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Oct 10th Stock Market Update - This inflation thing just wont give up

Oct 10th Stock Market Update - This inflation thing just wont give up

$BX $EXPE $MNDY

Mukund Mohan
October 10, 2024

Market

“Consumer price index grew by 2.4% in September, which is the smallest since Sep 2021, but is not slowing quickly enough renewing concerns of sticky inflation” 🫢 😛

All indices went lower from their all time highs, at an average 0.2%

Although Nvidia is very expensive from a PE perspective (over 60) the PEG is the lowest at 1.03 compared to Microsoft (30, 2.3), Apple (38, 2.) and Amazon, Meta or Google.

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