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- Jun 13th Stock Market Update - PPI drops 0.2% in May signaling inflation is easing
Jun 13th Stock Market Update - PPI drops 0.2% in May signaling inflation is easing
$CPNG $SPWR $MAT
Mukund Mohan
June 13, 2024
Market
“Inflation went lower at the broad producer level, with PPI lower by 0.2% which was unexpected, which gives the Fed more room to cut interest rates in Sep to Dec” 😊 😋
Technology stocks drove NASDAQ higher, but Dow took a break on finance stocks again
The NASDAQ will take a 1-3% move down next week is my prediction with some profit taking. The best short opportunities are still in overvalued Semiconductor stocks (except Nvidia).
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Technology stocks went higher on Nvidia and Broadcom
Broadcom, SCMI and Arista Networks drove the NASDAQ higher with good PPI numbers, this market should take a break next week for a short touch back.
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Today’s video is on Coupang $CPNG the Korean eCommerce marketplace.
