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- Jun 14th Stock Market Update - Consumer Sentiment falls, but inflation cooling
Jun 14th Stock Market Update - Consumer Sentiment falls, but inflation cooling
$APPF $AVGO $AKAM
Mukund Mohan
June 14, 2024
Market
"The Univ of Michigan Consumer Survey showed consumer sentiment decline to 65% from 69% the previous month, even as inflation is cooling” 🥲 😶
It was a slow day with little volume for all indices, but NASDAQ was up
For the week NASDAQ did well on the back of NVDA, AVGO and ORCL
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Strong move by tech stocks higher, but expect a correction next week
While this week was terrific for technology stocks, the next week I expect a pullback and a rotation into some under looked names in SaaS.
Insights from my portfolio
Video of the day
Today’s video is on Broadcom $AVGO, the semiconductor and infrastructure software giant.
Deep dive of the day
Good setups for swing
$ABNB broke through a key resistance, should get to $178
$IOT wait for a move to $37 to get in to head to $45