T bill rates jumped.... 

Oh no! Bad news. The consumer price index, a key inflation gage, rose 3.5% in March, higher than expectations and marking an acceleration for inflation. I believe the rate cut won't be so fast in 2024, probably towards the end of the year.  Shelter and energy costs drove the increase on the all-items index. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago. Following the report, traders pushed the first expected rate cut out to September. A measure of underlying US inflation topped forecasts for a third straight month, heralding a fresh wave of price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year. The so-called core consumer price index, which excludes fo

With the hotter than expected April 24 released at :.5%, it shows that inflation are indeed sturbbon and I expect the PPI that is going to release tomorrow will be nothing better. FED is still very concern on high inflation rates and with great determination to bring down the inflation to a target 2%, there are still a lot of jobs to be done and I doubt things will go as smooth as 1st rates cut in June 2024, my view is, fed will keep the current fed fund rates for as long as inflations are high above 3%.  Current market are trading at all time high prices vs valuations and I strongly advise to trade with extra care as market might turn into negative territory anytime and cash is king, wait for the right time to enter will be a wiser option, good luck and take care folks.

This hot CPI print is pushing the 10-year yield over 4.5%, which is not good for risk-on names -- I think we might start seeing a rotation back into tech names that are generating significant cash flow. Bullish for $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$

This data for for fund managers to sell their current holdings  As long as earnings kept increasing, we can hold on to gold companies like Amazon, Microsoft and Google

$DJIA(.DJI)$ $NASDAQ(.IXIC)$ $S&P 500(.SPX)$ i firmly bullish on the market though CPI data may indicate inflationary pressureFOMC meeting minutes will reveal the Fed's supportive stance on the economyboosting market confidence i expect the market to respond positively to this informationwith both the stock market and bond market benefiting from clear policy guidance and optimistic economic growth expectations

TESLA DOWNGRADED AGAIN, ROBOTAXIS COMING SOON, CPI THIS WEEK, BITCOIN ABOVE 70K | MARKET OPEN

Pre-CPI Day… 4-9-24 SPY/ ES Futures, and QQQ/ NQ Futures Daily Market Analysis

Pre-CPI Nightly Video 04/09/2024 [New Buy in Utilities]

      ha ha! 

March CPI Inflation data is less than 12 hours away: Inflation has officially been above the Fed's 2% inflation target for 36 straight months. March CPI inflation is expected to be 3.4%, marking a second straight monthly increase in inflation. Inflation has not jumped for 2 straight months since September 2023. Meanwhile, Core CPI inflation is still nearly DOUBLE the Fed's long term target. A CPI hot inflation report would effectively remove any possibility of rate cuts before Q3 2024. The "Fed pivot" has quickly disappeared.

Move down then move up

*TA as of 3/4/24 Hi everyone! Today I’ll be covering a stock close to home: Sea Limited (NYSE: SE) SE was a pandemic darling with bags of promise as the stock received upgrade after upgrade. However, as the world returned to normalcy, it fell out of favour with investors. The breaking point was the time it broke its long-term trendline in May’22, as it continued to trend lower, to as low as 35 a share. From the weekly chart, it is apparent that it was trading in a falling wedge reversal pattern with lower highs and lower lows, albeit with a tightening range. It hit an inflexion point when it formed a bullish divergence pattern on the weekly, which has cumulated in a breakout from the rising wedge. On the daily chart, we can see that bearish divergence marked a short-term top, as the stock

I expect CPI and PPI will be more than expected. There will be minor dip and will normalize immediately. Fed will NOT change the stance. FOMC minutes will confirmt he dovish stance while revealing some of the directors voiced hawkish views.All in all market is waiting for few days and will bounce higher once these two events are done.

Mostly move sideways 

I believe oil prices will continue to put upward pressure on the cpi