Markets ended lower yesterday after a wild trading day as investors digested improving CPI data. Will the Fed raise rates again, or are we done? I think we will see a 25-point raise.
Futures are up because CPI data showed inflation is "cooling", but is it enough for the Fed to stop raising rates? No. But we might be done after the next one. Trimming some winnings is a prudent way to show discipline in the current market environment.
Stocks to Watch
Merck (MRK) receives an upgrade to Buy from Citi, implying a 14% upside. Good Call.
Apple (AAPL) raised to PT $188 from Credit Suisse. Good Call.
Apollo Global Management (APO) rasied by oppenheimer. Good Call.
Blackrock (BLK) gets a double PT reduction.
Happy Investing,
The Punkrock Capitalist
Comments