Market Action For Last Week
S&P 500 ETF (SPY)
- November 29, 2024: $602.55
- December 6, 2024: $607.81
- Point Gain/Loss: +5.26
- Percent Gain/Loss: +0.87%
Nasdaq-100 ETF (QQQ)
- November 29, 2024: $509.74
- December 6, 2024: $526.48
- Point Gain/Loss: +16.74
- Percent Gain/Loss: +3.28%
Russell 2000 ETF (IWM)
- November 29, 2024: $241.87
- December 6, 2024: $238.93
- Point Gain/Loss: -2.94
- Percent Gain/Loss: -1.22%
Upcoming Major Economic Reports and Potential Market Moving Events
Monday, December 9, 2024:
- No major economic reports scheduled.
Tuesday, December 10, 2024:
- No major economic reports scheduled.
Wednesday, December 11, 2024:
- Core Inflation Rate MoM: 0.3% (Estimate)
- Core Inflation Rate YoY: 3.3% (Estimate)
- CPI and CPI s.a: Medium impact
- Inflation Rate MoM: 0.2% (Estimate)
- Inflation Rate YoY: 2.7% (Estimate)
Thursday, December 12, 2024:
- Core PPI MoM: 0.3% (Estimate)
- Initial Jobless Claims: 221,000 (Estimate)
- PPI MoM: 0.3% (Estimate)
Friday, December 13, 2024:
- Export Prices MoM: -0.3% (Estimate)
Upcoming Major Stock Earnings Reports
Monday, December 9, 2024:
- Oracle (ORCL): Post Market
- MongoDB (MDB): Post Market
- Toll Brothers (TOL): Post Market
- Casey's General Stores (CASY): Post Market
Tuesday, December 10, 2024:
- AutoZone (AZO): Before Market Open
- Ferguson (FERG): Before Market Open
Wednesday, December 11, 2024:
- Adobe (ADBE): Post Market
- Lennar (LEN): Post Market
Thursday, December 12, 2024:
- Broadcom (AVGO): Post Market
- Costco (COST): Post Market
Market Outlook
For the next 30 days, I am bullish on the market. The positive sentiment is driven by the expected interest rate cuts by the Federal Reserve, which are likely to stimulate economic activity. Additionally, the recent recovery in major indices and strong economic indicators, such as GDP growth and controlled inflation, support a positive outlook. However, it's important to remain cautious of any unexpected economic data or geopolitical events that could impact market conditions.