Economy
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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Trump’s 2024 win didn’t just make headlines—it moved markets in a big way. Some sectors surged, big time.
Record Day for the S&P 500
The S&P 500 rose 2.5% on November 6th, marking its biggest post-election day gain ever. in history. That's pretty wild. It's clear that investors expect Trump’s policies to drive growth through deregulation and economic stimulus. It’s a vote of confidence, but let’s not forget that excitement can go out of hand.
Financials Led the Way
The financial sector stole the show. Stocks like Morgan Stanley and Wells Fargo are up 39% in the last 3 months, with JP Morgan and Bank of America not far behind. Investors are confident that Trump’s return means lighter regulations and a friendlier conditions for banks.
Energy's Mixed Story
Although energy stocks had a 3.5% gain on November 6th (after the election), new information tells us a different story. Oil prices are falling on concerns about oversupply, while renewable energy stocks fell as investors braced for possible policy shifts away from green energy initiatives during the biden economy.
Real Estate and Defensive Sectors Slip
Real estate also had a rough day, dropping 2.6%. Consumer staples and utilities weren’t far behind, both seeing losses. The likely reason? Expectations for higher interest rates and a shift toward riskier investments as investors hope for growth-friendly policies.
Bitcoin’s Big Leap
Bitcoin also took advantage of the election buzz, and it's up 23% in the last month. After being down 12.8% in September, there's more confidence in crypto’s future.
With Trump’s focus on less regulation, crypto investors see an opportunity.
Key Takeaways:
- Financials Soar: Morgan Stanley and Wells Fargo led with 39% gains, showing investor optimism.
- S&P 500 Hits a Record: A 2.5% post-election boost signals big expectations.
- Sector Divergence: While financials and Bitcoin surged, real estate and defensive stocks dropped.
The market is clearly recalibrating with Trump back in office. It's important to know stocks are at all-time highs. How long will the momentum last? I'm not sure.