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- April 26th Stock Market Update - Inflation rose 2.8%, but stocks rocket on Google, Microsoft earnings
April 26th Stock Market Update - Inflation rose 2.8%, but stocks rocket on Google, Microsoft earnings
$AMZN $ANET $JOBY
Mukund Mohan
April 26, 2024
Market
"As PCE Personal Consumption Expenditures rose 2.8% from a year ago, the signal to the Fed was inflation is still here. Which means rate cuts are unlikely anytime soon” 🥲 😵
Very strong movement from the indices today, higher. Overall very bullish
We ended the week on the positive on all indices, with markets only 2% lower from ATH
Google +10%, AMZN and NVDA Up over 3% and MSFT up ~2% all drove this week’s move higher.
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For the week technology still drove the gains thanks to Tesla, Google and Microsoft
Overall still positive, the valuations are back to being rich again, so I am less bullish than I was in January, but we should see good movement up again next week based on Amazon earnings.
Insights from my portfolio
Video of the day
Today’s video is on Arista Networks $ANET the networking company that set to report in 2 weeks.
