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Fed Data, Bonds, Blue Chips, Earnings, ORCL, Key Technical Levels and My Morning Hitlist!

by | Mar 12, 2024

Stocks are on the move higher premarket following the latest Consumer Price Index report, which showed inflation was higher than expected for the month of February.

Month-over-month CPI came in at 0.4% versus expectations of 0.4%, but the important number is core year over, which excludes more volatile food and energy prices, came in at 3.8% versus expectations of 3.7%. 

This isn’t bad for the market, though, 3.7% would have been better, and stocks actually bounced on the news. 

If the number was 3.9%, that would have been big-time bad news because the Fed would likely have had to push back rate cuts…

I’ll cover all that and more in this morning’s “Premarket Must Watch” video!

Roger Scott
Roger Scott Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

P.S. Forget the ‘Magnificent 7’ and Look Here for Big Movers…

If you’ve been following my telegram updates, then you know that just last week, Nvidia suffered its largest single-day decline since May 2023…

And Apple is now below its 200-day moving average.

But what I haven’t mentioned on Telegram yet is that while these top tech stocks were sinking…

About 146 little-known, high-alpha stocks have been blowing everything out of the water…

These are not speculative biotech companies without earnings…

Not crypto miners…

And certainly not risky penny stocks.

Rather, they’re a group of explosive companies…

Stocks that can rip north of 100% in a matter of months! And I’ll divulge all of the details live at 1 p.m. ET TODAY!

Just Go Here to Save Your Seat 


WRITTEN BY<br>Roger Scott

Roger Scott

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