Despite the hooplah, core, supercore and headline PCE ruminations, the Fed's own Multivariate Core Trend Inflation fell from 2.7% to 2.5% in March.

Guarantee: you will make of it what you will!

#inflation #Fed

$PYPL

Above 40-WMA for longest stretch in 3 years and outperforming $NDX

Lot of folks gonna have to be proven wrong come earnings release this week, else gap fill to $75.

Pay attention to PayPal 😉

Positioning $1.2mm Golden Capital Portfolio $META

Thesis: consolidation will give way to higher-highs over 9-12mn period. Recency bias around capex proves short-lived opportunity, as ad dollar spend grows through expansion cycle, on platform, and rev guide sandbagged, AI tails

What conviction looks like and what taking calculated risk looks like! Well done my friend Micro2Macr0

💯💯🏆🏆

I fancy that Small-caps are leading today and ahead of tomorrow’s release of the ECI, unless traders are going to be proven offsides.

$IWM $RTY $TNA

$COMPQ Nasdaq Cycle Composite 2024

On similar path, but level impacted by greater Q1 gains, which may narrow the drawdown depth.

Continue to monitor the progression.

$NDX $QQQ $SPX h/t Rob Anderson

'THING' alert:

Literally, could have said the same thing since 2011.

Otherwise known as: THIS IS 'NOT A THING'🚨

$SPX $QQQ $IWM $NDX $SPY $RTY

The only thing left to discern is whether or not this will prove a real or false breakout $FXI

J.P. Morgan:

If autonomous-taxis are going to be a heavy push into 2025, nobody told the LiDAR stocks.

#Tesla #Ford #investing

Finom Group's macro-market Research Report has been sent to members (Contributor/Premium only)

♦️Technicals
♦️Fundamentals
♦️Quants and more
♦️Has the recovery been solidified or is another leg
lower forthcoming

finomgroup.com/recovering-not…

Going out on a limb here, but I'm thinking #Buffett is not a good indicator of what you should or shouldn't be doing.

Something tells me stocks are significantly higher than from May 2020. Someone, check my math please.

To the penny? Too perfect?

Uptrend, despite all the selling last couple of weeks, for Technology and Semiconductors looks like it held up well. Monitoring...

$SPX $QQQ $SPY $XLK $SOXX $SOXL $NDX

$COMPQ Nasdaq Cycle Composite 2024

On similar path, but level impacted by greater Q1 gains, which may narrow the drawdown depth.

Continue to monitor the progression.

$NDX $QQQ $SPX h/t Rob Anderson

Interesting facts pertaining to the path forward for autonomous driving/robo-taxis

📢Federal govt. limits number of AVs in operation to just
2,500 currently.
📢Auto/Transportation nots to Department of
Transportation

#Tesla #GM #Ford

Finom Group's macro-market Research Report has been sent to members (Contributor/Premium only)

♦️Technicals
♦️Fundamentals
♦️Quants and more
♦️Has the recovery been solidified or is another leg
lower forthcoming

finomgroup.com/recovering-not…

$SPX has made 22 all-time highs in 2024

Only 1 other time did SPX make 22 all-time highs in a calendar year... and not make at least 2 more all-time highs thereafter, since 1929.

Odds that the highs are in for 2024 = ~5%, very low.

$SPY $QQQ $DIA $NDX

Goldman Sachs on Month-End Pension Rebalancing:

“Heading into month-end, model estimates $1 billion of US equities to buy from pensions given the moves in equities and bonds over the month.

$SPX $SPY $QQQ $DIA

J.P. Morgan

Admittedly, many of the economic and profit leading indicators we track have improved since last August.

The story of the resilient U.S. economy has further distanced itself from the Jamie Dimon 2023 'economic hurricane' warnings.

$SPX $SPY $Macro $QQQ #economy