets/stocks/article/blackrock-crosses-15-trillion-in-assets-under-management-as-larry-fink-hails-strong-market-fundamentals-142829372.html
https://finance.yahoo.com/markets/stocks/article/blackrock-crosses-15-trillion-in-assets-under-management-as-larry-fink-hails-strong-market-fundamentals-142829372.html
Yahoo Finance
BlackRock crosses $15 trillion in assets under management as Larry Fink hails 'strong' market fundamentals
BlackRock crossed $15 trillion in assets under management in the second quarter.
PayPal co-founder and Affirm CEO details his 'very high bar' for M&A
https://finance.yahoo.com/markets/article/paypal-co-founder-and-affirm-ceo-details-his-very-high-bar-for-ma-135724022.html
https://finance.yahoo.com/markets/article/paypal-co-founder-and-affirm-ceo-details-his-very-high-bar-for-ma-135724022.html
Yahoo Finance
PayPal co-founder and Affirm CEO details his 'very high bar' for M&A
Words of wisdom from an OG in tech.
One chart reveals why investors are concerned about earnings from Microsoft, Amazon, and other hyperscalers
https://finance.yahoo.com/markets/article/one-chart-reveals-why-investors-are-concerned-about-earnings-from-microsoft-amazon-and-other-hyperscalers-133720503.html
https://finance.yahoo.com/markets/article/one-chart-reveals-why-investors-are-concerned-about-earnings-from-microsoft-amazon-and-other-hyperscalers-133720503.html
Yahoo Finance
One chart reveals why investors are concerned about earnings from Microsoft, Amazon, and other hyperscalers
The hyperscalers are under pressure to show results from their AI spending.
China Is Preparing For $38,000 Gold
#AndreiJikh.
This video explores the global shift toward gold as a reserve asset, driven by significant buying behavior from China and shifting US economic policies.
Key Takeaways
China's Pivot to Gold: China has been aggressively accumulating gold, with the People's Bank of China buying for 20 consecutive months (1:12).
Additionally, retail investors have moved massive amounts of capital into gold ETFs, making them the largest component of retail holdings in the country (0:33).
Hamiltonian Economics: The video discusses a return to Alexander Hamilton’s economic philosophy—emphasizing national industrial capacity, tariffs, and subsidies—as suggested by US Treasury Secretary Scott Bessent (2:56, 14:03).
The Global Balancing Act: The central argument is that the world economy needs a neutral reserve asset to balance trade imbalances, similar to what John Maynard Keynes proposed in 1944. Andrei Jikh presents the theory that for the global trade system to recalibrate, gold may need to reach a price of approximately $38,000 per ounce (3:15, 25:46).
De-financialization: The US is described as moving away from a financialized, debt-based system toward one focused on re-industrialization, a transition that requires the dollar to potentially weaken or adjust against gold as the ultimate
https://youtu.be/dFjvcY9Tth0?is=EvZMlXlXflfH1zSa
#AndreiJikh.
This video explores the global shift toward gold as a reserve asset, driven by significant buying behavior from China and shifting US economic policies.
Key Takeaways
China's Pivot to Gold: China has been aggressively accumulating gold, with the People's Bank of China buying for 20 consecutive months (1:12).
Additionally, retail investors have moved massive amounts of capital into gold ETFs, making them the largest component of retail holdings in the country (0:33).
Hamiltonian Economics: The video discusses a return to Alexander Hamilton’s economic philosophy—emphasizing national industrial capacity, tariffs, and subsidies—as suggested by US Treasury Secretary Scott Bessent (2:56, 14:03).
The Global Balancing Act: The central argument is that the world economy needs a neutral reserve asset to balance trade imbalances, similar to what John Maynard Keynes proposed in 1944. Andrei Jikh presents the theory that for the global trade system to recalibrate, gold may need to reach a price of approximately $38,000 per ounce (3:15, 25:46).
De-financialization: The US is described as moving away from a financialized, debt-based system toward one focused on re-industrialization, a transition that requires the dollar to potentially weaken or adjust against gold as the ultimate
https://youtu.be/dFjvcY9Tth0?is=EvZMlXlXflfH1zSa
YouTube
China Is Preparing For $38,000 Gold
China Is Buying A Lot Of Gold
► Taking care of your health just got easier, thanks to my sponsor Zocdoc - start here at: https://zocdoc.com/andrei
► Premium Membership (extra videos, early access): https://www.youtube.com/channel/UCGy7SkBjcIAgTiwkXEtPnYg/join…
► Taking care of your health just got easier, thanks to my sponsor Zocdoc - start here at: https://zocdoc.com/andrei
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👍1
Apple gets approval for iPhone AI in China with Alibaba, Baidu
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-gets-approval-iphone-ai-china-alibaba-baidu
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-gets-approval-iphone-ai-china-alibaba-baidu
The Business Times
Apple gets approval for iPhone AI in China with Alibaba, Baidu
The approval gives it a boost in the world’s most competitive smartphone market Read more at The Business Times.
