Stock Market Celebrates Cooler CPI, Oil Glut By The End Of The Decade
Portfolio Pulse from The Arora Report
The stock market is reacting positively to cooler-than-expected CPI data, with significant buying in AI stocks and major tech companies. The probability of a rate cut by the Fed in September is now 55%, and 90% by December. Inflation in China is also falling, which helps lower U.S. inflation. The International Energy Agency predicts an oil surplus by 2030. Bitcoin is rallying on lower CPI. Investors are advised to maintain a balanced protection band to manage risk.
June 12, 2024 | 3:18 pm
News sentiment analysis
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NEUTRAL IMPACT
Apple Inc (AAPL) is seeing neutral money flows in early trade despite the overall positive market sentiment from cooler CPI data.
Despite the positive market sentiment from cooler CPI data, AAPL is experiencing neutral money flows.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60
NEUTRAL IMPACT
United States Oil ETF (USO) is seeing buying interest from the momo crowd in early trade, despite predictions of an oil surplus by 2030.
Despite predictions of an oil surplus by 2030, the momo crowd is buying oil, impacting USO.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Amazon.com, Inc. (AMZN) is seeing positive money flows in early trade, driven by the overall positive market sentiment from cooler CPI data.
The positive market sentiment from cooler CPI data is driving money flows into AMZN.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
SPDR Gold Trust (GLD) is seeing buying interest from the momo crowd in early trade, driven by lower CPI data.
The lower CPI data is driving buying interest in gold, positively impacting GLD.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet Inc Class C (GOOG) is experiencing positive money flows in early trade due to the favorable CPI data.
The favorable CPI data has led to increased buying in tech stocks, positively impacting GOOG.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc (META) is seeing positive money flows in early trade, driven by the overall positive market sentiment from cooler CPI data.
The positive market sentiment from cooler CPI data is driving money flows into META.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Microsoft Corp (MSFT) is experiencing positive money flows in early trade due to the favorable CPI data.
The favorable CPI data has led to increased buying in tech stocks, positively impacting MSFT.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
NVIDIA Corp (NVDA) is seeing positive money flows in early trade, driven by the overall positive market sentiment from cooler CPI data.
The positive market sentiment from cooler CPI data is driving money flows into NVDA.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Invesco QQQ Trust Series 1 (QQQ) is experiencing positive money flows in early trade, driven by the favorable CPI data.
The favorable CPI data has led to increased buying in tech stocks, positively impacting QQQ.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
iShares Silver Trust (SLV) is seeing buying interest from the momo crowd in early trade, driven by lower CPI data.
The lower CPI data is driving buying interest in silver, positively impacting SLV.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) is seeing positive money flows due to cooler-than-expected CPI data, which has increased the probability of a Fed rate cut.
The cooler CPI data has led to positive market sentiment, increasing the likelihood of a Fed rate cut, which is beneficial for SPY.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tesla Inc (TSLA) is experiencing positive money flows in early trade due to the favorable CPI data.
The favorable CPI data has led to increased buying in tech stocks, positively impacting TSLA.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70