As Wall Street bears anticipate a potential third-rate hike by the Fed this summer, following the recent Consumer Price Index report, investors are closely watching for signals in the market. The report showed an annual rate of +6.4% for headline inflation, driven primarily by rising shelter costs. While the CPI’s shelter calculations may not reflect real-time housing costs, the Fed has been tracking “super-core” inflation to determine where inflation is going and how fast. However, while declining housing costs may show up later this year, bears warn that high inflation in other areas could keep prices underpinned.
Investors are debating the Federal Reserve’s upcoming decisions as the US economy shows no signs of slowing down. Recent economic indicators include higher-than-expected job gains, inflation rates from the Consumer Price Index, and stronger-than-expected Retail Sales. In January, Retail Sales rose by 3.0%, with every category showing a monthly gain. Food services and drinking places saw the biggest surge at 7.2%, a 24% increase from January of last year, which may be attributed to the decrease in Covid worries. Despite this, the increase in spending suggests that the US consumer is not struggling significantly.
To help investors navigate this challenging market, SparkTrade.io provides prediction scores and buy and sell signals for equities every day. The platform also analyzes various sectors, providing a LONG Prediction Index Score that indicates the top companies most likely to appreciate in price over the next 90 days and a Short Prediction Index Score that indicates those that may experience a decline in price.
According to SparkTrade.io’s data, the Technology sector has the highest Short Prediction Index Score of 62.29%, suggesting that some companies in the industry could face challenges in the near future.
If you’re considering investing in the technology sector, through the power of SparkTrade.io AI, you may have a better opportunity to buy at a lower price the companies that SprakTrade.io will help you sort through at that optimal time. SparkTrade.io updates each evening based on the close of the market data each day.
Trends and themes surface in the media after the optimal pricing opportunity has passed. By having AI mine the data for you, choices and opportunities will present before it is visible to the masses of investors. Yes, you will be interacting with the computer generated data and opportunities in place of a human outlining the data through a limited lens.
While no investment is completely risk-free, using the power of data and advanced analytics can help you make more informed investment decisions. So, whether you’re a seasoned investor or just starting, incorporating data science into your portfolio management can provide valuable insights and help you make the most of your investment opportunities.
By incorporating advanced data science into their portfolio management and trading strategy, investors can make more informed decisions in this challenging market.