Wall Street: Inflation? So what!

Join TradeAlgo's Free Live Trading Session ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, Wall Street: Inflation? So what! There is almost nothing that can stop the current rally in stocks. Yesterday’s inflation reading indicated some “stickiness” in the consumer price index for February with a 0.4% gain for the month. Regardless, Nvidia soared over 7% in yesterday’s trading, and the S&P 500 closed at a new high. - “Fears have been circulating prior to the release for an extra-hot print, which appears to have boosted markets as they failed to materialize,” said Josh Jamner at ClearBridge Investments. “Overall, there should be relatively little market impact from today’s release given it is largely consistent with the prior understanding of the disinflationary process.” The central bank’s repeated message that the path to the 2% level will be a rocky one may play a big role in managing the markets’ reaction to inflation data — despite the signs of a stickiness. Meaning? Investors’ expectations are unlikely to change until the next several inflation prints. Inflation needs to cool down again to keep the market’s faith in the current rate outlook. Ken Griffin, the founder of Citadel, believes that the central bank shouldn’t cut rates “too quickly.” His reason was simple — it’d be a disaster if they had to hike rates after cutting. So, Griffin thinks the Fed should stay conservative by keeping rates unchanged. Moreover, he believes the Fed will cut rates later than what the markets currently expect. - “If I’m them, I don’t want to cut too quickly,” Griffin said. “The worst thing they could end up doing is cutting, pausing and then changing direction back towards higher rates quickly. That would, in my opinion, be the most devastating course of action that they could pursue.” - “So I think they are going to be a bit slower than what people were expecting two months ago in cutting rates. I think we are seeing that play out.” Lastly, Griffin warned about two conditions that could keep inflation sticky — high government spending and deglobalization (where global companies will reduce the number of employees. - “We still have an enormous amount of government spending. That’s pro inflationary. And we are also going to a period in history of deglobalization. So we’ve got two big, big tailwinds that continue to support the inflation narrative,” Griffin said. Ken Griffin, the founder of Citadel (Photo: Lionel Ng/Bloomberg) Grab A Piece In One Of The Fastest-Growing Startups In The World Today’s Stock Pick: On Holding (ONON) On is a phenomenal growth story that you absolutely need to be aware of. Believe it or not, the company was founded in 2010. (Just a decade old!) An Ironman champion Olivier Bernhard teamed up with his friends David Allemann and Caspar Coppetti to engineer a better running shoe in Zürich, Switzerland. Their mission was to create a shoe that would offer the perfect “Goldilocks” running sensation with every step – a soft landing along with a firm toe-off. Just one month after founding the company, its prototype won an ISPO Brandnew Award for innovation and it was in running stores in the same year. That speaks a lot about the quality and innovation of its product. You may have seen On shoes on streets: (Photo: ON) Its technology is called CloudTec®, and the company calls it like “running on clouds.” As a result, sales exploded. The brand is being sold in more than 60 countries with over 17 million products sold to date. A big-time tennis star, Roger Federer, became one of the company’s investors. 2022 saw its sales skyrocketing by a whopping 69%. Its gross profit margin was very high at 56%. The company expects 2024 to be another phenomenal year with at least 30% year over year net sales growth (in constant currency) while maintaining its gross profit margin at 60% or better. - The On brand is in very high demand and has further gained in popularity and desirability. We’re seeing great success by connecting our celebrity athletes to product innovation,” said Caspar Coppetti, executive co-chairman and co-founder. The engagement is very high. According to the company’s run account data, the CEO said, “The Cloudmonster and Cloudrunner are positively over indexing with regards to their visibility on the running routes versus their contribution to sales.” In other words, customers are using their shoes to go out for a jog. A high-tech company: On is obsessed with creating high-tech running shoes. With its special software, On’s engineers in the On Lab create virtual prototypes to analyze, test and optimize every component. Meaning? Quicker upgrades to a shoe with fewer physical prototypes. As a result, computers are able to optimize the perfect cushioning sensation in every running scenario imaginable. On’s obsession of delivering elite products has led to a monster revenue growth. On has its eyes beyond the running market. It signed the women’s world number one ranked player Poland’s Iga Świątek and a man tennis sensation Ben Shelton for whom On is the 20-year-old star’s first multi-year sponsor. And of course, it counts on Roger Federer as an investor. Bottom line: On is one of the most exciting companies in the world. Its fanatical focus on product quality through newest technologies and superior engineering paid off with an explosive growth that is rare for any company. Grab a piece of this company right now. [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](       © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](