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I see a range. Right now at the range low so maybe rebound to the range high from here.
Gap down but within the yesterday's range so likely it's just a range day.
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The Federal Reserve's favorite inflation gauge showed its biggest year-over-year increase since September 1983. December's core PCE price index, excluding the food and energy sectors, jumped 4.9% from a year ago.
Last night, Apple reported record revenue for its December quarter, despite supply chain disruptions cutting into sales. Apple beat analyst estimates for sales in every product category except iPads. Adjusted per-share earnings also topped expectations.
Apple CEO Tim Cook told CNBC those supply chain challenges are showing signs of improvement. He also addressed rising prices: "I think everybody's seeing inflationary pressure. There's no two ways about that." Apple ended its December quarter with a net cash position of $80 billion.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.