Stocks finish Friday flat 😐

Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. 

Stocks are closed on Monday for Martin Luther King Jr. Day, so we’ll be back on Tuesday with another serving of hot stocks.

Here’s what moved the market today.

Markets 📈

U.S. benchmarks closed the trading week with another mixed performance. Most indexes ended the day within a stone’s throw of where they began it.

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Market-Moving News 🔎 

🤞 Investors Hope for March Rate Cut

Investor optimism for a rate cut in March is on the rise, as evidenced by the increasing odds reflected in federal-funds futures.

Data from CME Group indicates that the likelihood of a March rate cut climbed to over 80% on Friday, up from 73% on Thursday and 68% at the end of the previous week.

📊 CPI and PCE: A Comprehensive View on Inflation

• CPI's Influence: While the Consumer Price Index (CPI) reports garner significant attention, they don't provide a complete picture of inflation trends. The CPI data for December suggested a slightly higher-than-expected rate of inflation.

• Federal Reserve's Focus: The Federal Reserve places more emphasis on the Personal Consumption Expenditures (PCE) Price Index. PCE includes CPI data with certain elements of the Producer Price Index (PPI), and it’s widely considered to be the Fed's favored inflation gauge.

🔍 Deciphering PCE Inflation
Analysts gain a clearer understanding of PCE inflation once both CPI and PPI data are available.

The release of December's PPI data, which included a favorable report on healthcare services inflation, has led to revised, lower projections for PCE inflation.

This development is fueling the market's expectation of a potential rate cut by the Fed in March.

🌐 Market Implications
This shift in market sentiment towards a potential rate reduction reflects a nuanced understanding of inflationary trends, going beyond the headline CPI figures.

The anticipation of a rate cut illustrates the market's adaptability to evolving economic indicators, with a keen eye on the Fed's preferred metrics.

Applied UV [AUVI] $3.81 (+67.1%)
said it would launch its Fighter Flex LED solution at the AHR Expo on January 22nd, and it’s actively finalizing distribution deals.

Entrera Bio [ENTX] $1.09 (+34.0%)
disclosed a minor insider buy of 7,615 shares by director Haya Taitel at an average price of $0.77 apiece.

SYLA Technologies [SYT] $5.58 (+33.8%)
acquired became RIBERESUTE’s largest shareholder after acquiring a 20.39% stake in the company, according to a premarket press release.

Sphere 3D [ANY] $1.93 (19.2%)
fell after several Form 4 filings revealed a rush of insiders exercising stock options resulted in the issuance of more than 200K shares.

SEALSQ [LAES] $2.26 (28.7%)
pulled back after rallying 62.5% yesterday, after it announced a $10 million private placement of shares and convertible warrants.

Minim [MINM] $2.97 (27.0%)
received a letter from Nasdaq notifying it that it is not in compliance with the exchange’s minimum shareholder equity requirement.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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