So what is causing the market to go up today? What's going on guys? It's Ricky with tackled Solutions Hope that you guys are all having an amazing Thursday And today it was the PPI report that was Uh, was released uh and I'm sorry, but this is the Producer Price Index report which is inflation on the producing side of things, not the consumer. The CPI was yesterday PPI came in a little bit lower than what was expected, so we expected an increase of 0.2 percent for the month of June that was reported in the month of July, but it came in at 0.1 percent Again, overall PPI and core PPI coming in lower than what was expected. We also had initial claims and continuing claims for those that are unaware. initial claims are a number of people that are filing for unemployment for the first time that came in lower than what was expected 237 000 versus the expectation of 247 000.

so again, much lower continuing claims. The number of people that continue to file for unemployment 1729k right? Here we have the prior 17 18K so that one did come in a little bit higher than it did last week. Now what's going on? What other data is being factored in right now? Uh, One of the biggest leaders that I've seen at least with the big tech stocks is Google Now Google is beginning to trade sideways, but the question might be that you might be asking is, well, why is Google indicating science of an uptrend? Well, if I'm not mistaken, there was a price Target that was increased today now I actually want to show it to you guys. We talked about it during our live trading session with the Lpp team.

so alphabet price Target was raised to 105 50 a share and this was done by Morgan Stanley So again, price targets are valuable to the individual stock as they tend to act as short-term positive or negative Catalyst right? They're when analysts give either a specific like suggested expectation of where they think that specific stock should be trading at and this thing was trading at much lower, right? So yesterday was trading at 119 and obviously hearing some an analyst from Morgan Stanley state that oh, we expected Google to be valued at 150 a share instead of 140. You know it obviously creates more demand for that individual stock, right? Google's Rising Microsoft is rising. We have Metal Rising today. Amazon Rising Today we have Apple.

I mean kind of break even I mean it's still in the green, but it's rising and also Tesla was kind of struggling today, just continues to consolidate. But the overall NASDAQ Market probably has to be the most impressive one. It's the one that is continuing to indicate signs of an uptrend with higher highs and higher lows. So overall NASDAQ is incredibly bullish.

It looks like there's two main focuses that are to come and this is all I wanted to share with in this video. The first thing is we have this up and coming Fomc meeting right? The Federal Reserve according to this Federate Monitor tool and I wanted to show it to you guys is still expected to raise interest rates, which obviously that doesn't normally help the overall economy because it tends to slow the economy down when things are more expensive to borrow money. But there's a 94.2 percent probability according to this Federate monitor from Investing.com that the Federal Reserve is going to raise interest rates or a 5.8 percent probability that they will pause right now. What is the second thing? Well, the second thing is Big Tech is going to be reporting earnings Late July So right after the Fomc meeting, that's going to happen on July 26 starting July 28th.

That is when we have real big tech stocks such as Amazon Apple all those big tech stocks that really begin to report earnings. So that's something that I'm very excited for is that something that's getting factored in right now? We'll have to wait and see. But I wanted you to understand what was causing so much buying pressure today. It's not just the PPI which is the inflation on the producing side of things that came in lower than expected, but again also Google Price Target Entry School has a 1.5 trillion dollar market cap.

So therefore, if Google Rises it influences other markets just because again, it's overall influence that it has to overall markets. And then I wanted you to understand the two main focuses for that are to come. And that's the Fomc meeting which is the next interest rate hike or pause and then the last thing is going to be up and coming earnings for big. Tech I Really do appreciate you guys time.

I Hope that you guys you know learned something new. If you have any questions about what we talked about, shoot me a direct message via Discord That's the first link in the description down below and again I Do trade live every single morning and if you'd like to watch matured live as soon as tomorrow, it's going to be the second link in the description down below. Appreciate your time like always. Let's make sure that we're in the Year 100 team.