📈Today's CPI data has thrown a spotlight on Australia's stubbornly high inflation rates!
💸 It's not just any inflation, it's the kind that's deeply rooted in our own backyard.
🏠 Core inflation, which is the Reserve Bank of Australia's (RBA) favorite yardstick, is still hovering at a whopping 4%. And domestic inflation? A staggering 5%! 😮
This is not good news for Australia's economy.
$Westpac Banking Corp(WBC.AU)$ $CommBank(CBA.AU)$ $Rio Tinto Ltd(RIO.AU)$ $BHP Group Ltd(BHP.AU)$ $CSL Ltd(CSL.AU)$

$CAVA Group(CAVA.US)$ lock profit and riding

I own both $Tesla(TSLA.US)$ and $Lucid Group(LCID.US)$ in a ratio of 2:1. Both of these fine car manufacturers have been good for my portfolio. I'll keep building on both as I see some dips and I have cash.
It doesn't matter which of the two wins, because in the end I WIN. That's what matters

$NVIDIA(NVDA.US)$ The stock split did wonders for the price appreciation. It brought a lot of interest and still does. A lot of people were eager to get a piece of the pie. As momentum grows, so does the risk but I believe NVDA will reach $400 in the next 3-4 months. Next earnings report will show us the way into 2022.
I'm holding my shares, I won't sell them ... let's see what will happen but at this pace we might scratch 1T in the next 12-16 months.

$Affirm Holdings(AFRM.US)$ shares slip 1.9% in premarket trading after rival $AFTERPAY LTD SPONS ADS ECH REP 1 ORD SHS(AFTPY.US)$ introduces a Buy Now, Pay Later subscription service in the U.S.
Afterpay stock gains 0.9%.
Merchants, including Fabletics, IPSY, BoxyCharm, and Savage X Fenty, will be among the first to offer consumers the option to pay for recurring purchases in installments starting early next year.
The new service allows qualified merchant partners to potentially offer Afterpay for everyday payment needs including gym memberships, entertainment subscriptions, online services and more.
The subscriptions will be available to consumers across online platforms in the U.S. and Australia by early 2022, with plans to extend the feature in-store and to other regions including Canada, New Zealand, the U.K., and Europe.
$PayPal(PYPL.US)$, which also has a BNPL service, drops 0.7% in premarket trading.
In August, $Block(SQ.US)$ agreed to buy Afterpay for ~$29B in stock.