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PPI, Inflation, Employment, Bonds, AAPL, TSLA, NVDA and Narrowing Momentum, Plus My Top Stocks!

by | Jun 13, 2024

Stocks are rising on the heels of the Producer Price Index inflation report, which came in better than expected — much like Wednesday’s Consumer Price Index. 

PPI year over year came in at 2.2% versus estimates of 2.5% and 2.2% previously. Core PPI came in at 2.3% versus expectations of 2.4% and 2.4% previously. 

So the numbers are better than expected. 

Before the numbers came out, tech stocks were up pretty big with the Dow diverging on the heels of the latest FOMC meeting late Wednesday. 

About 80% to 90% of current weakness in the market is coming from non-tech stocks, and if you take away the biggest stocks — Apple (AAPL), Nvidia (NVDA) and Microsoft (MSFT) — things don’t look all that great. 

Simply put, if the air comes out of the AI trade, this market could be toast. Yes, the S&P 500 and Nasdaq are at all-time highs. 

The bond market (TLT) is showing signs of us being in a deflationary period. 

I’ll cover all that, my daily hitlist of longs and shorts 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. Sharing My Weekly Cash Flow Hitlist, LIVE at Noon ET!

I’ll be live at noon ET today, June 13, to cover my Weekly Cash Flow hitlist, right on time for the summer!

Not only will you see which stocks made my list, but you’ll also discover the 60-second method I use to trade them, targeting extra cash from the market, each and every week. 

This strategy has nailed 32 of 37 trades, and with a starting stake of $2,000, I believe we can set ourselves up to target anywhere from $100 to a couple of thousand dollars in extra cash flow by the end of the week. 

You get in on Mondays, and out on Fridays, it’s that simple. No need to stare at your computer all day or constantly be on the lookout for potential alerts. 

That way, you can go on living your life while the trade does its work in the background. So come join me later today and grab my watchlist…

And Learn This Strategy!

WRITTEN BY<br>Roger Scott

Roger Scott

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