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April 12th Stock Market Update - Inflation fears regain as stocks move lower

April 12th Stock Market Update - Inflation fears regain as stocks move lower

$LULU $ADBE

Mukund Mohan
April 12, 2024

Market

“Inflation worries surfaced again, as markets are no longer factoring in 3 rate cuts for 2024, instead expecting 0 or 2 at most. Inflation will continue to be over 3% by end of the year according to Blackrock’s Larry Fink” 🤑 😇

All 3 indices went down between 1 and 2% for the day with a sea of red all over

Apple was the only stock in the Mag7 to even register a small gain. All the 4 finance companies reporting today Citibank, JPMorgan, Wells Fargo and Blackrock all moved lower.

I continue to be cautious as I have been mentioning for the last 2 weeks. This is a small dip - retesting the 50 MA on the daily.

After testing 3 sessions, I am now ready with my technical analysis course. It will be a 2 day, 1.5 hour each day online live program. You can sign up for the first class to start on April 15th. We can accommodate only 10 people per class. This initial class is only $350 before I increase the price to $500 and then to $1000. Click on the link below to signup.

I got a few questions on topics to be covered and it is in the link below.

Introduction to Technical Analysis Course | Investment Literacy Coach

In this comprehensive stock market technical analysis course, participants will delve into the intricacies of market trends and behaviors to enhance their trading strategies. The course begins with...

mukundmohan.online/introduction-to-technical-analysis-course

Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.

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For the week most indices except NASDAQ headed lower - 2 weeks in a row

The only strength was in Basic Materials and energy companies. Otherwise a red day mostly.

Insights from the portfolio

$CMG Chipotle Mexican Grill Inc Deep Dive and 2024 Outlook

Chipotle Mexican Grill is a renowned fast-casual restaurant chain known for its customizable bowls, tacos, and Mission burritos made to order in front of customers.

stocksmarts.substack.com/p/cmg-chipotle-mexican-grill-inc-deep