May 15, 2024

Markets:

Stock futures rose Wednesday, after the latest consumer price index reading came in lighter than expected.

The CPI — the Federal Reserve’s preferred inflation gauge — rose 0.3% for the month of April, lower than estimates for a 0.4% monthly increase, according to economists polled by Dow Jones. The measure rose 3.4% year-over-year, coming in line with expectations. Monthly and yearly numbers for core CPI, which excludes volatile food and energy prices, were both in line as well.

The data comes after another report pointed to stickier inflation. The producer price index for April rose 0.5%, more than expected, raising concern that Federal Reserve rate cuts may be delayed.

Year over year, CPI rose 3.4%, matching expectations. Core CPI, which strips out food and energy prices, rose 0.3% month on month and 3.6% year over year, both in line with expectations.

Portfolio:

The hated rally continues to emerge and develop for next level. This is early, few folks truly understand this and whats to come over the next 12 to possibly 24 months. The tech cycle, election cycle, a technical breakout in the market, all emerging.

ARM at 50d, NVDA breaking out and now we have easily over 200 points to the upside we can look at technically here. Our SPY target of 526 and wanting to ho The Qld and break above, well here we go! The Q's are the next one we have high interest in. Want to see 449 break and hold!

Next level coming to you. We come into this session holding positions in AMC, PLTR, NVDL, TSLL, and PATH. Queue is igniting and we will most likely be releasing new trades today.