Weekly Stock Market Update & SPY Technical Analysis Earnings will take center stage this week as investors anticipate reports from major players like Tesla, Amazon, Coca-Cola, and Boeing. Last week, Taiwan Semiconductor (TSM) and Netflix exceeded expectations, driving their shares, and the broader market, higher. Markets ended the week near record highs, and this week's earnings results will determine whether those gains can hold. With Netflix and TSM setting a high bar, Tesla and Amazon will need to deliver strong results to fuel a similar rally. For Tesla, profitability will be in the spotlight, while Amazon's focus will be on revenue growth. Tesla's net income dropped 45% in the last quarter, leading to a significant drop in its stock despite...
Weekly Stock Market Update & SPY Technical Analysis Stocks surged higher last week, ending the week at a new all time high following bank earnings and new inflation data. JP Morgan and Well Fargo were the first of many financial institutions to report, and their numbers pleasantly surprised investors by beating on profit expectations. This week, earnings season picks up momentum with major companies like UnitedHealth Group, Johnson & Johnson, ASML, TSMC, Netflix, and American Express set to report. The diversity across industries and sectors from these companies will provide valuable insights into broader market trends as earnings season unfolds. ASML and TSMC, in particular, will be closely watched due to their significant roles in the artificial intelligence and semiconductor...
Last Week’s Market Movement: The market closed the week on a positive note, thanks to a temporary resolution of the port strike and the release of new unemployment data. Port Strike Update: The Union and port workers reached a temporary agreement, allowing workers to return to their jobs with a 62% wage increase, slightly below the initial demand of 77%. While this agreement is only in place until January 15th, the immediate threat of disruption has subsided, easing market concerns over potential supply chain impacts. Unemployment Data: The U.S. economy added 225,000 jobs to the private payroll sector, lowering the unemployment rate to 4.1% from last month’s 4.2%. This improvement reassures investors who were worried that the Fed's recent 50...
Markets hit a new milestone last week, with major indexes reaching another all-time highs, driven by positive GDP and inflation data. Second quarter GDP grew at a rate of 3%, meeting expectations and reassuring investors that the U.S. economy is not slipping into a recession. Additionally, the PCE inflation report came in at 2.2%, the closest it has been to the Federal Reserve’s 2% target, further bolstering investor confidence. These encouraging economic reports pave the way for more interest rate cuts and help reassure investors that The Fed’s decision to cut rates by 50 BPS was the right decision. This week, attention turns to the labor market as September’s employment data is set to be released. The U.S. unemployment rate...
Last week, the S&P 500 reached a historic all-time high, driven by the Federal Reserve’s unexpected decision to cut interest rates. The Fed announced a 50 basis points (BPS) rate reduction, citing a positive trend in inflation data and a resilient labor market. This “jumbo” rate cut has raised questions among investors and analysts alike. While the Fed emphasized the decreasing inflation as justification, critics argue that it might be a proactive attempt to stave off rising unemployment and prevent a potential recession. Throughout this week, various Federal Reserve members will be speaking to provide additional insights into the rationale behind this significant rate cut and their individual perspectives on the future direction of U.S. economic policy. Economic Data to...
