The market has shrugged off the hot inflation numbers in Jan and Feb. Now that March’s numbers came in hot as well, the market realised they cannot ignore the fact that inflation is stickier than ever. And the market fell on Wed. Seems like the higher for longer narrative is here to stay. But lo and behold, the phenomenon of dip buying appeared again on Thurs as investors swept up stocks to push the market higher. Several big tech stocks have solid gains, with Amazon and Goo...
RDK79 :
If inflation is ‘hot’ now, what was it called last year? While the United States has experienced a relatively low and stable inflation rate since the 1980s, inflation hit record highs in 2021 and 2022 in the wake of the pandemic. The year-over-year inflation rate was 7.0% at the end of 2021 and 6.5% at the end of 2022. At the end of 2023, it was 3.4%. PS: inflation generally about 4.5% in the Reagan years mid 80s). Can’t remember if folks were freaking out then. Some think those were good economic years, at least until Clinton balanced the Budget a fews later. :)
Miami's Design District's transformation into a luxury hub mirrors the city's evolution into a cultural capital, drawing business and financial elites. The district's blend of art and finance has been key in this shift, making Miami appealing for financiers and tech entrepreneurs.
Gucci's new designs receive tepid initial response and weak demand in China. Kering's stock may seem cheap, but heavy investment in advertising and store refurbishments could lower profit margins. Investors may want to look elsewhere until positive response to Gucci's new collections is evident.
Gucci's image revamp is risky as it accounted for half of Kering's sales and 70% of its profit in 2023. Kering's stock may seem cheap, but heavy investment in advertising and store refurbishments could lower profit margins. Until new Gucci collections gain shopper approval, luxury investors are advised to look elsewhere.
Hendrikse believes Ferrari's stock is overvalued despite the company's quality and long-term growth prospects. The stock's recent run and high trading multiples compared to other luxury goods makers contribute to this view.
Last week, we saw S&P500 and Nasdaq recorded their best single day performance since 1 year ago. The rally was obviously led by Nvidia as the company briefly hit the $2 trillion dollars mark last Friday. It is the first chipmaker and the third US company to reach this valuation, right behind Apple and Microsoft. New week ahead, new rally too? $美国银行(BAC.US)$$花旗集团(C.US)$$SPDR金融行业ETF(XLF.US)$$Riot Platforms(RIOT.US)$$强生(JNJ.US)$$Lululemon Athletica(LULU.US)$...
74093226 : $英伟达 (NVDA.US)$