I remain a rally seller. The pair hasn't finished its retreat yet as I warned here yesterday.
Offers: 109.20-25 109.50 109.80 110.00 110.30 110.50
Bids: 108.70-75 108.50 108.30 108.00 1.0780 1.0750
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Regional banks trade at 10.5 P/E, 1.1 P/B vs S&P 500's 20.7/4.8. Yields 2.4%. Rate cuts & de-escalation could boost.
Asia stocks rally 2% on Iran war hopes; oil jumps 5%. Kospi leads gains. Investors eye quick Mideast resolution.
Costco's 10-yr return dwarfs S&P 500, but P/E of 51 signals valuation risk vs. 31 avg.
CAS Space eyes $607M IPO on STAR Market, despite 2.5B yuan losses. Reusable rocket tech aims for low-cost launches.
SPYD ETF offers a 4% yield, beating S&P 500's 1.1%. Less tech, more defensives, potential AI bubble hedge.
SFO faces 2x delays as FAA cuts arrivals 25% for runway work. Travel disruption looms.
Rosneft's profits plunge 73% on lower prices & higher costs. Reserves strong, but sanctions bite.
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