Santa Skips Wall Street: A Challenging Start to 2024 as Stock Market Fails to Rally
Kriss Kringle chose to bypass Wall Street for the first time since the 2015-16 period, marking an unusual absence of Santa Claus in the financial hub. The “Santa Claus rally,” traditionally observed during the last five trading days of a calendar year and the first two sessions of the new year, typically lifts the S&P […]
Pause or Surge? Top Wall Street Bull’s 2024 Forecast Unveiled
Oppenheimer’s John Stoltzfus predicts that the U.S. stock market will exhibit a data-dependent behavior until the commencement of the upcoming fourth-quarter earnings season, scheduled to kick off next Friday. As the robust bull run, which propelled the major indexes to double-digit growth in the preceding year, potentially loses momentum in early January, strategists at Oppenheimer […]
S&P 500 Futures Brace for a Subdued Kickoff in the New Year Amidst Rising Bond Yields
Early on Tuesday, U.S. stock index futures signaled a cautious start for Wall Street as the new trading year commenced. Following a robust 2023 rally that brought the S&P 500 close to a fresh record, market sentiment appeared tentative. Here’s how stock-index futures were faring: In the previous session, on Friday, the Dow Jones Industrial […]
Market Check-In: The January Effect Under Scrutiny Amidst Potential Disruptions
Concerns loom over the U.S. stock market‘s robust performance in late 2023 as the Dow and S&P 500 reach record highs, prompting worries about a potential post-New Year’s Eve downturn in January 2024. Various factors contribute to the apprehension, ranging from overbought conditions and heightened bullish sentiment to a low VIX and impending inflation reports, […]
Is the Stock Market Overvalued? A Look Back to January 2022 Levels
U.S. stocks are currently trading at levels comparable to or slightly above those seen at the bull-market peak in early January 2022. This observation, however, should be tempered by the fact that the market at that time was highly overvalued. While the bear market of 2022 has brought about some improvement in valuation metrics, it’s […]
Tom Lee’s Forecast: The Stock Market’s Upward Surge Faces February Headwinds
Critical Insights for the U.S. Trading Day As the curtain falls on 2023 for Wall Street, Friday marks the final trading day, with the S&P 500 index bulls poised for a potential record high, akin to a football team needing that one decisive push. Tom Lee, Head of Research at Fundstrat, offers a reassuring outlook, […]
The New Normal: S&P 500’s Rollercoaster Ride and the ‘Weirdest Bull Market’ Yet
Approaching the close of 2023, the S&P 500 index is edging towards a fresh record high. However, a disconcerting reality for stock pickers unfolds as numerous index constituents still lag far behind their January 2022 peaks. This disparity has given rise to a notable schism in the U.S. market, creating what eToro’s Callie Cox aptly […]
S&P 500 on the Rise: Key Considerations for Smart Stock Market Investing
The primary benchmark in the stock market hasn’t achieved a record close for almost two years. The journey for stock-market enthusiasts has been notably unusual and unusually protracted. After nearly two years, the S&P 500 is only a few points away from reaching record territory. On Tuesday, the S&P 500, the prominent U.S. large-cap benchmark, […]
S&P 500 Rallying to New Heights: Strategist Highlights Euphoric Investor Sentiment
Key Insights for Today’s U.S. Trading Session As 2023 draws to a close, investors may be tempted to stay on the sidelines, considering recent market volatility and the high expectations tied to the elusive Santa Rally. However, the outlook appears optimistic for the upcoming Tuesday trading session in this shortened week. Following the release of […]
Christmas on Wall Street: The Belated Arrival of Santa Claus
The market’s favorable odds extend into the initial days of January, making this period, from the end of Christmas to the first two trading sessions of the new year, the statistically supported Santa Claus Rally. Derived from the Stock Trader’s Almanac definition, this rally period, occurring in 98 out of 127 instances since the creation […]
