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March 12th Stock Market Update: CPI rose to 3.2% YoY, and +0.4% MoM

March 12th Stock Market Update: CPI rose to 3.2% YoY, and +0.4% MoM

$GDDY $BL

Mukund Mohan
March 12, 2024

Market

“Feb inflation ticked higher because of gas prices and shelter, while food prices were flat overall. Juices and drinks, along with Vehicle insurance rose 20% YoY” 🤯🤨

Markets moved higher after the CPI news, because, why not?

As I have been mentioning for months, these are the best times to make good money, since the market is still strong. Some choppiness, but medium term strong.

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Technology stocks headed higher, led by Nvidia, Microsoft and Meta

Insights from the portfolio

$MBLY Mobileye Global Deep Dive and 2024 outlook

The autonomous car technology company works with most OEMs. Are the inventory issues behind it in Q2 2024?

stocksmarts.substack.com/p/mbly-mobileye-global-deep-dive-and-33e

Video of the day

Today’s video is on Duolingo, the education and language learning app and strong performer.

Deep dive of the day

Today’s write up is on Fastly, a edge computing and cloud solution company.

Fastly Inc $FSLY Deep Dive – Investment Literacy Coach

Fastly used to be a high flier, but has since faltered on slower growth. Is it reversing after a bottom?

blog.mukundmohan.online/index.php/2024/03/12/fastly-inc-fsly-deep-dive

Good setups for swing

$GDDY to $125 on MACD momentum. This is going higher

$BL to $77 (resistance) and earnings Bull Flag