Good evening. The S&P 500 ended the week up 1.0%, with Fed Chair Jerome Powell's comments and Unemployment Rate results helping the market push to new all-time highs. Here are the top stocks to watch this week and what’s moving the markets.

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4th Annual Toy Drive for Hospitalized Kids

Today, we’re celebrating generous givers like YOU, who have already stepped up to support our 4th Annual Toy Drive for Hospitalized Kids. Thanks to your kindness, we’re now 40% closer to our goal of $5,000—an incredible milestone in just a few weeks!

But we’re not stopping here. This giving season, we’re inviting those of you who haven’t yet had the chance to contribute to tap the link below and join us in making a real impact for the children at Mount Sinai Kravis Children’s Hospital. 🧸

How You Can Help:

👉 Donate: If you haven’t yet, it’s never too late to contribute! Visit the GoFundMe Link and remember to set the "Tip GoFundMe services" tip to 0% to maximize your donation.

👉 Spread the Word: Share this cause with friends, family, or coworkers! Let them know how they can make a difference in a child’s life this holiday season.

Top Stocks & Setups To Watch This Week

• $AMD
Break below 137.18 🎯 132.96 & 128.46
• $MS
Break below 127.66 🎯 125 & 121.45
• $GOOGL
Break above 175.98 🎯 177.68 & 180.96
• $ROKU
Break above 87.30 🎯 91.24 & 94.50
• $GM
Break above 54.18 🎯 55.93 & 57.66
• $DIS
Break below 115.19 🎯 112.89 & 110.25

KV’s S&P 500 Levels

Weekly Market Recap

Economic Growth

The U.S. economy continues its strong post-pandemic performance, with 2024 GDP growth averaging 2.5% and fourth-quarter estimates reaching 3.3%. This resilience is fueled by healthy consumer spending, particularly in services, and real wage gains outpacing inflation. The labor market also remains robust, with steady job creation and low unemployment, offering a solid foundation for continued growth in 2025.

Services and Manufacturing

The U.S. services sector, comprising 70% of GDP, remains a pillar of strength, supported by financial and hospitality services. Meanwhile, manufacturing shows signs of stabilizing after a period of contraction, with new orders expanding. Together, these sectors could drive balanced economic growth into 2025, bolstering the overall economic outlook amid a softening inflationary environment.

Opportunities

Looking ahead, policy uncertainty and potential shifts in Federal Reserve rate cuts may create volatility. However, robust economic fundamentals suggest pullbacks can offer investment opportunities. Diversification across growth and value stocks, particularly in U.S. large- and mid-caps, is key. In bonds, intermediate maturities remain attractive as rates decline, supporting balanced portfolios poised for growth.

Coming Up…

Important economic releases this week include CPI and PPI inflation data. On the earnings front, AVGO, GME, AI, ADBE, ORCL, and COST are expected to report this week.

Key Headlines We’ve Been Reading

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

• Lula ignores aides and sparks market rout that threatens economy.
• US Bitcoin, Ether ETFs log record inflows on Trump’s embrace of crypto.
• De Beers capitulates on diamond strategy with big price cuts.
• Ripple-linked XRP soars to third-largest token after Trump win.
• The world’s richest man Is now America’s biggest political donor.

Trading Quote Of The Week

That was it for this week!

Stay safe,
KV 👋

Week #50 | December 8, 2024

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