📈WHAT HAPPENED IN STOCKS IN 20 CHARTS
The week started out with expectations of a rate cut by March 2023 as a possibility. Then Spain , Germany and France all released economic data that pointed to a massive drop in inflation. The question is no longer will there be a rate cut in March 2023 but will the EU cut rates before the US. Money flowed out of money market accounts and into bonds and small cap stocks. Russell 2000 was up over 3% in a day which was one of the strongest moves we had all of 2023 for the index. Let’s Look at the charts!
Apple ($AAPL)
Crude Oil Futures (CL1!)
Dow Jones Industrial Average ($DIA)
US Dollar Index ($DXY)
Google ($GOOG)
Russell 2000 ($IWM)
Microsoft ($MSFT)
Netflix ($NFLX)
Nvidia ($NVDA)
Nasdaq 100 ($QQQ)
Semiconductors ETF ($SOXX)
S&P 500 ($SPY)
Tesla ($TSLA)
Taiwan Semiconductor Manufacturing ($TSM)
Victorias Secret ($VSCO)
Affirm ($AFRM)
Regional Banking ETF ($KRE)
New York hotel prices are now significantly above pre-pandemic levels
Hedge funds and mutual funds disagree on Energy and Financials
Communication services
Financial conditions (FCI)
October data shows weakness in retail sales after student loan payments restarted
For more information on what’s happening in the stock market right now and trade ideas, watch the video below: