The Year of the Dragon: Exploring Stock Market Trends and Gold Demand in Lunar New Year 2024
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According to Fundstrat’s Tom Lee, the U.S. stock market has historically thrived during the Years of the Dragon, with an average gain of 12.7% since 1871. This trend suggests that the recent surge in the S&P 500, propelling it to the 5,000-point milestone, may still have momentum. Lee forecasts that the S&P 500 could reach […]
Goldman Sachs Predicts Make-or-Break Year for Mag 7’s Revenue Growth in 2024
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The early signs in futures trading suggest a cautious start for Wall Street next week, with the S&P 500 likely to consolidate after reaching another record in the previous session, driven by major tech players. The trajectory ahead hinges on the performance of the “Magnificent 7” – Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and […]