To The Moon

Summary of Last Session

Stocks surged on leap day, with major indexes reaching record highs.

The $S&P 500(.SPX)$ closed up by 0.5%, hitting a new record, while the Dow Jones Industrial Average edged up by 0.1%. The $NASDAQ(.IXIC)$ stole the spotlight, closing at its first record since November 2021 and marking a 7.2% year-to-date gain.

Highest volume $Apple(AAPL)$ $Tesla Motors(TSLA)$

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• Key Events of the Session

PCE

Despite concerns over inflation, fueled by new data on the January Personal Consumption Expenditures (PCE) price index, the market remained resilient.

The core PCE price index, the Federal Reserve's preferred inflation gauge, showed a sharp acceleration in January, rising by 0.4% compared to a 0.1% increase in December.

However, on a year-over-year basis, the core PCE price index was up 2.8% in January, slightly lower than the 2.9% recorded in December.

Rising services prices, particularly in healthcare, contributed to persistent inflationary pressures.

Market Scenario

Stocks continued their upward trajectory despite inflation concerns, driven by positive sentiment and momentum…But FOMO; YOLO; Trading…be careful $Microsoft(MSFT)$ $NVIDIA Corp(NVDA)$

Trading

The resilience of the market suggests investors are optimistic about economic growth and corporate earnings.

The focus remains on inflation data and its implications for Federal Reserve policy decisions.

Conclusion

The stock market showed strength and resilience, with major indexes reaching new highs despite lingering inflation concerns. Investors remain optimistic about the economic outlook but are closely monitoring inflation data and its potential impact on Fed policy.

The information provided is not financial advice and is for informational purposes only. Investors should conduct their own research before making investment decisions.

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@TigerStars @CaptainTiger @Tiger_SG @TigerEvents