US Market

The tech heavy index rose to new all-time highs as AI optimism was reinvigorated by Apple’s announcements and CPI inflation cooled, looking past the Fed’s one-cut projections

With it being just over 1.5 years since OpenAI introduced ChatGPT, Apple has unveiled its comprehensive AI strategy, Apple Intelligence. This technology will only be available on iPhone 15 Pro and Pro Max models, which make up about 5% of the current iPhone user base due to hardware requirements. This move aims to drive sales of the high-end models by offering unique AI capabilities, as detailed in Apple's presentation at…

The US Federal Reserve is anticipated to maintain interest rates within the 5.25-5.5% range this Wednesday, suggesting that September may mark the earliest consideration for a rate cut. Market attention will be directed towards the updated dot plot, providing insights into individual members' perspectives on interest rate trajectories. In March, the Fed indicated a predominant view of three rate reductions for the year, with an additional three cuts expected in…

The tech-heavy index reached new all-time highs, helped by Nvidia’s rise after the announcement of new Artificial Intelligence chips

Inflation in April rose as expected, with markets anxious about potential interest rate cuts, according to a key measure released Friday closely watched by the Federal Reserve. The core personal consumption expenditures (PCE) price index, excluding food and energy, increased 0.2% monthly and 2.8% annually, matching estimates. Including food and energy, PCE inflation was 2.7% annually and 0.3% monthly, also in line with forecasts. Fed officials prefer the PCE over…

The PCE is the Federal reserve’s preferred measure of inflation, and the April number is due for release on Friday. It will influence market participants’ views on the central bank’s monetary policy path.

The tech heavy index sets new highs this week, as markets gear up for Wednesday quarterly results of Nvidia, the enabler and main beneficiary of the AI boom

CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year

Goldman Sachs traded at a new all-time high on Friday. Technically its exponential moving averages are in a bullish formation, with the green 5-month EMA above the orange 10-month EMA. The stock may be overbought in the short-term but given its strong primary trend, support areas are likely to be compelling.

The stock dropped nearly 10% on Wednesday, despite strong quarterly results, as markets likely focused on poor linear networks performance and underwhelming near-term guidance

Over the course of 2024 the US real rate has appreciated by just under 24% (top red arrow) and is currently at 2.11%. Not surprisingly, the smaller companies have felt the burden more so than the large cap companies.