The US consumer price index (CPI) report for August 2023 came in higher than Wall Street expectations (see below). August inflation reading came in at 3.7% YoY. This is +0.1% higher than Wall Street expectation of 3.6%. What has been alarming is that it is +0.5% higher than July’s reading of 3.2%. Gasoline was the largest contributor to monthly inflation rise, accounting for > 50% of the jump. It spooked the US market to a certain extent. However, if we looked at August 2023 Core CPI, (less Energy & Food), its a different picture. Core CPI came in at 4.3% YoY, inline with market expectations. The better news is that it is 0.4% lower than July’s reading. The Fed is likely to refer this reading instead of the CPI YoY. The CME Fedwatch tool forecast of interest rate remaining sta
If you were to guess which stock investors are most focused on, which one would you choose? TSLA!Whether it's because of TSLA stock's inherent high volatility and potential short-term gains, its representation of the fusion of technology and automobiles in a new-tech giant, or the halo effect of CEO Musk, TSLA has consistently managed to capture investors' ongoing attention.TSLA surged by 10% yesterday, so let's now take a look at how investors are faring!Congratulations to @Tanjiro for reaping a profit of $3,796 through stock trading. Congratulations to @TigerOptions who achieved an impressive 34.82% in stock returns.Why do investors like trading Tesla?Volatility: TSLA stock is kn
With a staggering 72% surge in its stock price, investors are left both exhilarated and perplexed. But is this meteoric rise of $Aurora Cannabis Inc(ACB)$ justified, or are we simply riding the waves of legalization rumors? Aurora Coast Grow Room A glimmer of hope for Aurora Cannabis comes from its resolution of the convertible notes issue. The company has taken steps to alleviate its interest burden by swapping some notes for stock. While this move undoubtedly aids in tidying up the capital structure, it alone might not warrant the stock's 18% leap. So, what's fueling this rapid ascent? Joe Biden's alleged backing for the movement The buzz around cannabis legalization is a significant driver. Talks of possible federal legalization have been gainin
$Alphabet(GOOG)$, the search engine giant, is currently facing one of the most significant legal challenges in its history – a 10-week antitrust trial that has the potential to reshape the tech industry and impact Google's stock price. This trial, which began in a Washington D.C. federal courtroom, is reminiscent of the landmark case against $Microsoft(MSFT)$ in the late 1990s, and it could have far-reaching consequences for Google's dominance in the online search market and its stock performance. The Antitrust Battle The U.S. Justice Department, along with dozens of state attorneys general, is alleging that Google has abused its market power in the online search industry. They a