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...
Weekly Stock Market Update & SPY Technical Analysis This week may be the most closely watched of the quarter as investors await earnings from multiple large-cap companies and key economic reports. Earnings this week include reports from Google, Microsoft, Meta, Apple, and Amazon, five of the “Magnificent Seven” stocks that have propelled the market to all-time highs this year. Traders will be on edge as they await the outcomes, with many hoping these companies will replicate Tesla’s momentum from last week. All five companies have ambitious targets to meet, and while they’re likely to meet them, investors will want updates on artificial intelligence. It has been a few quarters since many of these companies began rolling out AI initiatives, so...
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...
