To The Moon

CPI Fueled Stock Market Rally, Bearish Signals Ignored by SPX and NDX, not by DJI and Small CapsStrong fundamentals and falling interest rates have further fueled the tech rally. However, other sectors are not exhibiting the same bullish momentum. $S&P 500(.SPX)$ to the moon!.. Right?CPI gave a bullish direction to the stock market this week. The news was so positive that overbought oscillators and Bollinger Bands seemed meaningless to price action. Remember a similar situation not long ago when $NVIDIA Corp(NVDA)$ soared, and I mentioned that its exceptional revenue growth (over 260%) mirrored the stock's remarkable rise.I devised a special publication for everyone (free), providing charts related wi

On Mon, 10 Jun 2024, $Morgan Stanley(MS)$ CEO Ted Pick said that a higher-for-longer interest rates are "good for business." at a financial services conference hosted by it’s Research division. Mr Pick felt it is good for business mainly because Morgan Stanley’s management team have spent a lot of time refining the strategy. With the FOMC June 2024 meeting officially over, Mr Jerome Powel and team have confirmed that Fed funds rate remained status quo for another month. More importantly, US central bank has confirmed a single interest cut in 2024 due to: A string of sticky inflation readings during Q1 2024, and Surprisingly strong economic data. Current rate path presents a conundrum for many banks that: Rely heavily on the spread between what they