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Bank bull run
S&P 500’s 2024 rally shocked forecasters, bank bull run seen thundering onward, India’s white-hot IPO market, crypto industry groups sue IRS, and bond investors risk ending 2024 in the red...
Market Briefing
December 30, 2024
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Good morning.
Note: Market Briefing will be paused January 1, 2025 ✨
The Fast Five → S&P 500’s 2024 rally shocked forecasters, bank bull run seen thundering onward, India’s white-hot IPO market, crypto industry groups sue IRS, and bond investors risk ending 2024 in the red…
Time to Sell NVDA? 50-Yr Wall Street Legend Weighs In
Wall Street investors are selling their shares at a record pace. Even AI superfan Cathie Woods is offloading her shares. With the stock already up 63% in 2024 alone – is it too late to get in?
One legendary stockpicker – with 50 years' experience on Wall Street – just gave his answer, here.
Calendar: (all times ET) - Full calendar
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Your 5-minute briefing for Monday, December 30:
BEFORE THE OPEN
As of market close 12/27/2024. Bitcoin as of 12/29/2024.
Pre-Market:
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US Investor % Bullish Sentiment:
↓ 40.71% for Week of December 19 2024 *
Previous week: 43.33%. Updates every Friday. *Delayed update due to holiday
Market Wrap:
Futures edged down Sunday night; Dow -45 pts, S&P -0.06%, Nasdaq flat.
Major indexes near 2024 highs: S&P +25%, Nasdaq +31%, Dow +14%.
Nasdaq set for longest quarterly streak since mid-2021.
Santa Claus Rally hopes linger; S&P avgs +1.3% late Dec./early Jan. since 1950.
Light week ahead; Chicago PMI, pending home sales out Monday.
EARNINGS
No noteworthy earnings scheduled for release this week. See full calendar »
HEADLINES
By this time last year, the stock market’s rally had blown past even the most optimistic targets and Wall Street forecasters were convinced it couldn’t keep up the dizzying pace.
Mike Mayo sees earnings growth topping S&P 500 average in 2025. Uncertainty over Trump policies and rate cut path draw concern.
Stock futures inch lower as Wall St readies for the final trading week of 2024 (more)
US economy surprised again in 2024 despite Fed, election drama (more)
Gold’s 27% advance stands out in mixed year for metals markets (more)
Most Gulf markets gain on rising oil (more)
Bond investors enter final week of 2024 at risk of ending in red (more)
Drama-prone fintechs face mixed regulatory environment in 2025 (more)
Asian stocks poised for weak open after US losses (more)
India upbeat IPO market had almost as many public offerings in 2024 as the US and China combined (more)
Trump asks Supreme Court to pause law that could ban TikTok (more)
Crypto industry groups sue IRS over broker reporting rule (more)
OpenAI outlines new for-profit structure to stay ahead in costly AI race (more)
Nvidia supplier Ibiden weighs faster expansion to meet AI demand (more)
Elon Musk’s political influence wears down global resistance to Starlink (more)
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- Shortened briefing during holiday -
Dealflow, Crypto, and Bullish sections
will resume on January 2, 2025. Happy New Year!
DAILY SHARES
Happy tax loss harvesting week to those who celebrate
— Inverse Cramer (@CramerTracker)
3:08 PM • Dec 26, 2024
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