To The Moon

Major indices moved lower on Thursday (14 Nov) with losses across the board.We saw S&P 500 went down by 0.60%, NASDAQ declined 0.64% and DJIA dropped 0.47%, while Russell 2000 underperformed with a 1.4% loss. This sluggish stretch for the U.S. stock market continued after a big post-election rally. The selling was driven by normal consolidation efforts after a significant run in equities following the election. Despite the losses, the Russell 2000 remains 3.4% higher than its close before the election results. Economic Data On Thursday Morning Fuel Ongoing Profit-Taking Activity Thursday morning’s economic data like the wholesale prices and jobless claims which came in largely as expected. October Producer Price Index (PPI) indicated rising inflation at the wholesale level, while weekl

On Thursday (14 Nov), stocks experienced a slight pullback, with the S&P 500 closing 0.60% lower. The market has continued to fluctuate after its record-breaking rally fueled by the presidential election and an FOMC interest rate cut. Probabilities For Dec Rate Cut Of 25 Basis Point Drop Significantly Data on Thursday (14 Nov) Morning on wholesale prices and jobless claims came in largely as expected. Federal Reserve Chair Jerome Powell, in his first appearance since the central bank cut its benchmark rate last week, expressed confidence inflation would continue to decline toward the Fed's target, but that the path would be "sometimes bumpy." The economy, he added, "is not sending any signals that we need to be in a hurry to lower rates." If we looked at the FedWatch, the probabilities

$Walt Disney(DIS)$ recently reported its fiscal fourth-quarter earnings, narrowly beating analyst expectations. The entertainment giant posted adjusted earnings per share (EPS) of $1.14, surpassing the forecast of $1.10. Revenue came in at $22.57 billion, slightly above the expected $22.45 billion. Although these numbers suggest a modest improvement, my analysis suggests that the underlying issues with Disney remain unresolved, making it a challenging investment prospect moving forward. Disney’s entertainment segment showed impressive growth this quarter, with revenue increasing by 14% year over year to $10.83 billion. The company capitalized on a strong box office performance over the summer, led by Pixar’s Inside Out 2, which became the highest-g

The consumer price index (CPI) inflation report that caused US market to stir on Tue, 12 Nov 2024 has come and went. True to form, the October 2024 data was mostly in lined with market consensus. Is that a good thing ? CPI October 2024. Headline inflation. MoM : came in at 0.2% vs analysts’ forecast of 0.2% vs September data of 0.2%. Status quo. Annual: came in at 2.6% vs analysts’ forecast of 2.6% vs September data of 2.4%. Up by +0.2%. (see above) Core inflation. MoM : came in at 0.3% vs analysts’ forecast of 0.3% vs September data of 0.3%. Status quo. Annual: came in at 3.3% vs analysts’ forecast of 3.3% vs September data of 3.3%. Status quo. (see above) CPI Components. Below are the main CPI components that keep inflation elevated, longer than expected. Shelter. Index that carries abou

Shares of $SoFi Technologies Inc.(SOFI)$ have come roaring back, posting a remarkable +105.85% gain over the past 3 months. (see below) In comparison, the broader S&P 500 Index $.SPX(.SPX)$ managed a +12.8% gain over the same period.  SoFi experienced a pullback, despite reporting impressive Q3 2024 earnings. This could be a buying opportunity for investors. SoFi’s (a) stellar financials and (b) shift toward an asset-light business model suggest that this upward momentum will likely continue. What are the catalysts driving SoFi’s growth and why there may still be room for further gains. (1) Interest Rate Cuts - SoFi’s Key Tailwind ? US’s central bank 2 recent interest cut are a major factor drivi