#MarketMind
TRADING DAY
Price pressures keep coolin' | Reuters
July 15 (Reuters) - U.S. bond yields fell on Wednesday after another snapshot of U.S. inflation in June came in softer than expected, easing pressure on the Federal Reserve to raise interest rates, while strong profits and potential M&A activity also supported stocks.
In my column today, I look at why Fed Chair Kevin Warsh can't afford to get complacent on inflation, despite the downside surprises in June's CPI data...
Today's Talking Points
* China crisis?
The latest official economic data from China shows why Beijing is putting such reliance on exports. Domestic investment and lending in June fell well short of expectations, suggesting the country's deleveraging is far from over. Q2 GDP was a big miss — growth slowed to 4.3% from 5.0%, the slowest pace in more than three years.
Were it not for strong exports, especially chips and autos, the broader growth outlook would be even bleaker. Should Beijing be doing more to fire up domestic demand, like slashing interest rates or launching large-scale fiscal stimulus? If the economic malaise continues, it may have to.
* U.S. banks in fine fettle
Most of the big U.S. banks have reported Q2 earnings, and it's safe to say Wall Street is in rude health. Combined net income from five banks — JPMorgan, Goldman, Citi, BofA and Morgan Stanley — topped $50 billion in the April-June period, driven by strong trading, IPO underwriting and dealmaking.
The big asset managers are in good shape too, with BlackRock's AUM surging to a record $15 trillion. Little wonder U.S. financials are ripping higher, now up 20% from the March low to a fresh record high on Wednesday.
* TICking the box
Foreigners can't stay away from U.S. stocks and bonds. The latest U.S. Treasury International Capital (TIC) flows data show net foreign purchases of U.S. assets in May totaled $232.7 billion, more than double April's figure and the third-highest month on record.
About half of that flowed into equities, and once again, private sector investors accounted for almost all overseas demand for U.S. assets. Tech sector tremors wobbled Wall Street in June, so it will be interesting to see if that affected foreign demand. On the whole, though, nobody wants to be missing out on the U.S. AI-driven rally.
What could move markets tomorrow?
TSMC earnings (Q2)
South Korea interest rate decision
U.S. Philly Fed business index (July)
U.S. Federal Reserve officials scheduled to speak include Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, and Vice Chair Philip Jefferson
U.S. earnings
https://www.reuters.com/commentary/reuters-open-interest/global-markets-trading-day-graphic-2026-07-15/
TRADING DAY
Price pressures keep coolin' | Reuters
July 15 (Reuters) - U.S. bond yields fell on Wednesday after another snapshot of U.S. inflation in June came in softer than expected, easing pressure on the Federal Reserve to raise interest rates, while strong profits and potential M&A activity also supported stocks.
In my column today, I look at why Fed Chair Kevin Warsh can't afford to get complacent on inflation, despite the downside surprises in June's CPI data...
Today's Talking Points
* China crisis?
The latest official economic data from China shows why Beijing is putting such reliance on exports. Domestic investment and lending in June fell well short of expectations, suggesting the country's deleveraging is far from over. Q2 GDP was a big miss — growth slowed to 4.3% from 5.0%, the slowest pace in more than three years.
Were it not for strong exports, especially chips and autos, the broader growth outlook would be even bleaker. Should Beijing be doing more to fire up domestic demand, like slashing interest rates or launching large-scale fiscal stimulus? If the economic malaise continues, it may have to.
* U.S. banks in fine fettle
Most of the big U.S. banks have reported Q2 earnings, and it's safe to say Wall Street is in rude health. Combined net income from five banks — JPMorgan, Goldman, Citi, BofA and Morgan Stanley — topped $50 billion in the April-June period, driven by strong trading, IPO underwriting and dealmaking.
The big asset managers are in good shape too, with BlackRock's AUM surging to a record $15 trillion. Little wonder U.S. financials are ripping higher, now up 20% from the March low to a fresh record high on Wednesday.
* TICking the box
Foreigners can't stay away from U.S. stocks and bonds. The latest U.S. Treasury International Capital (TIC) flows data show net foreign purchases of U.S. assets in May totaled $232.7 billion, more than double April's figure and the third-highest month on record.
About half of that flowed into equities, and once again, private sector investors accounted for almost all overseas demand for U.S. assets. Tech sector tremors wobbled Wall Street in June, so it will be interesting to see if that affected foreign demand. On the whole, though, nobody wants to be missing out on the U.S. AI-driven rally.
