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- Feb 13 Stock Market Update - Inflation still persists
Market
“Inflation rose more than expected by 0.3% for the month driven by higher shelter (rent, home) prices. The CPI was at 3.1% also higher than expected 2.9%” 🙄
Markets took a well deserved breather down on average between 1% and 3%
The IWM (Small Cap Russell 2000) fell the most by 3.3% - meaning small cap stocks continue to find weakness in the short term.
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Red day overall, but relative strength in financials
Nvidia, Visa and Disney seemed to find strength in a down day overall. After hours action on $ABNB $CART and $HOOD suggests that there will be more short term pullback tomorrow.
Video of the day
Today’s video is Robotic Process Automation company UiPath $PATH
Deep dive of the day
Today’s writeup is on Jinko Solar, a China based polysilicon vertically integrated company.
Good setups for swing
$NU should move higher to earnings on Feb 22 to $10.2
Watch for an entry into $TRMB at $54 for a move to $62 in a few days