Market Update 8/30/23
- A Punkrock Capitalist
- Aug 30, 2023
- 1 min read
Markets closed higher yesterday with the S&P 500 up 1.45%, DOW up .85%, Nasdaq at 1,26% and Bitcoin (BTC) at $26k. Private payroll data shows August saw 177k jobs added to the economy. Lower than last month and lower than expected. This is kinda what the FED is looking for, so it could mean an earlier end to rising rates.
US GDP is revised down to 2.1% from 2.3%. Another Fed dream.
Stocks I am Watching
Melius Research says NVIDIA (NVDA) is actually cheaper than Microsoft (MSFT), Alphabet (GOOG), Apple (APPL) when looking at Value-to-Sales.
Palo Alto Network (PANW) initiated with a BUY from Westport Capital.
Happy Investing!
The Punkrcok Capitalist
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