Hi all,
The markets moved higher again this week on continued optimism for a rate cut or cuts later in the year. PPI data released on Tuesday showed a tick up in inflation pressure but the CPI data which came out Wednesday showed the opposite with inflation continuing on a cooling trend.
This Wednesday will be very interesting. After the market closes, we will hear how NVDA has done over the last quarter and, more importantly, what they are guiding for earnings from now on. The AI hype has been a big factor in keeping a bid in this market. A miss (which is unlikely) will result in a sell off in a lot of the big technology names.
I remain bullish as we break out to new highs. Commodities are strong, Utilities have been on a tear with the hopes of lower rates and Staples are holding up well.
Recap Video
Sectors in Play Last Week
Key Levels for this Week
What to Watch for this Week
Earnings this week
Positions and Trades Last Week
Tracking for Potential Trades
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