Weekly Stock Market Update & SPY Technical Analysis Investors are preparing to wrap up the final days of the year, with many wondering whether indexes will close near their record highs. This year, the Dow Jones surpassed 40,000 for the first time, the S&P 500 exceeded 6,000, and the Nasdaq climbed above the 20,000 mark. These psychological milestones were reached due to the bullish momentum seen throughout the year. However, momentum has shifted in recent weeks as investors await the start of the new year. A new year often brings fresh opportunities, but it takes time to evaluate where capital will flow and which sectors will dominate. Currently, industries like artificial intelligence, data centers, autonomous driving, quantum computing, robotics,...
Weekly Stock Market Update & SPY Technical Analysis Investors are gearing up for a shortened holiday week as markets will close early on Tuesday at 1 PM ET and remain fully closed on Wednesday for Christmas. Despite the holiday, this week’s developments will be closely monitored following last week’s spike in market volatility and key events. Markets are still digesting a slew of economic updates from last week, including the Fed’s FOMC meeting and interest rate decision, Q3 GDP data, December’s Consumer Sentiment report, and the PCE inflation index. These reports have left investors uncertain about the road ahead. The Fed’s commentary last week was mixed, with the primary takeaway being that fewer interest rate cuts than previously anticipated are...
Weekly Stock Market Update & SPY Technical Analysis Last week, the markets edged to new all-time highs, but both volume and buying momentum showed signs of slowing as traders and investors await the Federal Reserve's final interest rate decision of the year. The FOMC meeting on Wednesday will determine whether the Fed continues its path of interest rate cuts or holds steady. Earlier this month, further rate cuts seemed like a straightforward decision, but recent economic data has complicated the picture. Reports of rising inflation suggest that this year’s rate cuts may have already begun to push inflation in the wrong direction. At the same time, the U.S. unemployment rate has been creeping upward, adding another layer of complexity. ...
Weekly Stock Market Update & SPY Technical Analysis Inflation takes center stage this week as investors brace for November's Consumer Price Index (CPI) report. After a promising dip to 2.4% in September, inflation has edged higher, rising to 2.6% in October and now projected to hit 2.7% in November. This upward trend comes just days ahead of the Federal Reserve's FOMC meeting, where officials are expected to decide on the next steps for interest rates. The U.S. labor market’s resilience has prompted the Fed to implement aggressive rate cuts recently, but these actions have inadvertently reversed progress on inflation. If inflation continues to rise, the Fed may face a difficult choice between two unappealing outcomes: tolerating runaway inflation or...
Weekly Stock Market Update & SPY Technical Analysis November delivered the best stock market performance of the year, fueled by a post-election surge following Trump's victory. The S&P 500 reached a historic milestone, surpassing 6,000 for the first time, while the Dow and Russell 2000 also hit new records. Notably, capital rotated out of semiconductor stocks and into sectors like financials, construction, and materials. Although the sharp decline in semiconductors caught many off guard, the pullback is a healthy sign for the broader market. Bull markets need diversification, and spreading capital across various sectors enhances market breadth and sustainability. Looking Ahead: December's Market Outlook As markets enter December, investors are anticipating the “Santa Rally,” a period traditionally characterized by...
