📈 State of the Stock Market

Let's review going into the week.

Stock Market Update

Let’s dive into what I’m seeing in the stock market right now and which sectors are noteworthy.

Keep in mind that we may see light volume throughout the week with the holiday and Thursday and the half day of trading on Friday.

Sector Review

Something I think would be helpful is to orient ourselves with the sectors that are performing the best since the end of the election.

If you are struggling right now, use this as your bellwether of where money is flowing to spark trade ideas.

Unsurprisingly, the top sector is crypto names, which have been all the buzz in the market with MSTR going on a historic run and the Trump Administration releasing positive statements related to cryptocurrency.

The second strongest is regional banks. This is important because this relies on the underlying assumption that we are in a soft landing and inflation will no longer be an issue.

We see cloud names getting bout with both CLOU and IGV near the top of the list. These are names that are outperforming right now in tech and need to be at the top of your watchlists.

The last thing I want to point out is that you do not see the SOXX on this list. Semiconductors led us for long periods last year, but so far these names are not receiving love, including NVDA.

Use this information to orient yourself with where you should be focusing on your trades. I break down each of the sectors further in the video below: