Fast Money Blog- 4/12/24

This week Wall Street reacted to Wednesday’s Consumer Price Index Report. CPI data showed that U.S. consumer prices rose to a 3.5% increase for the 12 months ending in March.  This is a considerable rise from February’s 3.2% rate, and the highest annual gain in the past six months.  This increase was due mostly to higher shelter and gas prices. 

Market Reaction

In short, the market is concerned that the Federal Reserve may not lower interest rates for the remainder of 2024. As a result some of your stocks dropped $2 or more. 

However, you’ll notice that companies in the S&P 500 and the Dow Jones Industrial Average will retrace some point within the next 60 days. 

Stay open and stay positive.

Tyrone Jackson

The Wealthy Investor

P.S. It’s not too late to register for this year’s Wealthy Investor Fast Money Stock Trading Intensive in Maui, HI. Limited time discount only available for a few more days!This was another positive week for Wall Street.