Menu
Sister Sites

  • A measure of US inflation that is closely tracked by the Federal Reserve increased in April

    From apnews.com

    A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. That was much higher than the 0.1% rise the previous month. Measured year over year, prices increased 4.4% in April, up from 4.2% in March. The year-over-year figure is down sharply from a 7% peak last June but remains far above the Fed’s 2% target. Friday’s report from the government showed that despite rising prices, consumers remain buoyant. Their spending jumped ... (full story)

Am I losing my mind? How is todays data making the stock market absolutely f***ing rip? Shouldn't it be the opposite.

What other news was there I am unaware of?

Basically there is no rhyme or reason to it, eh
Quoting Niru
Am I losing my mind? How is todays data making the stock market absolutely f***ing rip? Shouldn't it be the opposite. What other news was there I am unaware of? Basically there is no rhyme or reason to it, eh
i have no idea, im looking for answers too
Quoting Marlonsadler
{quote} i have no idea, im looking for answers too
There was some news in the tech space about Nvidia which I believe made 13B dollars in revenue and is set to become a trillion-dollar company, which was possibly a catalyst that drove the market in terms of AI technology, etc. Also, I don't think all the exchanges did super well the past week (such as Russle which is not composed of tech).
NVDA, up 27% on massive earnings beat. Breadth of US stock market is very thin, if not for a handful of tech names, would be in a bear market all of 2023.
"If The Fool persists in his Folly he will become wise." - William Blake
  • New Comment
  •  Guest
  • | IP X.XXX.219.103
Join CC
    • Older Stories  
    McCarthy: Made Progress Last Night on Debt Ceiling

    From @sevenloI|May 26, 2023|1 comment

    tweet at 10:33am: McCarthy: Made Progress Last Night on Debt Ceiling tweet at 10:35am: HOUSE REP. SPEAKER MCCARTHY: TALKS COME DOWN TO ONE THING AND THAT'S SPENDING. tweet at 10:38am: McCarthy: This is Just the Start Generally on Spending tweet at 10:43am: HOUSE REP. SPEAKER MCCARTHY: TALKS ALSO MADE PROGRESS THIS MORNING.

    UMich Inflation Expectations Remain At 12 Year Highs

    From zerohedge.com|May 26, 2023

    The most important segment of the UMich sentiment survey continues to be inflation expectations, and after the preliminary data showed medium-term expectations rising ...

    Taxing Stablecoins

    From imf.org|May 26, 2023

    pdf Neutrality is widely accepted as a fundamental principle of good tax law design; that is, tax systems should generally strive to be neutral so that economic decisions are ...

  • Story Stats

  • Related Stories