The Mag 7 has driven the stock market to all time high, giving investors stunning returns. But such phenomenon is a double edged sword. They say, water can float a boat as it can capsize it (水能载舟，亦能覆舟), therefore the same stocks can also be the cause that drive the market down. As lots of optimism have been priced in, so it’s no longer about meeting earnings expectations for these megacap companies, it’s about offering solid guidance and company outlook. $Netflix(NFLX.US)$$Dow Jones Industrial Average(.DJI.US)$...
Maniac Fool :
TA is playing the trend for window dressing for end of year: the fund managers or institutions must “rise the price from the lows”. $31 should hold and surge upwards :) unless the bears want more blood…
Giovanni Duran :
Record Breaking an all-time high, yet yield on the interest rate hike, recession postponed until 2024 if cryptos are regulated by January then we see a major sheets and balance consolidation. I am surprised at a Christmas rally. Congrats to those who profit.
Markio1315 :
something is going to break. of coure it still can goes higher if focus is on more cuts next year. Question now next year is if it will be 2019 or 2009? JP doing something quite dangerous to front run the cuts. Probably doing together with the Biden admin. I can't imagine MM realizing all those expensive calls options this Friday.
OceansWaveMarkio1315:
From a technical angle, I do agree.. however when it will happen, hard to predict.. no one has a crystal ball… At the moment, will just ride with the wave first… but still got to watch out for this Friday… OPEX, many options are expiring…
Seems like the market was building on Friday’s weaker-than-expected jobs reports - much fewer jobs were added in April + a small rise in unemployment. This has given investors some hope and confidence that Fed may cut rates soon before the economy breaks down.
By the way, there are quite a number of Fed officials speaking this week (no less than 5)
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A softer inflation figure could likely spark another rally as the odds of a rate cut coming soon would be higher. In case you’re not aware, generallt speaking, lower interest rate will benefit companies aa the cost of borrowing will be cheaper.
$Advanced Micro Devices(AMD.US)$ $Apple(AAPL.US)$ $Taiwan Semiconductor(TSM.US)$ $Morgan Stanley(MS.US)$ $KBW Nasdaq Bank Index(.BKX.US)$ $Financial Select Sector SPDR Fund(XLF.US)$ $Workday(WDAY.US)$ $SPDR Gold ETF(GLD.US)$ $Pfizer(PFE.US)$ ...
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They say, water can float a boat as it can capsize it (水能载舟，亦能覆舟), therefore the same stocks can also be the cause that drive the market down.
As lots of optimism have been priced in, so it’s no longer about meeting earnings expectations for these megacap companies, it’s about offering solid guidance and company outlook.
$Netflix(NFLX.US)$ $Dow Jones Industrial Average(.DJI.US)$ ...
S&P500 Banks index ended last Friday in the red. $Proshares S&P 500 Bond Etf(SPXB.US)$
More companies will be reporting this week, including Goldman Sachs and Morgan Stanley
$Goldman Sachs(GS.US)$ $Morgan Stanley(MS.US)$ $JPMorgan(JPM.US)$ $Bank of America(BAC.US)$ $Citigroup(C.US)$ $Wells Fargo & Co(WFC.US)$ $KBW Nasdaq Bank Index(.BKX.US)$ $Financial Select Sector SPDR Fund(XLF.US)$
Nasdaq was up too as a few big tech giants such as Meta, Google and Nvidia surged
It's a continuation of what we've seen since November. Is the bull really unstoppable?
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US bank stocks surged after the Federal Reserve indicated potential interest rate cuts in 2024. The S&P 500 bank index rose by 4.4%, reaching its highest level since March. $Wells Fargo & Co(WFC.US)$ and $Bank of America(BAC.US)$ Global Research also raised banking sector price targets following the Fed's announcement. The $KBW Nasdaq Bank Index(.BKX.US)$ and its Regional Bank counterpart $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ have increased by 5.08% and...
The Fed has also acknowledged that inflation has eased.
They say, don’t fight the Fed. Seems like the Fed is on our side now. Early Christmas present from Powell
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According to CME Fedwatch tool, the possibility of a Dec rate hike is zero.
This means Fed fund rate will likely remain at 5.25%-5.5%
The market will then start to forward-look and anticipate when is the next rate cut.
Don’t think we will have major surprise from the minutes
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