Market Update Newsletter 9/7/23

Markets dropped yesterday with NASDAQ leading pack down 1.06%.

If you've been following me you know we expect another rate hike this year and no easing till the latter quarters of '24. Investors are not so sure about it this is why the market is currently so volatile.

Apple (AAPL) has been banned from use for Chinese government officials. That is serious. Apple makes product in China for Chinese and the ban is a message to the US that foreign companies are slaves to the party if they grow in China.

Stocks I am Watching

Roku (ROKU) is laying off 10% of the workforce to bring down operation expense growth costs. Stock was up 10% yesterday and receives several raises. Roku will win if streaming wins.

Oracle (ORCL) raised by Jeffries PT $145.

Happy Investing!

The Punkrock Capitalist