Bad Omen? $Nasdaq100 Bull 3X E-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Bad Omen? $Nasdaq100 Bull 3X ETF(TQQQ)$

It was a day of snapped streaks. The S&P 500 gained ground Friday, though barely, to end its four-day losing streak. The Nasdaq Composite rose slightly to end its five-day slide.

The day's gains weren't enough to put the indexes in positive territory for the week, though, thus bringing an end to the impressive nine-week winning streak for the S&P 500, Nasdaq, and Dow Jones Industrial Average. Over those nine weeks, the indexes were up an average of 17%. This week, they gave back between 0.6% (for the Dow) and 3.2% (for the Nasdaq).

The week's losses came as investors seemed to reassess their portfolios and the massive gains they got from growth stocks in 2023. That meant larger losses for tech stocks (Apple fell 5.9% on the week) and gains for more beaten-up defensive names (Verizon gained 6.6%). How long this rotation lasts will be the story for next week, especially with earnings season getting under way on Friday when the big U.S. banks begin sharing their quarterly results.

More inflation data will also be closely watched, with the December consumer price index due out on Thursday. Economists expect the CPI to increase 3.2% year over year, one-tenth of a percentage point more than in November.

It's worth noting that the market took a relatively strong -- and potentially inflationary -- jobs report in stride today. The U.S. economy added 216,000 jobs in December, beating economists' estimate for 160,000 new jobs. While stocks initially fell in pre-market trading, they rallied in the morning before ending the day roughly flat.

Do You Believe in January Effect?

In 2024, the US stock market started off poorly, causing unease among investors. Some hope for a turnaround in the market, as they believe that the performance in the first month of the year sets the tone for the rest of the year's market conditions. ---------------------------------- Do you believe in January Effect? Will market turn around in January? How's your portfolio going in the first trading week?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The S&amp;P 500 gained ground Friday, though barely, to end its four-day losing streak. The Nasdaq Composite rose slightly to end its five-day slide.</p>\n<p>The day's gains weren't enough to put the indexes in positive territory for the week, though, thus bringing an end to the impressive nine-week winning streak for the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average. Over those nine weeks, the indexes were up an average of 17%. This week, they gave back between 0.6% (for the Dow) and 3.2% (for the Nasdaq).&nbsp;</p>\n<p>The week's losses came as investors seemed to reassess their portfolios and the massive gains they got from growth stocks in 2023. That meant larger losses for tech stocks (Apple fell 5.9% on the week) and gains for more beaten-up defensive names (Verizon gained 6.6%). 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How long this rotation lasts will be the story for next week, especially with earnings season getting under way on Friday when the big U.S. banks begin sharing their quarterly results.</p>\n<p>More inflation data will also be closely watched, with the December consumer price index due out on Thursday. Economists expect the CPI to increase 3.2% year over year, one-tenth of a percentage point more than in November.&nbsp;</p>\n<p>It's worth noting that the market took a relatively strong -- and potentially inflationary -- jobs report in stride today.&nbsp;The U.S. economy added 216,000 jobs in December, beating economists' estimate for 160,000 new jobs. While stocks initially fell in pre-market trading, they rallied in the morning before ending the day roughly flat.</p></body></html>","text":"Bad Omen? $Nasdaq100 Bull 3X ETF(TQQQ)$ It was a day of snapped streaks. The S&P 500 gained ground Friday, though barely, to end its four-day losing streak. The Nasdaq Composite rose slightly to end its five-day slide. The day's gains weren't enough to put the indexes in positive territory for the week, though, thus bringing an end to the impressive nine-week winning streak for the S&P 500, Nasdaq, and Dow Jones Industrial Average. Over those nine weeks, the indexes were up an average of 17%. This week, they gave back between 0.6% (for the Dow) and 3.2% (for the Nasdaq). The week's losses came as investors seemed to reassess their portfolios and the massive gains they got from growth stocks in 2023. That meant larger losses for tech stocks (Apple fell 5.9% on the week) and gains for more beaten-up defensive names (Verizon gained 6.6%). How long this rotation lasts will be the story for next week, especially with earnings season getting under way on Friday when the big U.S. banks begin sharing their quarterly results. More inflation data will also be closely watched, with the December consumer price index due out on Thursday. Economists expect the CPI to increase 3.2% year over year, one-tenth of a percentage point more than in November. It's worth noting that the market took a relatively strong -- and potentially inflationary -- jobs report in stride today. The U.S. economy added 216,000 jobs in December, beating economists' estimate for 160,000 new jobs. 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