TL;DR
- The Fed’s preferred measure of inflation, the Personal Consumption Expenditure (PCE) Index has come in today and the numbers aren’t too encouraging
- Meanwhile, the AI hype is proving to have some serious substance for certain companies, with chipmaker Nvidia smashing analyst forecasts this week
- It’s the latest sign of a turnaround in Big Tech, which could continue to provide great opportunities for some time yet
- Top weekly and monthly trades
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Major events that could affect your portfolio
As always, we’re watching closely for any new data when it comes to inflation. It’s the key driver for so much federal policy right now, which in turn makes it a key driver for stock market performance in the short term.
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