Consolidation Rally. Just when other US stocks are on a rage, charting new ATHs almost on a daily basis, one of my favourite stocks $Nu Holdings Ltd.(NU)$ undergone a consolidation instead. On Mon, 16 Dec 2024, it fell further by -1.68%, closing at $11.74. (see below) On Tue, 17 Dec 2024, it rose marginally by +0.86% to close at $11.70. On Wed, 18 Dec 2024, it ‘crashed’ by -10.19% to close at $10.40. Worst fall in a very long time. On Thu, 19 Dec 2024, it fell again by -3.28% to close at $10.33. On Fri, 20 Dec 2024, it rose by +1.37% to end the week at $10.38. At one point in time, it went as low as $10.21 intraday. Past month: As of 20 Dec 2024, NU has been down by -22.54%. Correction commenced since its 25 Nov 2024 peak of $14.23 and it is still o

Major US stock indexes stabilized on Thu, 19 Dec 2024 but failed to hold onto early gains. This comes a day after the Fed's Wednesday revised outlook for interest rates and inflation, triggering a steep selloff. By the time market called it a day: (see above) DJIA: +0.04% (+15.37 to 42,342.24). Snapped its 10-day stretch of decline. Still, it was the longest streak of daily losses since 04 Oct 1974. S&P 500: -0.09% (-5.08 to 5,867.08). Registered 2 new 52-week highs & 40 new lows. Nasdaq: -0.10% (-19.92 to 19,372.77). Recorded 29 new highs and 276 new lows. Trading volume on US. exchanges was 16.33 billion shares, compared with the 14.52 billion average for the full session over the last 20 trading days. US Q3 GDP - Final. On Thursday morning, US market rose initially after the Com

The Fall ! In my Wed, 18 Dec 2024 post, I had assumed that $BigBear.ai Holdings(BBAI)$ will continue to rise further upon the Fed’s confirmed -0.25% interest cut. As it turned out, it could not have been further from the presumptuous assumption. US market crashed big time on Wednesday (afternoon onwards) due to the hawkish stance the Fed adopted, in lieu of its last interest cut for 2024 and the strategic reduction in the number of planned interest cuts going into 2025. There were just a handful of stocks that defied logic and rose, most crashed with varying severity. BBAI was not one of the exceptions unfortunately. It fell by -7.94% (or -$0.27), ending Wednesday at $3.13 per share. In my Wednesday post, I have also shared a scathing report by Ic

There is this informal English idiom that best described what happened to US market on Wed, 18 Dec 2024. It is "damned if you do, damned if you don't". When Fed chair Mr Jerome Powell confirmed the -0.25% interest cut officially, thought the suspense that was keeping everyone hanging by a thread will turn into a rally. Instead, market crashed big time: (see above) DJIA: -2.58% (-1,123.03 to 42,326.87). S&P 500: -2.95% (-178.45 to 5,872.16). Posted 6 new 52-week highs and 27 new lows. Nasdaq: -3.56% (-716.37 to 19,392.69). Tech index recorded 80 new highs and 264 new lows. On NYSE, declining issues outstripped advancers by a 9.489-to-1 ratio. On Nasdaq, decliners beat advancers by 5.46-to-1 ratio. Wednesday’s trading volume on US exchanges was 18.59 billion shares, compared with the 14.

I thought the worse of US market on Fri, 13 Dec 2024 & Mon, 16 Dec 2024 would be over, come Tuesday. My optimism was largely unfulfilled. On Tue, 17 Dec 2024, Dow Jones notched its longest losing streak in nearly 47 years. US 3 Composite Indexes - Tue, 17 Dec 2024: (see above) The blue-chip index fell -0.61% (-267.58 points to 43,449.90), leading major US indexes lower. Last time the Dow declined 9 days in a row was in February 1978. Meanwhile, the S&P 500 shed -0.39% (-23.47 to 6,050.61). Tech-heavy Nasdaq Composite dropped -0.32%. (-64.83 to 20,109.06). Advancers outnumbered decliners by a 1.05-to-1 ratio. According to Federated Hermes, VP and Hd of multi-asset, Damian McIntyre: He attr

On Mon, 16 Dec 2024, US market still exhibited a nervous stance, despite CME Fedwatch tool still registers an elevated 97% probability of a -0.25% interest cut, while bitcoin surged to a record high of $107,800 intraday. When US market called it a day: DJIA: -0.25% (-110.58 to 43,717.48). Closed lower for 8th straight day. S&P 500: +0.38% (+22.99 to 6,074.08). Coming off its first losing week in the past month. Nasdaq: +1.24% (247.17 to 20,173.89). Tech index crossed its first 20,000 points record high. Magnificent Seven performances on 16 Dec 2024 Although Nasdaq had a new ‘peak’, only two sectors and two particular stocks “helped” push Nasdaq its finishing close; not all Magnificent Seven stocks. (see above) It was sector “Communications services” and

My favorite last line from Animal Farm by George Orwell is, “The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.” (see above) I know Animal Farm is a political satire fiction. The idea that I wanted to borrow and apply to both $NVIDIA Corp(NVDA)$ and $Amazon.com(AMZN)$ is, when it comes to pursuing all things artificial intelligence, the lines are starting to blur. Join me as I explain and share my thoughts. In the artificial intelligence “chip” arena, the winner is clearly Nvidia. However, that does not mean other tech titans are sitting on the sidelines. AMZN’s Challenge. On Tue, 03 Dec 2024, the tussle for A

Stock indexes on Friday settled mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials posting a 3-week low.  When 4pm came around: Dow Jones: -0.20% (-86.06 TO 43,828.06). Slid for a 7th straight day, longest losing streak since 2020. For the week, the Dow posted a -1.8% decline. S&P 500: -0.00% (-0.16 TO 6,051.09). Ended Friday’s session little changed. Index posted 8 new 52-week highs and 15 new lows. For the week, it slid about -0.6%, effectively ending the 3-week winning streak. Since its inception in 1957, the S&P 500 has returned +10.23% a year on average. Nasdaq: +0.12% (+23.88 to 19,926.72). It recorded 75 new highs and 199 new lows. For the week, the tech index rose +0.3% during the period. Trading volume on US exchanges amount