Breaking News: S&P 500 Hits 5,000 – Market Insights Unveiled!
The S&P 500 flirted with a significant milestone as it briefly crossed the 5,000 mark just before Thursday’s market close, marking its ninth record finish of 2024 at 4,997.91. While these round numbers don’t hold technical significance, they do carry psychological weight, influencing market sentiment. Mark Arbeter, president of Arbeter Investments, pointed out historical instances […]
On Alert: S&P 500’s Move Toward 5,000 Raises Alarm Bells
Leuthold Group’s Chief Investment Officer (CIO), Doug Ramsey, points out a concerning trend in market analysis: an increasing number of analysts are omitting valuations from their assessments. Ramsey notes that this trend is not limited to bullish perspectives; even those who are cautious about the market are overlooking the issue of persistently high equity valuations. […]
Goldman Sachs Predicts Make-or-Break Year for Mag 7’s Revenue Growth in 2024
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 […]
The Echoes of ’87: Wise Moves for Traders Banking on Fed Rate Decreases in 2024
The Fed is bracing for a familiar cautionary tale from 1985-86, as investors seem to anticipate an aggressive round of interest rate cuts despite the absence of a recession. Nicholas Colas of DataTrek Research suggests that market participants should revisit history and adjust their expectations. Fed-funds futures traders are pricing in five to six quarter-point […]
Navigating Today’s Market: Insights from the Top Trades of the Past Five Decades
Early Friday futures trading indicates a positive start for stock indices. The continuation of this optimism into Wall Street’s opening may hinge on labor market data. For equity bulls, a U.S. nonfarm payrolls report showcasing steady job growth and modest wage inflation is the preferred outcome, as it is unlikely to dissuade the Federal Reserve […]
S&P 500 Futures Rebound Following Two-Day Dip Ahead of Tech Giants’ Earnings
Early Thursday, U.S. stock index futures saw an increase in anticipation of earnings reports from three major companies – Apple, Amazon.com, and Meta Platforms. Here’s how stock-index futures are currently trading: In the previous session, the Dow Jones Industrial Average fell 317 points, or 0.82%, to 38150, the S&P 500 declined 79 points, or 1.61%, […]
Strategists Sound Alarm: Big Tech’s Rise Mirrors Dot-Com Bubble
A team of quantitative strategists at J.P. Morgan is drawing parallels between the current stock-market rally, propelling the S&P 500 to six consecutive record closing highs in 2024, and the dotcom bubble. Led by Khuram Chaudhry, the analysts highlight the growing concentration in the U.S. stock market as a significant risk for investors this year. […]
S&P 500 Futures Hover at Heights Amid Anticipation for Microsoft’s Earnings
U.S. stock index futures hovered close to record highs early Tuesday in anticipation of an impending earnings report from the highly regarded Microsoft. Current Stock-Index Futures Trading: On Monday, the Dow Jones Industrial Average (DJIA) exhibited a gain of 224 points, or 0.59%, closing at 38333. The S&P 500 (SPX) saw an increase of 37 […]
Make-or-Break Moments: Fed Meeting, Tech Titans, and Jobs Report Challenge Stock-Market Rally
The upcoming week holds significant events that are poised to influence stock-market dynamics. Investors are eagerly awaiting the Federal Reserve’s monetary-policy meeting, a pivotal December employment report, and a wave of earnings reports from major technology players. These events collectively offer crucial insights into the economic landscape and the potential trajectory of interest rates. Encouraging […]
2024 Stock Market Forecast: Is January the Crystal Ball We’ve Been Waiting For?
According to an analysis by Bespoke Investment Group, historical patterns suggest that the S&P 500 index may continue its upward trajectory in 2024, following robust returns in January. The research team at Bespoke observed that when the S&P 500 is in positive territory for the month up to a certain point, it tends to climb […]
