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This week is very light on macro ahead of FOMC. We got CPI last week, the last main data point before FOMC.
Housing continues to show trends of increasing prices since the PPI came back as no change. While some materials continue to come down over the last two years, others continue to rise.
High-yield bonds continue to outperform treasuries and other bonds since their returns are comparable to equities. With recent data, prices have recovered slightly with less fear of inflation sticking around, resulting in less fear of interest rate risk.
Tesla continues its strong upward trend since the lows at the start of the year. The current consensus EPS forecast for Tesla is 0.69, with a high forecast of 0.9. The stock is currently trading at $290.40.
Oil had a very short-lived rally on Monday as Reuters published news that Saudi Arabia was further extending output cuts, incorrectly repeating news from early June. Reuters shortly removed the news.
In this week’s T.A. section, we continue where we left off on tickers such as XAU/USD (Gold), Matic, and Filecoin. Apart from that, we are introducing a new trading plan on FET, an AI-related cryptocurrency altcoin.
Read more to see what’s next in our mental health challenge! Join our Telegram group and share your journey with us and the community.
This week we travel to Alberobello, Puglia, and learn to make their famous Orecchiette con Cimen di Rapa, paired with a delicious white Polvera Nera.
Current Portfolio Allocation
PRIVATE EQUITY: 18%