Your Evening Recap for Monday, December 4thEquity markets pulled back on Monday to potentially end 5 straight weeks of historic market gains. The S&P 500 rose more than 12% in that time to set a new high for the year but may not be able to move much higher. The market is still trading within a significant range, and there is little reason to think it can continue to rally. While the peak of the Fed's interest rate cycle is near, there is still much uncertainty in the 2024 outlook, and the consensus figures for earnings growth continue to decline. The latest figures for Q4 have S&P 500 EPS growth at only 3%, down nearly 1000 basis points from the peak set earlier this year.
Economic data is the most visible market-moving event this week. About a dozen reports are due, with the NFP and labor data topping the list. The NFP is expected to show persistent strength in the labor market and give the FOMC little leeway with their next decisions. Consumer inflation is cooling, but tight labor market conditions are a tinder box for inflation provided a catalyst: the Fed indicating lower rates are coming is a catalyst the market is desperate to see. Featured: Buy this AI Stock Before Elon's Announcement (Legacy Research) |
 Traders and investors have made and lost massive fortunes investing in volatile stocks. Some companies like Amazon.com Inc. (NASDAQ: AMZN) and Tesla Inc. (NASDAQ: TSLA) have created and incinerated investor capital multiple times over the last decade or two. Timing is truly everything when it comes to single-stock investments. Amazon and Tesla lack the volatility of penny stocks, which frequently get a bad reputation due to incomplete information and susceptibility to scammers. Are penny stocks worth it? It's very tempting to dabble in penny stock trading since positions frequently double overnight (or quicker), but there are quite a few drawbacks to consider. Read The Full Story > |  === BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>> Get the name of the stock here |
 Bitcoin is once again having a moment. On Monday, the world's largest cryptocurrency soared past $41,000 for the first time in over a year and a half — and marking a 150% rise so far this year.Volatile bitcoin rocketed from just over $5,000 at the start of the pandemic to nearly $68,000 in November 2021, according to FactSet, a period marked by a surge in demand for technology products. Prices fell back to earth during an aggressive series of Federal Reserve rate hikes aimed at taming inflation and then the collapse of FTX, one of the biggest companies in crypto.When 2023 began, a single bitcoin could be had for less than $17,000 after losing more than 75% of its value. Read The Full Story > |
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