Today Craig began by elaborating on some minimal movements in the major indices, continuing to highlight the importance of technology and AI-specific stocks in their increases. He also explained how the possibility of interest rate cuts also propped up these indices. He then transitioned into some favorable news about the Producer Price Index along with an explanation of what the inflation measurement reflects. He finished off with a specific discussion about Nvidia’s overtaking of Apple Inc. in market value and what this means for the rebalancing of company-weighted market indices.
