March 12, 2024

Markets:

S&P 500 futures rose slightly Tuesday as investors await a key inflation report that could inform the path of the Federal Reserve’s monetary policy.

Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates.

The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly gain was in line with expectations, but the annual rate was slightly ahead of the 3.1% forecast from the Dow Jones consensus.

Oracle shares popped more than 12% in extended trading after fiscal fourth-quarter results topped analysts’ earnings estimates. The firm’s cloud services and license support segment, its largest business, saw a 12% increase in revenue. Als ORCL noted the demand for AI, which leads us to look at continued growth for the semi's.

Portfolio:

We enter the new trading session holding set-ups in IBIT, IOT, PLTR, HIMS, and PATH. All positions moving nicely in premarket. Patience Is needed here and we expect the runway to now expand cannot stress enough the opportunity we will have leading into next week de to the major AI event to take place and also the FOMC meeting that's coming. This week, we have triple options expiration and expect monster moves in specific sectors. Cannot stress enough to not get caught with the day-to-day moves and narratives people try to pish. The overall trend remains an that's all that matters until is broken!