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...
Weekly Stock Market Update & SPY Technical Analysis Tariff fears are driving markets again, forcing U.S. equities to post their worst performance since April of this year. The sell-off wiped $1.5 trillion in market value across the market, with technology stocks leading the way down. What exactly happened?On Friday, Trump posted on Truth Social that China had been sending letters to countries across the world warning them that it would impose export restrictions on “each and every element of production having to do with Rare Earths, and virtually anything else they can think of.” He described the move as “shocking” and “hostile,” saying it “came out of nowhere” and alleging that other nations had already reached out to tell...
Weekly Stock Market Update & SPY Technical Analysis The government is shutdown, which means economic data is delayed. This adds vagueness to the already uncertain environment, but markets seem to be strutting along just fine. Fueled by excitement over artificial intelligence and lower interest rates, indexes reached new records last week. OpenAI, the company behind ChatGPT, hit a record $500 billion in valuation, making it the most valuable non-public company. This obviously helped names like Nvidia and other semiconductors reach all time highs and eclipsed all worries around the government shutdown and lack of economic data. What we should’ve gotten:Last week, markets were expecting the latest U.S. unemployment rate, which was forecasted to be 4.3%, but the shutdown prohibited the...