South Korea
U.S. Philly Fed business index (July)
U.S. Federal Reserve officials scheduled to speak include Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, and Vice Chair Philip Jefferson
U.S. earnings
https://www.reuters.com/commentary/reuters-open-interest/global-markets-trading-day-graphic-2026-07-15/
❤1
Morning Briefing: Top stories from The Straits Times on July 16, 2026
https://str.sg/7pWy
https://str.sg/7pWy
The Straits Times
Morning Briefing: Top stories from The Straits Times on July 16, 2026
You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
US Mint will produce $1 coin with Trump’s image, Treasury Secretary says
https://www.straitstimes.com/world/united-states/us-mint-will-produce-1-coin-with-trumps-image-treasury-secretary-says
https://www.straitstimes.com/world/united-states/us-mint-will-produce-1-coin-with-trumps-image-treasury-secretary-says
The Straits Times
US Mint will produce $1 coin with Trump’s image, Treasury Secretary says
The design also features the words "Liberty", "In God We Trust" and "1776-2026" on the front. Read more at straitstimes.com. Read more at straitstimes.com.
China tops US in global favourability for first time: Pew survey
https://www.straitstimes.com/world/united-states/china-tops-us-in-global-favourability-for-first-time-pew-survey
https://www.straitstimes.com/world/united-states/china-tops-us-in-global-favourability-for-first-time-pew-survey
The Straits Times
China tops US in global favourability for first time: Pew survey
A Pew survey reveals that China is now viewed more positively than the US globally, a significant shift in international perception. Read more at straitstimes.com. Read more at straitstimes.com.
#HKMarketUpdate
<Full-day Takeaway>HSI Up 327 pts; HSTI Up 93 pts; XIAOMI Up over 6%; MEITUAN Up over 4%; BABA Up over 3%; HSBC HOLDINGS, ABLE DIGITAL Hit New Highs; Market Turnover Rises
2026/07/16 16:12 GMT+08
At close, HSI rose 327 pts or 1.3% to 25,008. HSTI rose 93 pts or 2.0% to 4,834. HSCEI gained 133 pts or 1.6% to 8,318. Market turnover reached $322.89 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533664/top-news/AAFN
<Full-day Takeaway>HSI Up 327 pts; HSTI Up 93 pts; XIAOMI Up over 6%; MEITUAN Up over 4%; BABA Up over 3%; HSBC HOLDINGS, ABLE DIGITAL Hit New Highs; Market Turnover Rises
2026/07/16 16:12 GMT+08
At close, HSI rose 327 pts or 1.3% to 25,008. HSTI rose 93 pts or 2.0% to 4,834. HSCEI gained 133 pts or 1.6% to 8,318. Market turnover reached $322.89 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533664/top-news/AAFN
#HKMarketUpdate
<H Shrs>HSI Finishes Up 327 pts, Reclaims 25,000 Mark; XIAOMI-W Rebounds 6%+; XL2CSOPSMSN, XL2CSOPHYNIX Slide ~20%
2026/07/16 16:44 GMT+08
The HSI closed at 25,008, up 327 pts or 1.33%, with market turnover reaching HKD322.892 billion. The HSTECH closed at 4,834, up 93 pts or 1.98%. The HSCEI closed at 8,318, up 133 pts or 1.63%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533678/top-news/AAFN
<H Shrs>HSI Finishes Up 327 pts, Reclaims 25,000 Mark; XIAOMI-W Rebounds 6%+; XL2CSOPSMSN, XL2CSOPHYNIX Slide ~20%
2026/07/16 16:44 GMT+08
The HSI closed at 25,008, up 327 pts or 1.33%, with market turnover reaching HKD322.892 billion. The HSTECH closed at 4,834, up 93 pts or 1.98%. The HSCEI closed at 8,318, up 133 pts or 1.63%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533678/top-news/AAFN
#HKMarketUpdate
Hong Kong Stocks End Higher on Strength in Tech — Market Talk
Jul 16, 2026, 16:32 GMT+8
https://www.tradingview.com/news/DJN_DN20260716001999:0/
Hong Kong Stocks End Higher on Strength in Tech — Market Talk
Jul 16, 2026, 16:32 GMT+8
https://www.tradingview.com/news/DJN_DN20260716001999:0/
TradingView
News by Dow Jones Newswires on TradingView, 2026-07-16
#SgMarketUpdate
Singapore stocks fall amid mixed regional showing; STI down 0.4%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-amid-mixed-regional-showing-sti-down-0-4
Singapore stocks fall amid mixed regional showing; STI down 0.4%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-amid-mixed-regional-showing-sti-down-0-4
The Business Times
Singapore stocks fall amid mixed regional showing; STI down 0.4%
Hongkong Land leads the gainers on the blue-chip index Read more at The Business Times.