Bear Bear Craig wrote a post · 2 hours ago

🏦Market outlook 7-11 Oct 2024

📰 Inflation in the US is slowing down, which is good for the economy and jobs. In September, prices likely went up just a tiny bit (0.1%), the smallest increase in three months. Over the past year, inflation is expected to be at 2.3%, the lowest since early 2021.

When you exclude things like food and energy, prices are expected to go up slightly more (0.2% for the month and 3.2% for the year). Because job growth is still strong, this lower inflation could mean the Fed might cut interest rates by a smaller amount in November.Experts think these numbers won’t change the Fed’s plans too much. Expecting 0.25 basis cut!

Banks are doing starting to do earnings call, expect round of reports to be out too:

👀: $JPMorgan (JPM.US)$ 7/10 ⭐️ $Wells Fargo & Co (WFC.US)$ 6/10 ⭐️ $Bank of New York Mellon (BK.US)$ 6/10 ⭐️ $PepsiCo (PEP.US)$ (not bank)- good for hedging against turbulence market 8/10 ⭐️ $Delta Air Lines (DAL.US)$ 3/10 ⭐️

: Excited to See how 🇨🇳 market opens tmr after golden week holiday $CSI 300 Index (000300.SH)$ $Hang Seng Index (800000.HK)$ Strong momentum should carry on despite lesser sharp climb. Consider $Alibaba (BABA.US)$ $Baidu (BIDU.US)$ $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $Futu Holdings Ltd (FUTU.US)$ the Chinese plays in view of 10/10 & stimulus announcements.

🔮: CPI/PPI report wouldn’t affect $S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ much. For $S&P 500 Index (.SPX.US)$ it should stay intact above 5700 unless surprises come in. Bullish momentum still intact consdering strong job reports last week. Range: 5710-5775. $NASDAQ 100 Index (.NDX.US)$ 19700-20300. $ProShares UltraPro QQQ ETF (TQQQ.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ will be good to have for any dips

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$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ staying above middle bollinger band for now, trend intact.

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Also, consider $Tesla (TSLA.US)$ after it dipped last week, $Apple (AAPL.US)$ to hit 230 $NVIDIA (NVDA.US)$ to resume 120-127 range. $Uranium Energy (UEC.US)$ expect to hit $8 soon.

Short term plays: $Exxon Mobil (XOM.US)$ $Occidental Petroleum (OXY.US)$ $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ good to have as hedge.

It’s about time in market, not timing the market!

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Bear Bear Craig

Hi I’m Craig. Investment Mantra: Swim with the big boys!

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