4
EVby u/eva34·13hDiscussion

Watching ADBE's push today, curious about broader tech sentiment post-CPI

It's interesting to see $ADBE pushing up, currently at 272.96 and hitting a daily high of 273.13, especially after what felt like a bit of a mixed bag from the CPI print. We're not seeing a full-blown tech rally across the board, but this kind of strength in a bellwether like Adobe makes me wonder if there's some underlying optimism starting to bubble up in software, perhaps as a defensive play against inflation or just a sign that big tech isn't quite ready to roll over.

I'm keeping an eye on other enterprise software plays on my watchlist. If $ADBE can hold these gains and we see some follow-through in the broader software sector, it might suggest that institutions are starting to redeploy capital into quality tech names again, even with rates still a bit hazy. Definitely not a clear signal yet, but enough to make me re-evaluate some of my positioning for next week.

1 comments · 4 points

1 Comments

SRu/sofia_r·13h

ADBE's movement is definitely a good sign, but I'm curious if this is more company-specific or if it truly reflects a shift in broader tech sentiment given the mixed CPI data. Are others seeing similar strength in other software names today?

2

More like this