The upcoming week is poised to be a crucial juncture with several significant events that could shape the course of various markets. Despite an uncertain start for stocks in 2024, the first full trading week of the new year is expected to establish a definitive tone for the months ahead....
Stock investors have had a tumultuous beginning to the new year, grappling with uncertainties surrounding the Federal Reserve’s 2024 interest-rate cuts in terms of timing and magnitude. The impressive nine-week winning streak across all major U.S. stock indexes abruptly ended on Friday. This shift was prompted by unexpectedly strong job...
The dominance of large-cap stocks over small-caps and midcaps is underscored by the prevailing “winner-take-all” economy, despite the Russell 2000 index’s 17% gain in 2023. Small-cap and midcap stocks, although seemingly undervalued compared to a year ago, present a deceptive picture. However, this appearance conceals two crucial factors. Firstly, the...
The technology stocks index has experienced a decline for the fifth day in a row, making it the longest period of consistent losses since October 2022. Thursday saw a decline in the majority of U.S. stocks, with the Nasdaq Composite, mainly comprised of technology stocks, experiencing its fifth consecutive drop,...
Kriss Kringle broke tradition by skipping Wall Street for the first time since the 2015-16 period, signaling an unexpected departure from the typical Santa Claus presence in the financial realm. The renowned “Santa Claus rally,” typically observed during the final five trading days of a calendar year and the initial...
Oppenheimer’s John Stoltzfus foresees the U.S. stock market relying on data trends until the onset of the upcoming fourth-quarter earnings season, set to commence next Friday. With a strong bull run that fueled double-digit growth in major indexes last year possibly slowing down in early January, Oppenheimer Asset Management strategists...
