After a strong rally throughout most of 2024, the U.S. stock market has hit a rough patch in December, with investors gravitating back to megacap technology stocks. The “BATMMAAN” stocks—Broadcom, Apple, Tesla, Microsoft, Meta, Amazon, Alphabet, and Nvidia—have dominated market gains. Broadcom’s rise past the $1 trillion market capitalization threshold...
Meanwhile, new labor markets data signaled headwinds for the economy. Continuing unemployment claims jumped to 1.91 million, the highest level in more than three years, highlighting persistent job markets pressures. Stock market indexes ended mixed on Thursday in their first session after Christmas, dampening the momentum of the Santa Claus...
Today is December 26th, and we’re diving into the Sonic Trading System—a proven tool designed to simplify trading while maximizing profitability. Let’s explore today’s trade and why this system stands out for both new and experienced traders. Today’s Trade in Action Signal Taken: Long at 6091.25Why?: The system has consistently...
Josh Wolfe: Modular Nuclear Reactors Are ‘Not Good Businesses’ As artificial intelligence (AI) continues to expand, so does its insatiable appetite for electricity. This demand has tech giants and investors turning to nuclear energy as a potential solution. In October, Google, Amazon, and Microsoft announced plans to leverage mini-nuclear plants...
While 2024 has been a banner year for the S&P 500, December has been an underperformer, defying its historical reputation as one of the strongest months for stocks. S&P 500 Erases December Losses in Pre-Holiday Surge The S&P 500 rebounded sharply on Tuesday, erasing its December losses with a 1.1%...
Treasury Yields and Dollar Levels Present Challenges for Stock Market Recovery Stocks started the holiday-shortened week on a positive note Monday, but the continued rise in Treasury yields and the U.S. dollar could act as hurdles to sustained equity gains, a prominent market analyst warned. Both the bond market and...
