From Nasdaq, Inc.:

Janet Yellen accidentally leaks her thoughts on inflation by stating, “We don’t have to get the prices down because wages are going up.” Yellen’s comments reflect economic insensitivity and a lack of awareness about the impact of inflation on purchasing power, especially for those on fixed incomes. DKI believes the primary cause of inflation is due to government overspending, not supply chain issues.

Bitcoin rebounds after a slight dip following the SEC’s approval of 11 Bitcoin ETFs. The drop was celebrated by Bitcoin bears, but DKI believes it’s unwise to have a short-term opinion on Bitcoin. The recovery of the drop proves that a 10%-20% move doesn’t make anyone right or wrong about the asset.

DKI releases a report on Shockwave Medical (NASDAQ: SWAV) after premium subscribers started buying at $191, now at $235. The company makes a device for placing cardiac stents in difficult cases of calcification. Despite the stock’s rise, DKI sees further upside and the potential for acquisition at over $300.

Cameco (NYSE: CCJ) announces lower than expected uranium production and the need to buy spot uranium. DKI believes the market got it wrong, as uranium prices fell after the announcement. The positive thesis on uranium is related to increased nuclear plant construction, leading to rising demand before supply.

The used car market sees a significant drop in prices, reversing a pandemic-related increase of more than 60%. The decreased prices will help lower the consumer price index (CPI), as used cars and trucks make up 2.5% of the index. DKI believes this will lead to a meaningful decrease in the CPI, given the recent tight numbers.



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