Market Musings 12/9/2024
Quick thoughts on the markets and major portfolio news. Not on Ursa yet? Download Ursa from the App Store!
A quick update on market catalysts for the week including November inflation data and Broadcom’s earnings.
First, macro-wise, we’re getting more #Inflation data.
November’s CPI is coming on Wednesday. Investors are expecting an overall modest monthly increase. Similarly, Core CPI is expected to remains sticky trending above the Fed’s target rate.
Then, November’s PPI is coming the next day on Thursday. Expectations are lower with both the overall and core trending closer to the target.
As we’ve been saying over and over, #Inflation is unlikely to be market moving at this point with rate cuts already in-motion－unless we see inflation sharply reaccelerating.
Second, we’ll get an #AI update later in the week.
Broadcom reports Thursday aftermarket. While not as well-known as Nvidia, Broadcom is a big #AI chip player in communications and networking space.
Similar to Nvidia, Broadcom’s earnings has potential to influence and move other #AI names.
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Original Photo by Pixabay.