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Market Summary 9th July
A lackluster testimony by Fed Chairman Powell and a few other minor triggers left the markets directionless, with the major indexes ending the day with slight gains. However, beneath the surface, it was a different story. The majority of stocks declined, and we saw an increase in net lows on both the $NASDAQ (NASDAQ.US)$ and $NYSE (NYSE.US)$. From a qualitative standpoint, it was a challenging day for the market. Several leading stocks like $NVIDIA (NVDA.US)$ and ...
A lackluster testimony by Fed Chairman Powell and a few other minor triggers left the markets directionless, with the major indexes ending the day with slight gains. However, beneath the surface, it was a different story. The majority of stocks declined, and we saw an increase in net lows on both the $NASDAQ (NASDAQ.US)$ and $NYSE (NYSE.US)$. From a qualitative standpoint, it was a challenging day for the market. Several leading stocks like $NVIDIA (NVDA.US)$ and ...
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$Reliance Global Group (RELI.US)$ Today is not very optimistic
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$SNS (0259.MY)$ Buy at the top of the mountain for 0.9
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Inflation will take the center stage again this week with PCE price index set to be released on Friday. In case you don’t know, this is the Fed’s preferred inflation gauge
Market expectation: core PCE to rise 0.1% MoM and 2.6% YoY.
$Palantir (PLTR.US)$ $CrowdStrike (CRWD.US)$ $Riot Platforms (RIOT.US)$ $iShares Bitcoin Trust (IBIT.US)$ $MARA Holdings (MARA.US)$ $Disney (DIS.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Workday (WDAY.US)$ $Peloton Interactive (PTON.US)$ $Upstart (UPST.US)$ $Block (SQ.US)$
Market expectation: core PCE to rise 0.1% MoM and 2.6% YoY.
$Palantir (PLTR.US)$ $CrowdStrike (CRWD.US)$ $Riot Platforms (RIOT.US)$ $iShares Bitcoin Trust (IBIT.US)$ $MARA Holdings (MARA.US)$ $Disney (DIS.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $Workday (WDAY.US)$ $Peloton Interactive (PTON.US)$ $Upstart (UPST.US)$ $Block (SQ.US)$