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CUKPF - PCE Was Great Stocks Soared Then Reversed This Is The Message
Carnival Plc
2024-06-30 23:57:40 ET
Summary
Market may be due for a 5-7% drop, but recent PCE numbers show a disinflation trend and other positives to keep the market reaching for highs by yearend.
S&P 500 chart indicates a possible sideways consolidation or slight decline before continuing higher.
Market participants may shift focus from Super Six stocks to other sectors like tech, consumer discretionary, and cybersecurity.