Jul 11th Stock Market update - Technology stocks take a breather after good inflation numbers

$CYBR $CRWD $PRI

Market

“Inflation for the month of June was lower by 0.1% and is showing that it is coming to the range where the Fed can feel comfortable lowering interest rates” 😁 😃 

NASDAQ and S&P 500 took an absolute beating today, but that is good

There are many overstretched stocks that needed a break from the relentless upwards move. With Tesla down 8% and Nvidia down 5% on the day, the market should continue to move lower over the next few days, but not by a lot.

The opportunity now moves to the small and mid cap stocks over the next few days.

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Insights from the portfolio

Video of the day

Today’s video is on Crowdstrike $CRWD the cybersecurity leader.

Deep dive of the day

Good setups for swing