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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
The U.S. job market bounced back in November, adding 227,000 jobs, strengthening the case for a Federal Reserve rate cut in December. Meanwhile, corporate buybacks help drive stock prices higher, and data from Bloomberg reveals which sectors thrive—and struggle—after rate cuts. Here’s everything you need
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 losses from earlier in the week after the Fed’s hawkish remarks about 2025 rate cuts.
Meme Stocks in the Nasdaq?
Two trendy names are joining the Nasdaq-100 today: MicroStrategy and Palantir. MicroStrategy, often called a Bitcoin proxy, stands out as its stock is tightly linked to Bitcoin’s price swings.
MicroStrategy in 2024: +431.6% year-to-date.
Why is Microstrategy tied to Bitcoin? Well.. The company holds billions of dollars in Bitcoin, making its stock highly volatile. Their CEO, Michael Saylor, has been buying Bitcoin since Aug 2020.
Palantir, another big name in AI, is up +1.1% in pre-market trading today.
Sector Highlights
- Biotech Buzz:
- Eli Lilly: Climbs on FDA approval of Zepbound, a breakthrough sleep apnea treatment
- Global Markets:
- Asia: Broad gains, led by Honda and Nissan on merger speculation
- Europe: Quiet overall
Looking Ahead
- Key Data Today:
- Consumer Confidence (9 a.m. CST)
- Tomorrow’s Data:
- Durable Goods Orders
- New Home Sales
Have a good holiday! More content to come later this week.
-Zach @ Quantifyed