To The Moon

It’s that time of the year and I don’t mean “Christmas”. :-p Rather it’s that time of the year where Wall Street’s top strategists inform clients where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the $S&P 500(.SPX)$ climbing by about 10%, which is in line with historical averages. This year, strategists are offering a pretty wide range of views. Some see weakness. Some see strength. The targets range from 4,200 to 5,500, implying returns between -8.5% and +19.7% based on Fri, 01 Dec 2023’s closing. For what it’s worth, the forecasts are not as skewed to the downside as they were in 2022. Caution ! Before proceeding, please remember to take the predictions with a pinch of salt. Do

Investors awaited the Federal Reserve's interest rate decision and key inflation data, semiconductors rose, and blockchain stocks plunged Monday as bitcoin prices had their worst day since August.On the data front, a survey released by the New York Fed showed that consumers expected inflation to be 3.4 percent a year from now, down from 3.6 percent expected in October and the lowest since April 2021, as expectations for higher gasoline and lease costs eased. In addition, the inflation rate over the next three and five years is stable at 3% and 2.7%, respectively.On the political and economic front, the super central bank week comes out, the global financial markets are closely watching the Fed's interest rate decision on the 13th, given that it is certain to stay on hold, the market will p

$Meta Platforms, Inc.(META)$ All of a sudden, it's starting to look like the "Magnificent Seven" might be losing some of their shine. Although it's difficult to draw conclusions like this from a single trading session, something remarkable happened in the U.S. stock market on Monday that has caught Wall Street's attention and raised fresh questions about leadership in the U.S. stock market going forward. All three major U.S. equity indexes finished at fresh 52-week highs, with the Dow Jones Industrial Average DJIA closing at its highest level in nearly two years. Yet not a single member of the "Mag 7" finished in the green. Instead, they were all deeply in the red, with every member of the elite group of megacap tec