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Sep 27th Stock Market Update - PCE price index shows cooling inflation

Sep 27th Stock Market Update - PCE price index shows cooling inflation

Mukund Mohan
September 27, 2024

Market

“The Personal Consumption Expenditures (PCE) index came in at 2.2% vs 2.5% expected, which was a good sign for stocks that the 0.5% rate cut was in the right direction.” 😊 😋

Indices edged higher on good PCE reading and lower inflation

CAVA and Novo Nordisk got downgrades that had both stocks move lower, but the major technology Mag7 continued their way up.

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Insights from the portfolio

$CXM Sprinklr Inc Deep Dive and 2024 Outlook

The SaaS company is likely to go private as growth stalls and the stock is in a slump

stocksmarts.substack.com/p/cxm-sprinklr-inc-deep-dive-and-2024

Video of the day

Today’s video is on Gitlab $GTLB the leading SaaS CI/CD tool.

Deep dive of the day

Samsara Inc $IOT Deep Dive – Investment Literacy Coach

The self driving truck fleet software company

blog.mukundmohan.online/index.php/2024/09/27/samsara-inc-iot-deep-dive

Good setups for swing

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