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...
Weekly Stock Market Update & SPY Technical Analysis Markets reached a new milestone last week, with Dow Jones stocks leading the charge higher. Strong earnings from John Deere boosted farming and construction stocks to record levels, prompting bullish investors to shift capital into sectors that had lagged behind the tech-driven rally. This redistribution of capital is a positive sign for the bull market, as it allows overheated stocks to cool off and consolidate. Nvidia, one of those high-performing names, also reported earnings last week. Despite delivering stellar results, the stock remained flat, likely because the strong performance had already been priced in. With no unexpected surprises, Nvidia’s earnings failed to spark a significant reaction. Now that Nvidia's earnings are behind...
After a sharp and unexpected market downturn, all eyes are on Nvidia’s upcoming earnings report, which could potentially revive the markets and push them back toward all-time highs. With a staggering $3.4 trillion valuation, Nvidia stands as the most valuable company in the world. Its earnings performance is poised to significantly impact market sentiment, particularly as investors ride the wave of enthusiasm around the AI trade—and more recently, the "Trump trade." Adding to the high-stakes week are earnings reports from major retailers like Walmart and Target. The past three monthly retail sales reports have delivered mixed signals, leaving uncertainty about the broader retail landscape. While insights into their past quarter performance are anticipated, the focus will likely shift to...
Weekly Market Update & SPY Technical Analysis All-time highs have become a regular theme this year, but last week was particularly historic as the S&P 500 broke above 6,000 for the first time. What began as a year of skepticism has turned out remarkably well for investors, with the S&P up 26% year-to-date and other major indexes following suit. With just under two months remaining, the probability that markets will finish the year strong appears high. Last week, markets reacted to a contentious election and newly set interest rates, both of which proved bullish for investors. The “Trump Trade” was in full swing following the election results, lifting financial and crypto markets. This reminiscent rally has some investors wondering if...
Weekly Market Update & SPY Technical Analysis The US presidential election is on the line, and investors are watching at the edge of their seat. Lets discuss possible scenario outcomes: Under Donald Trump: Pro-Business Stance: Trump's policies typically favor lower taxes, reduced regulation, and incentives for businesses, which can boost corporate earnings and stock valuations. Energy and Manufacturing: Industries such as oil, gas, and traditional manufacturing might see gains due to supportive policies and deregulation. Trade Policies: More aggressive trade stances could create volatility, especially if tariffs or trade wars are reignited. This could reignite inflation in the U.S., something that may spook the markets. Under Kamala Harris: Social and Environmental Focus: Policies under Harris might focus more on social...
