To The Moon

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

Last Week's RecapThe US Market - Stocks rallied as an expectation-defying jobs reportStocks rallied on Friday after an expectation-defying jobs report gave investors confidence around the health of the economy, erasing losses seen in recent days. Mounting geopolitical tensions in the Middle East gave way to a shaky start in October for stocks.Friday's Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate fell to 4.1%. The news for the equity market as it increases the potential for a soft landing.China’s stimulus sent the Nasdaq Golden Dragon Index soaring 12.5% in the last four days, and it skyrocketed nearly 40% for September. Goldman’s specialist Scott Rubner thinks the long

Last Week's RecapThe US Market - The Dow set a record highThe blue-chip Dow climbed to a fresh record on Friday as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted the major averages to post weekly gains.The broad index is tracking to add more than 1% in September. That would mark its eighth positive month of 2024, with all besides April bringing gains.The Fed's favored inflation gauge showed core inflation ticking up to 2.7% from 2.6%, but the six-month annualized rate eased to 2.4% from 2.6%. The 3-month rate is just 2.1%. After the inflation data, odds of a 50-basis-point rate cut on Nov. 7 edged above 50%.Further, new weekly claims for jobless benefits fell to 218,000, the lowest since May, indicating a strong labor market, while the final

Last Week's RecapThe US Market - S&P 500 closed above 5,700Major averages registered weekly gains with the Dow closed at a record on Friday. While the S&P 500 rose 1.36% for the week, capping a big rally that came after the first major easing of interest rate policy by the Federal Reserve in four years.On Wednesday afternoon, the Federal Reserve slashed interest rates by a supersized half point, its first cut since 2020. In a delayed reaction, the market climbed higher Thursday with the benchmark climbing to a record high.Fed Chairman Jerome Powell called the big opening move "a sign of our commitment not to get behind" the curve. Fed projections signaled a likelihood of another quarter-point cut at each of the year's final two meetings, bringing the Fed's benchmark overnight bank

Last Week's RecapThe US Market - S&P 500 recorded the strongest week of 2024The S&P 500 and the Nasdaq posted their strongest week of 2024 ahead of the upcoming Federal Reserve meeting.The benchmark gained 4% for the week as a moderation in inflation supported the case for a rate cut with rate-sensitive small cap stocks outperforming.The consumer price index in August came in at 2.5% on an annualized basis, the lowest level since February 2021. Producer price index (PPI) presented a more benign picture, lowering the 12-month wholesale inflation rate to 1.7%.Bets on the size of the Fed's cut have been volatile and were roughly even by late Friday. Expectations for a 50 basis point cut jumped to 49% from 28% on Thursday, according to CME's FedWatch Tool, which showed a 51% probabilit