To The Moon

US market continued to rally to a new high, in part fueled by the 2 sets of official data released. When market closed on Thu, 13 July 2023: (see above) DJIA: +0.14 (+47.71 to 34,395.14). S&P 500: +0.85% (+37.88 to 4,510.04). Nasdaq: +1.58% (+219.61 to 14,138.57). Excelled again. The 2 sets of official data that help to fuel US market’s rally: Producer Price Index (PPI). US Weekly Jobless Claims. US June 2023’s PPI came in at 0.1%, way below the expected forecast 0.4%. It is also lower than last month’s 0.9%. US PPI has been falling consistently from Jan 2023 to Jun 2023 (latest). Unemployment claims fell to 237,000 versus 249,000 (previous week) and against Wall Street expected 250,000. Week to week jobless claims have not been consistently on the decline. The heavy weight stocks releasing their Q2 2023 results are: $JPMorgan Chase(JPM)$ - bank. $Wells Fargo(WFC)$ - bank. $Citigroup(C)$ - bank. $UnitedHealth(UNH)$ - healthcare. Question on everyone’s mind I guess will be, “will they or won’t they be able to hand in a stellar report card to further boost the market’s rally. The banks’ performances for the past few days have been nothing short of “spectacular”: JP Morgan Wells Fargo Citibank All 3 banks have gained between +2.61% and +4.02% in their stock price. Amidst the market rally. Today will be the litmus test to see if they would be able to further this advance when they report their Q2 quarter earnings results. Separately, United Health group will also be reporting their Q2 performances. It is the the world's eleventh-largest company by revenue. It is the largest healthcare company by revenue. It is the largest insurance company by net premiums. This explains why it is ranked #1 in the Dow Jones index with the highest weight of 8.575993. How I See The US Market Today: I believed the US market will continue its rally. As it is the last trading day of the week, the upside will be “limited”. Regardless its an upwards or downwards momentum, it will carry on into next week. Do you think the bank stocks will hand in a stellar report? Do you think the US market will continue to rally? Please give a “LIKe”, “Share” & “Re-post” ok. Thanks. Rating is very important (to me). Would you consider “Follow me” to get firsthand read of my daily new posts? Thanks! @Daily_Discussion @TigerPM @TigerStars @Tiger_SG @TigerEvents