Monday, June 24, 2024

Apple goes to jail?

Plus, a packed calendar this week
 
   
     
Monday, June 24th
 
"But logic is not all, one needs one's heart to follow an idea.”

— Richar Feynman
---------- Markets Today ----------
 
🌏 Asia-Pacific: Down
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Up
⚡ Crypto: Down

 
------- Major Market Events -------
 
Yen collapsing: The Japanese Yen hitting another major decline (link)
 
Apple is a criminal? Apple becomes first tech giant to be charged under new EU lawas (link)
 
Nvidia slides: $500 billion in value gone just like that (link)
🤔 My Thoughts 

A lot of events coming up this week. The three most important are the Consumer Confidence Report tomorrow, the initial jobless claims on Thursday, PCE index on Friday. Cracks are starting to appear in the technology stocks, as investors rotate out of names like Nvidia, and into more defnesive tickers in the heathcare and consumer staples sectors.

Meanwhile, it looks increasingly likey that the Fed will not cut interest rates prior to the election. 
To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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