
Another Week Another Record? ¡Increíble!
Hola amigos! Leo Messi here reporting live from… well not the pitch this time but Wall Street! You know sometimes I feel like the market is just another opponent. One minute you think you've got it beat the next BAM! But this week the S&P 500 and Nasdaq decided to do their best Messi impression and smashed records. ¡Qué golazo! It's like when I dribble past five defenders – unexpected but beautiful no?
Dodging Missiles Like Defenders: Iran Edition
So there's this news about some… drama… in the Middle East. Apparently the U.S. got involved in the Israel Iran situation. Now I'm no geopolitical expert – I leave that to the commentators like when they try to explain my free kicks. But the market surprisingly didn't panic! It just shrugged like when I miss a penalty (it happens okay?!). They figured it wouldn't mess with the economy too much. They are banking on the notion that this is not a systemic risk; I hope they are right!
Oil Prices: From Rocket to Red Card
Ah oil prices. They're like a tricky opponent always changing direction. They surged like a rocket then suddenly plummeted! West Texas Intermediate crude took a nosedive which the stock market loved because everything is expensive enough already. ¡Menos mal! Less expensive oil means companies and people have more money for other things like tickets to see me play (hint hint!).
Rate Cut Rumors: The Beautiful Game of Interest
Then there's the Fed thinking about interest rates like I think about scoring goals. There were whispers rumors of possible interest rates cuts like a pass between Xavi and Iniesta. The market's getting excited about potential rate cuts this year. But Jerome Powell the man in charge isn't committing to anything like a coach who doesn't want to give away the game plan. The Fed's preferred measure of inflation the personal consumption expenditures (PCE) price index increased 0.1% month over month and 2.3% annually while the core rate was a bit hotter than expected rising 0.2% month over month and 2.7% versus the year ago period
Nvidia's AI Goal: Worth More Than My Entire Shoe Collection?
Nvidia the company that makes the computers do smart things hit new highs. Artificial intelligence is like the new tiki taka. Everyone wants a piece. Analysts are saying Nvidia could go even higher like a free kick headed straight into the top corner. And as always my compatriot Jim Cramer highlighted six rallying stocks that members may want to consider booking profits in and five others that look like buys. I need to speak to Jim because I don't understand much of this financial jugglery.
Cramer's Charitable Trust: A Lineup of Winning Stocks
Jim Cramer's Charitable Trust is like a team of star players. He's got his eye on Cisco and Boeing but wants to wait for the right moment. Then there are the medical device and healthcare stocks like Eli Lilly and Abbott Laboratories; they were making some moves of their own. Like any good team it's all about finding the right balance. Me? I just focus on putting the ball in the back of the net.
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