Tackle Today: Free Daily Stock Market Report
PI Data Shows Inflation Easing, Market Finds Support
February’s PPI was flat (0.0%) vs. the expected 0.3% rise, while core PPI dropped 0.1%, marking the biggest decline since April 2020. Combined with this week’s cooling CPI data, inflation is clearly moderating, and the market is starting to stabilize, with momentum slowing over the past two sessions. Despite the market pullback and declining inflation, rate cut expectations remain unchanged. President Trump has made it clear he wants lower interest rates, but the Fed isn’t budging, with futures pricing still locked in for no near-term cuts.
Government Shutdown & Trade War Keep Uncertainty High, Gold Hits All-Time High
The March 14 government shutdown deadline is here, with Senate Democrats stalling the House-passed funding bill. Markets are bracing for the fallout, as a shutdown could delay payments, hit consumer confidence, and pile onto existing volatility. Meanwhile, the trade war escalates as Trump threatens 200% tariffs on European alcohol, in response to EU retaliation over U.S. steel and aluminum tariffs. The EU has vowed to respond, fueling broader global trade uncertainty, which might be the market’s kryptonite — but Gold loves it. The precious metal broke out to an all-time high, as traders rush to safety amid the uncertainty.
$INTC +15% as New CEO Sparks a Major Reversal
Intel surged 15% premarket after naming Lip-Bu Tan as its new CEO. Tan, best known for turning around Cadence Design Systems, brings deep industry expertise as Intel looks to rebuild its competitive edge. Investors cheered the move, as the stock gapped higher, pushing into its 200-day SMA in a strong reversal. The stock has been under pressure for months, and this leadership shakeup might be the spark bulls were waiting for.
$ADBE -11% as Weak Guidance Crushes Momentum
Adobe posted EPS of $5.08 ($4.97 expected), a 2.2% beat, and revenue of $5.71B, up 10% YoY. However, full-year guidance disappointed, with the company projecting lower-than-expected revenue growth due to increased AI competition and macro uncertainty. Investors reacted swiftly, sending shares down 11% in premarket trading. The stock gapped down and continued to sell off, breaking key support, putting it in a technical danger zone.
$DG +5% as Reversal Pushes Toward $80
Dollar General reported EPS of $1.83 ($1.76 expected), a 4% beat, with revenue up 4.5% YoY. Despite the solid quarter, the company’s outlook remains cautious, citing ongoing pressure from inflation and a slower-than-expected consumer recovery. The stock, however, is up 5%, testing $80 as buyers step in to defend key technical levels, setting up a potential trend shift.
What’s Coming Up at Tackle Trading?
The Trader’s Lounge will be held at 1:00 PM EST today as we hold another Macro Monday edition of the lounge. Come start your trading week off right!
The Cash Flow Club will begin at 8:30 PM EST tonight. Coach Gino will do what he does best…teach cash flow strategies!
Cash Flow Vikings Trading Lab will begin at 7:00 PM EST tonight. Coach Mark will lead his Vikings though another chapter of the Hitchhiker’s Guide to Imploding markets!
Gold Futures (/GC)
Gold pushing a breakout this morning. We highlighted recently that when gold consolidates in a tight range after a pullback it leads to an attempt to push higher. This has been a repeated pattern over the last couple of years and playing out again that way this morning.
