19d • General discussion
Your Weekly Digest
Happy new week Basquiater's. I hope everyone who owns a couple of stocks didn't freak out and sell when the market turned down last week. A reminder that as long as you stick to the fundamentals, the wild emotional swings of market downturns should be viewed as an opportunity to buy more shares of your companies AT A DISCOUNT.
It's like going to the supermarket and finding everything on sale.
When you find out that investing is just a psychological and mental fortitude game, you will never lose!
How are your portfolios doing? Feel free to share in the comments, throw in a screenshot too!
Anyway, here's your digest.
👨💻 Tech Leads Market Rally, Alphabet and Broadcom Surge
U.S. equities rebounded sharply as optimism around AI and a possible December Fed rate cut sparked a rally. Alphabet jumped 6% after a strong AI model launch, and Broadcom soared over 11%, cementing tech’s leadership in the S&P 500 and Nasdaq rally.
📈 Nasdaq Posts Strongest Gain Since May; S&P 500 Up 1.5%
The Nasdaq 100 surged 2.6% for its best day in more than six months, while the S&P 500 climbed 1.55%. The rally comes as investors speculate the recent tech-led selling may be bottoming, with sentiment improving on rate cut hopes.
🚘 Tesla Rallies on AI Chip News, Semiconductors Benefit
Tesla rose nearly 7% after CEO Elon Musk touted advanced in-house AI chip capabilities. Other semiconductor and AI-centric firms such as Micron and AMD also gained 5-8% on hopes of ongoing AI spending.
💊 Novo Nordisk Tumbles on Alzheimer’s Drug Miss
Novo Nordisk shares plunged more than 10% after its Alzheimer's trial with flagship semaglutide failed primary endpoints. The disappointment hit the health care sector but was offset in part by rotation back to tech.
₿ Bitcoin Stabilizes Above $87,000 After ETF Outflows and Technical Selling
Bitcoin steadied above $87,000, rebounding from lows near $80,000 last week despite continued ETF outflows and technical pressure. Derivatives data and negative funding rates suggest a local bottom may be forming, with risk of a near-term short squeeze.
🛢️Crude Oil Slides as Supply Glut Concerns Mount
Crude prices continued to drift lower, with WTI at $58.47, as JP Morgan warned of a deepening global surplus and inventory build. Lower oil prices contributed to multi-year low gas prices ahead of the Thanksgiving holiday.
🌟 Gold and Copper Hold Gains, Supported by Softer Dollar and Rate Cut Odds
Gold traded near $4,140/oz, up 57% year-over-year, as dovish Fed talks and geopolitical uncertainty supported safe-haven demand. Copper advanced above $5/lb, bolstered by U.S. rate cut expectations and supply challenges.
7
0 comments
Your Weekly Digest
powered by
skool.com/basquiat-university-5261
Teaching How To Turn $100 into $100K through global stocks.
Suggested communities
Powered by