🔍 Tuesday Market Outlook: March 12, 2024 🗓️

[Image] March 12, 2024 🔍 Tuesday Market Outlook: March 12, 2024 🗓️ What's up, traders… Jeff here. This week, we’ll find out whether Friday’s sell-off was a momentary blip or the beginning of a major trend reversal. Yesterday we got another bearish day as the market is trying to get its head around what the Fed is going to do with inflation. Of course, everyone wants to know when they’re gonna start cutting rates. The market seems to have already priced in the death of inflation — so a lot is riding on today’s consumer price index (CPI) report. On Friday, we saw some profit-taking in Nvidia Corporation (NASDAQ: NVDA) and other market leaders. Yesterday, more tech stocks, notably Meta Platforms Inc. (NASDAQ: META), got slammed. Meanwhile, some big recent winners across the semiconductor space — like Advanced Micro Devices Inc. (NASDAQ: AMD) and Micron Technology Inc. (NASDAQ: MU) — are also starting to take a beating. Sponsored 🔍Unlock the Future of AI Stocks! 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Again, it’s all about the CPI report… The CPI Report If you aren’t reading the CPI report today, you’re missing a huge part of what’s driving the overall market’s direction… Here’s what you should be watching for in today’s report: Inflation Rate As you know, rising inflation has been one of the biggest headwinds for stocks over the past few years. CPI reports are where we find out how inflation is doing. A rising or “hot” CPI suggests inflation is increasing, potentially leading to higher interest rates, which usually cause stocks to fall. Conversely, a lower or “cooling” CPI indicates lower inflation, which often causes stocks to rally (as traders speculate about rates getting cut sooner). Core CPI vs. Overall CPI The core CPI, which excludes food and energy prices due to their volatility, gives a clearer picture of the underlying inflation trends. The Core CPI is the one you should be highlighting… Pay more attention to the core CPI to assess long-term inflationary pressures without the noise from short-term price swings in energy and food. Sector-Specific Data The CPI report also includes detailed breakdowns by sector, such as housing, transportation, and healthcare. You can analyze these sections to understand how inflation is affecting specific pockets of the stock market. Then, you can potentially use that data to influence your sector-specific trading. Make no mistake — this CPI report is crucial to determine how the market will react following its recent bearishness. With tech stocks this fragile, a hot CPI could send the market deeper into the red… And like an earnings report, it’s all about how the CPI lines up with analyst expectations: Economists expect the overall CPI reading in February to show 0.4% month-over-month growth, up from 0.3% in January, with the year-over-year growth rate holding steady at 3.1%, [according to FactSet’s consensus estimates](. In the stock market, bulls want to see the leaders (like NVDA) continue upward with a little bit of sector rotation. But considering the out-and-out selling in tech with heavy volume, I just don't believe that the Apples and the Googles of the world are gonna carry the market. Don’t bet on stocks that are currently getting killed. Play it safe. Or, better idea, do what I do — focus on Burn Notice trades. 133% in 3 Days: 5 Recent ‘Burn Notice’ Wins Take a look at five monster winners from the Burn Notice Alliance over the past month*: So, What Are You Waiting For?! 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Click below to see the full story and learn more about a-MIS Technology.   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( *Past performance does not indicate future results. **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. 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