Afternoon Note
It is a strong session helped by a rebound in technology stocks. Nvidia (NVDA) hit a new record high amid a report that the company is set to start mass production of a China-focused AI chip.
On the economic front, inflation Expectations from the NY Fed saw one-year ahead to drop significantly to 3%, its lowest level since 2021. The 3-year ahead hit its lowest level since June 2020 at 2.6%.
More intriguing is household income struggling to rise, and spending expectations lurching into free fall.
Comments |
On the income and spending chart, what does the left axis represent? Dollars? Millions? Kevin on 1/8/2024 7:09:39 PM |
It represents Percent. Karina Hernandez on 1/9/2024 7:48:37 AM |
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5/16/2024 9:40 AM | AUTOPILOT FEELS SO GOOD |
5/15/2024 1:53 PM | New Hope |
5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
5/14/2024 1:24 PM | Small Moves |
5/14/2024 9:22 AM | Marking Time |
5/13/2024 1:37 PM | Snuffed Out |
5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
5/10/2024 1:23 PM | Cold Water |
5/10/2024 9:58 AM | IN TUNE |
5/9/2024 1:09 PM | Disconnect |
5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
5/8/2024 1:49 PM | Mixed Note |
5/8/2024 9:37 AM | CHANGING NARRATIVES |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
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5/3/2024 1:41 PM | Cheering the News |
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5/2/2024 9:41 AM | COOL HAND POWELL |
5/1/2024 1:22 PM | Which Powell? |
5/1/2024 9:40 AM | MAY DAY, MAY DAY, MAY DAY |
4/30/2024 1:02 PM | Complete Flop |
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