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- April 5th Stock Market Update - 300K Jobs added in March - Could there be more interest rate hikes?
April 5th Stock Market Update - 300K Jobs added in March - Could there be more interest rate hikes?
$MMYT $MPC
Mukund Mohan
April 05, 2024
Market
"The economy added 300K jobs in March, vs 260K estimated. Meanwhile, Fed Gov Bowman said additional rate hikes may be needed if inflation stays high” 🫢 🤔
Strong end to the week with markets rocketing up from the 21 day Moving Average
For the week all indices were down even after a strong close, but in range
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Not a bad week for technology, but as I mentioned last week Oil (Energy) looks strong
All technology mega caps ended the week on a strong up note, but the strong jobs report might cause the Fed to pause on rate cuts for now.
Insights from my portfolio
Video of the day
Today’s video is on LuluLemon $LULU a women’s sports apparel and Atheleisure company.
Deep dive of the day
Good setups for swing
$MMYT still good as I mentioned this week to the $85 range
$MPC stretched, but Oil’s strong - should get to $225 easy next few weeks