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Biden steps down, markets respond; Kamala competes; earnings reports disappoint, and markets correct.
It was a week of correction, with disappointing earnings reports from tech stocks and mega-cap companies dragging the market down. For now, the correction appears healthy, and we need to wait to see how things continue next week.
The market reacts positively, declaring Trump the victor.
This week of July 15 was eventful, with the market responding positively in the early days, assuming a Trump victory following his failed assassination attempt. However, Thursday and Friday saw a strong correction in the SP500. We also witnessed an impressive rise in the Russell 2000, in contrast to the correction in the SP500. This rotation towards smaller-cap assets implies that a rate cut is very likely, and these companies stand to benefit the most.
Bitcoin Unstoppable and Germany Sells
Week of July 8 with Important Data. We saw significant increases overall, with bullish pressure, followed by a strong correction on Thursday that recovered on Friday. The declining inflation data provides a positive outlook for potential rate cuts.
A week with TESLA soaring, giving us an 18% return in just 2 days, and SPY reaching a new high.
We had a week with the S&P 500 recovering in the last 3 days, with TSLA delivering excellent results by breaking out of its descending channel pattern, while other assets behaved more similarly to the SPY.
Last Week of June, Q2, and H1 2024.
Returning from a business trip, I didn’t send an email for 2 weeks because I prefer to send it when I'm focused and clearly seeing the results. If I don’t have clear information, I don’t trade, and that’s not possible while traveling. Now back from my trip to Europe and China, we’re resuming. This last week has seen mixed results, and we have the PCE report on Friday, which could provide some signals about the direction of things.
Mixed data, uncertainty in the new highs of the S&P 500.
The month of June begins next week, and the indices corrected quite a bit this week after reaching highs the previous week. They are currently in a local support zone, which, if we see a general bullish sentiment, could continue upward. However, as we mentioned, there are mixed feelings. Next week should bring more clarity.
NVDA Took It All: Excessive Optimism? Rate Cuts, Historic Highs in Commodities, and the Future of Crypto in the U.S.
The week of 05/27/2024 begins, and the market anticipates rate cuts, but inflation persists with commodities at all-time highs. China is reinforcing its gold reserves, and cryptocurrency is moving strongly as the FED and U.S. policy navigate an uncertain future. Is the shortest bull market in history about to come to an end.
Encouraging Data: Bullish Week
The week of 05/20/2024 begins, and we saw good performance last week thanks to encouraging—or rather, non-pessimistic—inflation data, which provided a significant upward boost. However, we need to stay alert because, while the CPI (Consumer Price Index) was "good," the PPI (Producer Price Index) wasn't as favorable, and that will eventually transfer to consumers.
