Good evening. The S&P 500 ended the week up 1.1%, even after a short holiday week. Here are the top stocks to watch this week and what’s moving the markets.

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Top Stocks & Setups To Watch This Week

• $META
Break above 577.16 🎯 588.54 & 599.66
• $ABNB
Break below 134.43 🎯 131.45 & 129.87
• $NKE
Break above 79.86 🎯 81.42 & 83.06
• $AMD
Break above 142.14 🎯 146.25 & 150.12
• $AMZN
Break above 208.20 🎯 211.48 & 215.90
• $AAPL
Break above 237.81 🎯 240 & 243.28

KV’s S&P 500 Levels

Weekly Market Recap

Diversification Drives Gains

This year’s market rally has been a blessing for diversified portfolios, with all 11 major asset classes posting above-average returns. Lower inflation and easing central bank policies have supported economic growth, while U.S. equities, driven by tech innovations, led the gains. Bonds also recovered, outpacing cash-like investments. Rebalancing portfolios now can ensure alignment with risk and return objectives for 2025.

Broader Market Strength

Despite periodic volatility, 2024 was marked by a smoother market ride, with fewer sharp declines compared to historical averages. Recent months have seen a shift in market leadership, with financials, industrials, and small- to mid-cap stocks outpacing mega-cap tech. This broadening of gains strengthens the bull market. Maintaining balanced equity allocations across sectors and regions will prepare portfolios for evolving opportunities.

Portfolio Adjustments

Strategic adjustments can enhance portfolio resilience. Overweighting U.S. equities, particularly large and mid-caps, can capitalize on strong economic growth, while emerging-market debt offers better value than high-yield bonds. Reducing cash allocations minimizes reinvestment risk as interest rates fall. Maintaining a disciplined approach to these shifts ensures alignment with long-term goals and captures current market momentum.

Coming Up…

Important economic releases this week include nonfarm payrolls data and the ISM PMI's. On the earnings front, CRM, LULU, MRVL, CHWY, PATH, ULTA, and DOCU are expected to report this week.

Key Headlines We’ve Been Reading

This is what’s caught our eye over the past 7 days.

• Apollo, Citadel flag hidden costs of passive investing.
• Barclays prefers Germany over France as it sends ‘bond vigilante’ warning.
• AI boom makes 139-year-old cable company Japan’s hottest stock.
• Walmart rolls back DEI programs after right-wing backlash.
• Intel gets $7.9 billion chips award for US factory expansion.

Trading Quote Of The Week

That was it for this week!

Stay safe,
KV 👋

Week #49 | December 1, 2024

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