To The Moon

Last Week's RecapThe US Market - $.SPX(.SPX)$ and $Dow Chemical(DOW)$ declinedThe benchmark index slid 0.64% last week to end a three-week winning streak, while the Dow posted a 1.8% decline and fell for seven consecutive days. However, the tech-heavy $.IXIC(.IXIC)$ secured its fourth consecutive week of gains.Two big inflation reports sealed the deal for a Fed rate cut on December FOMC, even as some results pointed to a stronger growth backdrop. The headline CPI rose 2.7% yoy and core CPI rose 3.3% yoy, both met the expectations. The overall PPI rose 3% from the year prior, above what economists had projected. And the Core PPI was also upward revised.“Alternatin

Last Week's RecapThe US Market - The S&P 500 and Nasdaq refreshed new highsThe S&P 500 and Nasdaq freshed their records on Friday after November jobs data came in slightly better than expected. The S&P 500 and Nasdaq notched third straight positive week, rising 0.96% and 3.34%, respectively. The Dow slipped 0.6% during the period.The November labor report, released Friday morning, revealed that nonfarm payrolls increased by 227,000 last month, above the Dow Jones estimate of 214,000 and marking a huge hike from October’s upwardly revised gain of 36,000. The unemployment rate nudged up to 4.2%, as expected.Following the not-too-hot, not-too-cold unemployment data, fed funds futures trading data reflected an 85% likelihood of another rate cut in two weeks, according to the CME Gr

Last Week's RecapThe US Market - The Dow and S&P 500 notched their best month of 2024The Dow and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for the stock market.November trading largely centered on the post-election rally seen on the back of President-elect Donald Trump's victory. The Dow and S&P 500 notched their best month of 2024.The Dow added 7.5% in November while the S&P 500 and Nasdaq Composite each advanced more than 5% and 6%, respectively. The small cap-focused Russell 2000 surged 10.8% in November as investors saw the group benefiting from Trump’s potential tax cuts. The S&P 500 was up more than 26% in 2024, on track for its best year since 2021.The US Sectors & Stocks - TSLA was the top performerAll S&am

Last Week's RecapThe US Market - The Dow closed at a recordThe Dow closed at a new record on Friday, capping off a winning week for stocks, while the S&P and Nasdaq each added about 1.7%. Small-cap stocks also showed strength last week, with the Russell 2000 climbing 4.5%.Investors shift exposure from tech to names in other cyclical sectors of consumer discretionary, industrials, and financials, as well as mid- and small-cap stocks.The dollar index hit a high of 108.071 on Friday, just slightly below the 108.44 level touched in November 2022.On Thursday, SEC Chair Gary Gensler announced he will be stepping down on Jan. 20, and bitcoin quickly rose to nearly $100,000 per coin for the first time ever.The US Sectors & Stocks - Citron Research shorted MSTRAll S&P 500 sectors closed

Last Week's RecapThe US Market - The Trump trade fadedThe major averages touched fresh highs on Monday, but the upward momentum saw slowing. The S&P 500 posted a weekly loss of 2.1%, while the Nasdaq Composite slid about 3.2%, with the Trump trade fading.Fed Chairman Powell said on Thursday that the central bank wasn’t “in a hurry” to cut interest rates. He noted that the economy’s strong growth will permit policymakers to take their time as they decide the extent to which they reduce rates. Treasury yields rose solidly, to four-month highs, while USD index once reached 107 intraday.“While we think the macro backdrop still bodes well for risk assets, in the near term we should expect some micro volatility, particularly around potential policy shifts under a new administration,” said Kr

Last Week's RecapThe US Market - Three major indexes hit new highsThe stock market rally skyrocketed after Donald Trump won the presidential election, with all three major indexes finishing the week at record closing levels and many leading stocks across key sectors boasting double-digit gains.Donald Trump won a total of 312 votes in the election, compared with 226 for Harris. Republicans have control of the Senate and appear on the cusp of holding a narrow majority in the House.The Dow had its best post-election gain since 1896, hitting record highs along with the $.SPX(.SPX)$ and $.IXIC(.IXIC)$ . Small caps index-Russell 2000 $iShares Russell 2000 ETF(IWM)$ sky

Last Week's RecapThe US Market - Stocks rallied after a difficult OctoberStocks rallied Friday to kick off November as Amazon led big technology stocks into the green and traders ignored a disappointing jobs report.A strong start to November came after a difficult October for the market. The blue-chip Dow fell 1.3% in October. The benchmark index pulled back 1% over the month, while the Nasdaq dropped 0.5%. However, the major averages also all hit record highs at one point or another in October.The jobs report showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. However, the unemployment rate held at 4.1%, in line with estimates. The dismal data was affected by hurricanes

Last Week's RecapThe US Market - The S&P 500 ended a six-week winning streakThe S&P 500 and the Dow ended a six-week winning streak, as rising bond yields and resilient economic data contributed to sentiment's pause.Tesla's rally helped fuel a seventh week of gains and a fresh record high for the Nasdaq. Investors will focus on upcoming tech earnings, with AI monetization trends in the spotlight.A big surge in bond yields served as a big hurdle, as a similarly hot number would likely temper rate-cut expectations further as markets see less urgency from the Fed to prop up the economy. The 10-year US Treasury yield notably cooled off from its three-month highs after breaking above the 4.25% mark during Wednesday’s session.The US Sectors & Stocks - TSLA skyrocketed 22%Tesla (TSLA)

Last Week's Recap1. The US Market - $.SPX(.SPX)$ and $.DJI(.DJI)$ refreshed new record highs.Both the $.SPX(.SPX)$ and the $.DJI(.DJI)$ surged to new record highs Friday, sealing six straight weeks of gains. This marked the longest string of weekly advances in 2024.This would be atypical for an election year, stocks will be strong into the election and then have some volatility fall on the election. Investors already pricing in a win from Republican nominee and former President Donald Trump, whose policies would be more business friendly in terms of taxes and regulations. according to Rob Williams, chief investment strat

Last Week's RecapThe US Market - The S&P 500 and Dow hit new highsThe major averages registered a fifth straight week of gains. The S&P 500 and Dow powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season.Stocks also benefited from data that alleviated fears that inflation was not cooling off quickly enough. Wall Street isn't worried that disinflation has run its course.The CPI rose 0.2% on the month and 2.4% from a year ago, both above forecasts. The core CPI rose 0.3% from August, while the 12-month increase unexpectedly edged up to 3.3%. Friday's PPI data showed an in-line 0.2% gain in core wholesale prices, but upward revisions to prior months' data meant the 12-month core PPI inflation r