Callum Peers @PelosiTracker: "Market update - second red..."

United Kingdom

Market update - second red day | What’s your move into Friday’s PCE? Stocks slipped again as the Fed sent mixed signals regarding the path of interest rate cuts. Pre-market today is also red, with futures pointing lower ahead of the PCE inflation print. Powell said the Fed will move carefully and noted equities look “fairly highly valued.” New home sales surprised to the upside as mortgage rates eased. Standouts: $BABA (Alibaba-ADR) on a bigger AI spend plan, $TSLA (Tesla Motors, Inc.) on a target hike, $MU (Micron Technology, Inc.) down after a beat, $NVDA (NVIDIA Corporation) softer with the AI complex. Outlook PCE on Friday is the key. A cooler read supports more cuts and a rebound. A hot print keeps yields firm and stocks choppy. I am watching the 10-year and dollar for direction. Strategy unchanged here. Not financial advice.

Add on red today

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Wait for the data, then decide

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Trim risk and raise some cash

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Stick to DCA and do nothing

100.00%

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