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The Compound and Friends
Return of the Meme Stocks, Big AI Announcements, Solving a Market Mystery With Nick Colas and Jessica Rabe
May 14, 2024
Nick Colas and Jessica Rabe from DataTrek Research discuss market highs, unsolved Wall Street mysteries, earnings, venture capital, and more. They dive into seasonal stock performance, AI investments by Big Tech, scams, PPI analysis, economic data volatility, meme stocks resurgence, and investment potential in the movie industry.
01:39:13
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Quick takeaways
- Market responds positively to monthly PPI increase, showing resilience to inflation figures.
- Businesses' reduced intentions to raise prices may better predict future inflation trends.
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Mixed Results from April PPI Release
The April PPI release showed a higher than expected 0.5% increase in month-over-month prices. However, the year-over-year gain of 2.2% was in line with expectations. Energy prices were up 2%, while goods increased by 0.6%. Food prices decreased by 0.7%. The market initially reacted with concern but later reassessed the data, indicating that the market was not overly worried about the results.
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