Despite concerns over high valuations, market analysts at Carson Research predict a continued bull market, citing impressive year-to-date gains and historical data supporting extended periods of growth. The S&P 500 has reached record highs, and even previously bearish analysts are changing their tune.
US stocks experienced a downturn on Thursday, with the Dow Jones falling over 200 points ahead of the crucial November jobs report. Despite Wednesday’s record highs, mixed economic data and corporate earnings reports fueled market uncertainty. The CNN Fear & Greed Index, while remaining in ‘Greed’ territory, showed a decline.
Financial analyst Tom Lee predicts a bullish stock market surge, linking Bitcoin’s recent price jump above $100,000 to increased investor confidence and a potential ‘Christmas Santa Claus rally’. He maintains his S&P 500 year-end forecast of 6,300.
Fundstrat’s Tom Lee predicts a bullish year-end for the S&P 500, targeting 6,300, driven by December seasonality, falling Treasury yields, positive sentiment, and supportive government policies. He also forecasts Bitcoin to surge past $100,000 by year-end.
Major US indices surge, with the S&P 500 reaching record highs. Analysts weigh in on market trends, using historical data and technical indicators like the 13/34-week EMA to predict future performance. Despite potential risks, the overall outlook remains bullish.
Major US stock indices dipped on Wednesday as markets prepared for the Thanksgiving holiday. While many financial institutions and retail giants will be closed, some global markets will remain open. We explore the implications of the holiday on the market and offer insights into its historical performance.
Wall Street analysts accurately predicted 2024 S&P 500 earnings, but significantly missed the mark on year-end price targets. This discrepancy highlights the crucial role of valuation multiples in stock market forecasting and underscores the importance of focusing on fundamental earnings growth for long-term investors.
US stocks closed higher on Monday, with the Dow Jones and S&P 500 hitting record highs. The CNN Money Fear & Greed Index, while remaining in ‘Greed’ territory, showed improvement, reflecting a positive market sentiment. Several key economic indicators were released, and investors await earnings reports from major tech companies.
US stock markets experienced a mild downturn on Thursday, with the Dow Jones Industrial Average edging down 0.1%. Energy stocks saw a slight uptick, while real estate shares faced a more significant dip. Cisco Systems delivered positive news, exceeding revenue and earnings expectations for its first quarter and raising its full-year guidance. The tech sector saw mixed results, with several companies experiencing notable gains and losses, including AgEagle Aerial Systems, Elevai Labs, and Gaxos.ai on the positive side, while Nuvectis Pharma, Sow Good, and Vislink Technologies saw declines. The eurozone experienced a positive day, with major indices like the STOXX 600, DAX, and CAC 40 showing gains, while Asian markets closed lower. US economic data showed a decline in initial jobless claims and a modest increase in producer prices.
US stock markets closed higher on Wednesday, with the Nasdaq Composite leading the charge with a 0.3% gain. The Dow Jones Industrial Average also rose by 0.34%, while the S&P 500 gained 0.32%. The Consumer Discretionary sector surged by 1.3% on the day, while Communication Services shares underperformed, falling 0.2%. Notable movers included Microvast Holdings, Inc. (MVST) shares which skyrocketed 392% following strong third-quarter results.
