Inflation Slows Again

TAGS: Software for stock market analysis

Free Subscription: Subscription is necessary to receive an email when market reviews are posted.

News in Brief

Bloomberg:

Stocks rise on bets Fed is ready to take a break.
TSMC hits $500 billion value as investors clamor for AI, chips.

MarketWatch:

Inflation slows again, CPI shows, and might keep Fedon sidelines.
Apple’s stock is no longer worth buying after reaching a record, says Wall Street firm.
US stocks typically climb on Fed days, but the trend is weaker under Powell.
Opinion: Advice for the Fed: Inflation and jobs picture is too unclear to hike rates now.

yahoo! finance:

Investors say won’t use AI. Many are already using it.
AMD likely to offer details on AI chip in challenge to Nvidia.

The Fed’s decision is the next big event that can influence the current bull rally, but expectations are that they will take a break.

Global Indexes

S&P 500

The S&P 500 made another gap …. continuation gap?

DAX

The DAX also moved positively with a long-legged doji.

HANG SENG

The HANG SENG continues its uncertain moves just below its 50-day moving average but above its long-term negative trend line.

NYSE & NASDAQ Stocks

Caterpillar Inc

Caterpillar broke its $240 resistance with another gap. Other analysists are speculating that it is heading towards top resistance of $266.

C3 Ai Inc

AI took off again after making a J-curve. The buzz word remains AI and this share has the appropriate code.

JSE Stocks

JSE All Shares

The JSE All Shares is following the US and broke its negative trend line and 50-day moving average with a 2% gain. It also did so with an engulfing bull candle.