If stock is as predicted, you could be a partner in NYC hedge funds.

GOOGL/GOOG (Alphabet) missed revenue, tanked 7% after hours.

So far, all the FAANG+M stocks have reported.

Last of the FAAN(M)G gang made it: AAPL.. up 7% today. 

Fed. Powell speaks.. uh huh. The sell off has begun for May.

Yeah, even crazy POTUS wants Fed to cut 1%. That's nuts. I think if we close below another low point by tonight, this is going to be reversal. The market always look for a reason to turn around. This Fed speak could be it, coincidental with "Sell in May" time.

All time high close on Friday but come Monday, bears should come out to play with this news that just came across the wire:

https://www.cnbc.com/2019/05/05/trump-says-...-on-friday.html

2 more days to go but I think we should hear something within 24 hours.. 

UBER IPO price set at $45.

At least not too lofty anymore.

Let see how it opens tomorrow. Bad timing for IPO but it is what it is.
Maybe it won't be like LYFT, been down since IPO.

Two years ago (early 2017), it was as high as 1USD-RM4.45 .
The ringgit fell against every major currencies. Felt a replay of 1997 crisis.

Looking at the chart, things fell into the trap door after 2015 (RM/USD spiked above 3.5).

The best lowest rate  was around 2011, 1 usd = RM3.

But, over the years, US dollar index actually has devalued due to the money printing performed by the Fed.
The balance sheet has grown from 1T to 4T in 10 years.

One has to think if Dollar has devalued, and yet the Ringgit fell against more than 20% against the Dollar, the Ringgit may have lost  over 50% of its purchasing power in the last 8-10 years. It's absolutely insane. 

Watching UBER, got some at 36.50 with 1st position on during bloodbath Monday.
Still very volatile. 

Looks like market is temporary happy again with the 90 days reprieve that Google is allow to work with Huawei to get latest updates till Aug 19.
Huawei is preparing now, perhaps going to launch add more to its China-based Playstore.  I don't own any Huawei phone but a friend of mine show
it to me. The internal Chinese-version Google Play (HiApp/AppStore) looks ok but the external google play for international market (non-Chinese) could be a problem. Also, not sure because of this ban, Google could be forced to detect and disable any of its Playstore service if it detects Huawei phone.
Although people can sideload the app but it could be a huge nuisance to non-tech users.

What you guys think?

I think AAPL will be likely targeted by the chinese govt and chinese consumers during this trade war period.
Maybe worst case scenario, sales down 25% for the year. They made 52 bln in 2018 in China, let's assume worst case only 39 bln for 2019 but everywhere revenue remains the same.

Maybe AAPL may re-visit Jan low price of $140.  This will give us another opportunity here.