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- April 17th Stock Market Update - Rate cut expectations now move to March 2025
April 17th Stock Market Update - Rate cut expectations now move to March 2025
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Mukund Mohan
April 17, 2024
Market
“Wall Street economists and strategists are now expecting the earliest rate cuts from the federal reserve only by March 2025 based on inflation metrics ” 🫢 🤯
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All indices went nearly 1% - 2% lower on rate cut delay concerns
Now that the indices are below the 50 Day MA and the 5/21 day MA are pointing downwards, expect more correction to the downside. The system works consistently. The short positions I held in large cap seem to be accelerating, so we are making money when the market is going down.
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Semiconductor stocks were the major culprit based on $ASML earnings being poor
Insights from the portfolio
Video of the day
Today’s video is on Netflix $NFLX, with specific levels for entry and trade and my long term perspective. Starting tomorrow I will send previous videos in this newsletter. New videos are going to be only for paying subscribers.
Deep dive of the day
Today’s write up is on $JOBY Joby Aviation a Electric Vertical Takeoff and Landing company.
Good setups for swing
We have 3 swing opportunities in this down market, which you can get by subscription
