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Afternoon Note

Pins and Needles

By Charles Payne, CEO & Principal Analyst
4/22/2024 1:22 PM

It’s been a gingerly move higher for the market, as investors sit on pins and needles ahead of a slew of crucial earnings reports and the PCE inflation read on Friday.

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The so-called Mag Seven must step up and follow through with strong guidance.

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Right now, the NASDAQ 100 is holding at a key support point.

It’s a good time to have dry powder and reassess current holdings.

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The fundamental story that carried this market for five months isn't over, but the hype over rate cuts is now backfiring. The good news is that fewer cuts are expected, which means any cuts will feel monumental.

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