31/1 (Tue) ➡️ The VIX dropped 2.71% to 19.4 after rising earlier in the day🥳 Whenever the VIX dips below 20, the stock market marks a medium-term top & indicates that the investment crowd is extremely complacent about the current outlook, having little reason to worry❣️The DJIA, S&P 500, & Nasdaq all closed higher, reversing declines on 30/1 & in equity futures after data showed labour cost growth in the Q4 was the smallest in a year, at 1.0%, even in a tight labor market. Other data showed consumer confidence eased in Jan, as inflation expectations for the next 12 months climbed to 6.8% from 6.6% last month.
🥳 DJIA added 1.09% to close at 34,086.04🐂
🥳🥳 S&P 500 climbed 1.46% to close at 4,076.6, crossing the 4000 mark. It closed up 6.2% for the month, its 1st January gain since 2019🐂🐂
🥳🥳🥳 Nasdaq climbed 1.67% to close at 11,584.55, strengthening further after breaking the 11,000 mark. It surged 10.7% for its biggest percentage gain for the month of Jan since 2001🐂🐂🐂
🔎Sector-Stock Trend Analysis🔍:
(1) Popular tech stocks all gained 0.21%-2.57%🤗🤗🤗 with AMZN📦 being the biggest gainer🥳 MSFT tagged closely with 2.10% followed by GOOGL💻 with 1.96% & APPL🍎 with 0.9%
$Amazon.com(AMZN)$(2) Popular chip stocks all gained except TSM that lose a small 0.43% & MU that dropped 2.28%
(3) Popular 🇨🇳 stocks was mixed with losses up to 3.18% & gains of 0.85% as there was a pullback in the HKEX.
(4) On the EV front, it was also mixed but RIVN was the biggest gainer with 7.54%, followed by XPEV with 6.19%, then TSLA at 3.94%
Fellow 🐯🐯🐯, do watch the Earnings closely to inform your investing decisions as the 🐂 rally can turn 🐻 anytime🤓 Please help to click on the “Like” & “Share/Repost” buttons at the bottom right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️
Follow me if you enjoy reading my analytical stock research🔍 presented in a fun & easily understandable way😉
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
Comments