Stock Market Weekly update -Dec 31st

The SPX rallied for a 9th week, closing around 4770, so still not yet back at the Jan 2022 highs (indexes), the level where the 2022 bear market started.  We could see some profit taking as the New Year starts, after this historic 9 week rally.

2023 performance:

S&P500: +24%        

Nasdaq 100: +56%           

Dow: +14%         

Small Caps: +17%    

Gold +14%          

US dollar -19%          

Bitcoin: +153%



What to Expect in the Markets Next Week - Profit taking? Fed minutes, Jobs report

Bonds -up slightly 
The Dollar -down slightly 
Gold up slightly 
Oil down slightly
Bitcoin/Crypto -mostly flat

Pops & Drops/5 day movers:  COIN, HUT, MARA, etc. gave back some gains!

New all time Highs:  ARM, BSX, LULU, WM, 
   -All time LOWS:   --
Percent of Stocks Above 50-Day Average ...No change from last week: 84% -extreme region!


S&P 500 - chopping around near the Jan 2022 high





DOW -leading up

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed

Market concerns:   nothing :)
Now over $33 Trillion in debt!  See Debt Clock below, or here... Approaching $33.9T


Options watch:   
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM, VIX

Stocks AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA...

Next week:      
MTueWThuF
Earnings:, , 


Events:

Jobs report
This week's charts: 





12/23: $1.3 Trillion has flowed into money market funds this year, the largest amount in history






The Most Splendid Housing Bubbles in America, December 2023 Update



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