Tech Stocks Get Their Groove Back: Nvidia And Alphabet Dance To The Tune Of AI And Fed Anticipation

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] On a manic Monday, the stock market got a jolt of energy, with Nvidia leading the charge like a caffeinated squirrel. As Wall Street’s eyes are glued to an upcoming AI extravaganza and the Fed’s crystal ball for future money moves, Nvidia’s shares did a little happy dance, jumping over 4% in anticipation of their GTC …

Inflation’s Surprise Jump: A Wake-Up Call For The Fed And Markets?

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] In the financial theater today, the S&P 500 experienced a slight setback after inflation data came in warmer than anticipated, propelling Treasury yields upward. Nvidia’s shares, on the other hand, were less fortunate, facing downward pressure. The Producer Price Index (PPI) for February, which tracks wholesale inflation, rose by 0.6% last month, surpassing the expectations of …

Gold Glitters And Bitcoin Booms As Stocks Show Mid-Week Modesty

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The S&P 500 took a breather Wednesday, retreating from its recent peak, as Nvidia’s sizzling start to 2024 finally saw a chill. The trading floor was still buzzing from Tuesday’s gains, where the S&P 500 and Nasdaq jumped over 1% after inflation reports aligned with the crystal ball predictions. Core inflation, minus the munchies and gas, …

Fed’s Rate Cut Plans: On Thin Ice After Inflation’s Spicy Surprise?

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] On a day when the inflation report played nice and mostly met the expectations for February, the stock market decided to throw a little party of its own. The consumer price index, which is like the economy’s thermometer, rose by 0.4% last month, hitting a 3.2% year-over-year fever. The economists’ crystal balls predicted this well, except …

Bitcoin Blasts Off As Traders Brace For CPI Countdown

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] In the unpredictable world of Wall Street, stocks took a morning dive but didn’t forget their floaties, bobbing back up by closing time as the recent record-breaking rally decided to take a breather. Meanwhile, traders played a game of ‘hot potato’ with their portfolios, not wanting to get burned before tomorrow’s sizzling Consumer Price Index (CPI) …

Bitcoin And Gold Shine As The Market And The Dollar Diverge

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] The stock market recovered some of its losses on Thursday, as investors cheered lower inflation forecasts from Europe and higher tech stocks. The European Central Bank cut its projections for inflation and growth for this year but kept its interest rates unchanged. This suggested that inflation was not a global threat. The ECB’s decision followed the …