Weekly Market Update & SPY Technical Analysis November has been a wild ride for the stock market so far, with technology and innovation stocks feeling the burn as investors run for the exists in fears of overextended valuations. But it’s not all bad, other parts of the market are beginning to see an uptick in activity, specifically the healthcare and oil industries. Investors should welcome this capital rotation as it helps alleviate the technology sector and begins moving capital to underperforming parts of the market. What’s been happening? Only a handful of mega-cap stocks have been doing the heavy lifting for this market, pushing the major indexes to record highs. Nvidia alone now makes up roughly 8% of the S&P...
Weekly Stock Market Update & SPY Technical Analysis Artificial intelligence valuation concerns grew last week after the infamous “Big Short” Michael Burry revealed a position against Nvidia and Palantir. Burry famously called the 2008 crash and made billions, so anytime he screams “bubble,” the world tends to listen. However the decline in the market came from a combination of things, not just Burry’s crystal ball. The ongoing government shutdown, uncertainty around economic data and labor market, and the worry that The Fed won’t cut rates again this yea are all leaving investors more anxious than calm. Michael Burry’s position just triggered a pullback that was already in the making, and in reality, we don’t know when his position expires, and...
Weekly Market Update & SPY Technical Analysis The market got what it wanted last week, but the reaction was mixed. What do we mean by that? For one, large cap tech stocks reported record earnings, which is one of the two primary drivers of markets in the long run. The second primary driver is the interest rate, which was also lowered by The Fed last week. So, with record earnings and lower interest rates now official, why didn’t markets take off? As for earnings, investors seem to be concerned about artificial intelligence spending and how it’s weighing on profits. Yes, names like Meta, Apple, Microsoft, and Amazon all reported strong revenues, but they also all reported significant AI infrastructure spending,...
Weekly Stock Market Update & SPY Technical Analysis Important is an understatement when it comes to describing how this week is for the stock market. Between tech stock earnings, trade deals, and the latest interest rate decision, investors are facing a week filled with new information to digest. If you're in Hyper Stocks Pro, we'll guide you through it day by day in our daily updates. First, let’s discuss what happened last week:After weeks of economic data silence due the government shutdown, investors finally received some numbers about the state of inflation. September’s CPI report showed that inflation climbed to 3.0%, surprisingly below the estimates of 3.1%. Although the number is still moving in the wrong direction, the market celebrated...
Weekly Stock Market Update & SPY Technical Analysis Volatility remains elevated on the market as traders and investors assess the latest China-U.S. trade developments, the government shutdown, weakness in the labor market, and the start of earnings season. Let’s focus on what we do know: China-U.S. trade developments: Trump said yesterday that the U.S. is in a trade war with China, but we do know that the meeting between him and President Xi is still scheduled with no confirmed date as of now. Trump plans to place 100% additional tariffs on China on November 1st, but we have seen him back out of such threats last minute. There’s a good chance that the tariffs won’t be placed and negotiations will...
