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Jul 9th Stock Market Update - Interest rates for long wont be good says Jerome Powell

Jul 9th Stock Market Update - Interest rates for long wont be good says Jerome Powell

$BOX $CMG $BILL

Mukund Mohan
July 09, 2024

Market

“Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.” 😊 😋

SPY and QQQ both hit new highs on the back of Jerome Powell comments

Markets took that to mean “Lets go up” - S&P 500 and NASDAQ hit all-time-highs again, although lower close than earlier in the day.

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Insights from the portfolio

$BOX Box Inc Deep Dive and 2024 Outlook

The file storage company is still range bound after a big move higher

stocksmarts.substack.com/p/box-box-inc-deep-dive-and-2024-outlook

Video of the day

Today’s video is on Chipotle $CMG the Mexican Quick Service Restaurant.

Deep dive of the day

BILL Holdings Inc $BILL Deep Dive – Investment Literacy Coach

The bill payment company for SMB

blog.mukundmohan.online/index.php/2024/07/09/bill-holdings-inc-bill-deep-dive

Good setups for swing

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