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- Mar 29th Stock Market Update Personal Consumption Expenditures rose 2.8% as expected
Mar 29th Stock Market Update Personal Consumption Expenditures rose 2.8% as expected
$CAVA $KSPI
Market
"Personal Consumption Expenditures (PCE) rose 2.8% (12 mo) as expected and up 0.3% from a month ago. Consumer spending shot up 0.8% vs 0.5% expected ” 🤑 🤨
Markets were closed on account of Good Friday, so we were flat. This is Thursday’s close
For the quarter, SPY outperformed the NASDAQ and Dow as well as small cap index
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For the quarter, technology still did well at over 8% growth
The NAR ruling really hit real estate stocks for the quarter, but also builders are getting hammered on higher interest rates weighing on consumer mortgages.
Insights from my portfolio
Video of the day
Today’s video is on Intuitive Surgical, a robotic surgery medical instruments company.
Deep dive of the day
Good setups for swing
Buy $CAVA now and keep it for 1 Quarter - will get to $90s
$KSPI should get to $135 and then break down