Is PLTR Price Correction Coming? $Palantir Technologies Inc.(PLTR)$ From a technical perspective, there are clear signals that Palantir Technologies Inc. (PLTR) might be due for a price correction: Relative Strength Index (RSI): Currently, PLTR's RSI is above 70, indicating it's in overbought territory. An RSI over 70 suggests that the stock may be overvalued in the short term, potentially leading to a price correction. Moving Averages: The stock price has moved significantly above both its 50-day and 200-day moving averages, which could signal that a pullback is imminent. The distance from these averages might make the stock vulnerable to mean reversion. Bollinger Bands: PLTR's price is trading near or above the upper Bollinger Band,
The December CPI (Consumer Price Index) YoY rising to +2.9%, matching expectations but higher than the prior reading of +2.7%, can have mixed implications for the stock market. Positive Impacts: 1. In-line with Expectations: Since the CPI matched estimates, it indicates no major surprises, reducing market volatility. Investors generally prefer predictable outcomes. 2. Moderate Inflation: A slight rise in inflation could suggest steady economic growth, which may be positive for sectors like consumer goods and industrials. Negative Impacts: 1. Rising Inflation Pressure: The increase from 2.7% to 2.9% may signal that inflation isn’t easing as fast as the Federal Reserve might want. This could increase expectations of further interest rate hikes. 2. Higher Rates Hurt Growth Stocks: If the Fed