https://www.howestreet.com/2024/11/trump-victory-powering-optimism-in-most-sectors-mark-leibovit/

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

Dow Moves Sharply Higher But Nasdaq Closes Little Changed

Stocks saw considerable volatility early in the session on Thursday but moved mostly higher over the course of the trading day. The major averages all finished the day in positive territory, with the Dow posting a standout gain.

The Dow jumped 461.88 points or 1.1 percent to 43,870.35 and the S&P 500 climbed 31.60 points or 0.5 percent to 5,948.71, while the tech-heavy Nasdaq posted a much more modest gain, inching up 6.28 points or less than a tenth of a percent to 18,972.42.

The sharp increase by the Dow came amid strong gains by IBM Corp. (IBM), Sherwin-Williams (SHW) and Salesforce (CRM).

Meanwhile, the Nasdaq showed a lack of direction over the course of the trading session as traders tracked the performance of AI darling Nvidia (NVDA). Shares of Nvidia fluctuated as the day progressed before eventually ending the day up by 0.5 percent.

Nvidia reported better than expected third quarter earnings and revenues, but some traders expressed concerns about slowing revenue growth and a quarter-on-quarter decline by gross margins.

A steep drop by shares of Alphabet (GOOGL) limited the upside for the Nasdaq on news the Justice Department has urged a federal judge to force a sale of the Google parent's Chrome web browser.

In U.S. economic news, the Labor Department released a report showing initial jobless claims unexpectedly fell to their lowest level in over six months last week.

The report said initial jobless claims slipped to 213,000 in the week ended November 16th, a decrease of 6,000 from the previous week's revised level of 219,000.

Economists had expected jobless claims to inch up to 220,000 from the 217,000 originally reported for the previous week.

With the unexpected dip, jobless claims fell to their lowest level since hitting 209,000 in the week ended April 27th.

Meanwhile, a reading on leading U.S. economic indicators fell by slightly more than expected in the month of October, the Conference Board revealed in a separate report.

The Conference Board said its leading economic index slid by 0.4 percent in October after dipping by a revised 0.3 percent in September.

Economists had expected the leading economic index to fall by 0.3 percent compared to the 0.5 percent decrease originally reported for the previous month.

"Apart from possible temporary impacts of hurricanes, the US LEI continued to suggest challenges to economic activity ahead," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.

Sector News

Computer hardware stocks showed a strong move back to the upside following yesterday's pullback, with the NYSE Arca Computer Hardware Index soaring by 4.2 to its best closing level in a month.

A sharp increase by the price of crude oil also contributed to substantial strength among oil service stocks, as reflected by the 2.5 percent surge by the Philadelphia Oil Service Index.

Networking stocks also showed a significant move to the upside, driving the NYSE Arca Networking Index up by 1.9 percent.

Utilities, banking, and natural gas stocks also saw considerable strength, while some weakness was visible among airline stocks.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly lower on Thursday. Japan's Nikkei 225 Index slid by 0.9 percent and Hong Kong's Hang Seng Index fell by 0.5 percent, although China's Shanghai Composite Index bucked the downtrend and inched up by 0.1 percent.

Meanwhile, the major European markets moved to the upside on the day. While the French CAC 40 Index edged up by 0.2 percent, the German DAX Index and the U.K.'s FTSE 100 Index advanced by 0.7 percent and 0.8 percent, respectively.

In the bond market, treasuries moved lower over the course of the session after showing a lack of direction in early trading, Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.6 basis points to 4.432 percent.

Looking Ahead

Trading activity on Friday may be somewhat subdued amid a relatively quiet day in terms of U.S. economic news.

https://www.currentmarketvaluation.com/models/buffett-indicator.php

DOLLAR

CRYPTO

NEXT FOMC MEETING:

DEC 18

OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!

https://www.metastock.com/products/thirdparty/?3PC-ADD-VRIS

Yes, that's a cartoon of me.  Louis Rukeyser had us dressed up in 'elf' costumes on the screen broadcast each week.  I've dated myself. That occurred for me between 1988-1996.  Lou didn't like any bearish comments, so myself and other elves got dumped in 1996.  

WHO am I?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS  a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”.  He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell's MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked  #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a 'Market Maker' on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms.  Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com.   He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading.  It is now also published in Chinese.  Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

From Martin Armstrong

Biden Authorizes Starting World War III Before Trump Takes Office

I have been warning that our Computer has projected that war will continue and that the Neocons are traitors to the people of the United States and a
threat to the entire world. Biden, the senile one, will sign anything put in front of him, and he is incompetent to be president. For that matter, so is
Kamala. Both threaten the National Security of our nation and the world. Putin is justified to start attacking the United States directly. Since he knows
Trump is coming, he will try to sit on his hands. God help us if the Russian Neocons overthrow Putin. There will be no stopping this.

https://tinyurl.com/rtck8b42

FDA-Approved Doesn’t Mean Safe for Your Family

Grant Williams' documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of "Gold: The Story of Man's 6,000 Year Obsession," and it's still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

The Walt Disney Company has been criticized (MYSELF INCLUDED) for its "woke" content and has faced backlash from conservative politicians and social media voices. Some of the criticisms include:

  • Donations to LGBTQIA+ organizations

    Some shareholders have argued that Disney's donations to organizations that serve the LGBTQIA+ community are "extreme pursuits" that ignore the beliefs of most Americans.

  • Inclusion of LGBTQ+ characters

    Some critics have taken issue with Disney's inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.

  • Black Ariel in Little Mermaid

    Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.

  • Economic and reputational consequences

    Some claim that Disney's "woke virtue signaling" has had economic and reputational consequences, with Disney's market cap falling nearly 40% since February 2021.

In response to these criticisms, Disney CEO Bob Iger has said that:

  • Disney's biggest priority is entertaining audiences

  • Disney is focused on the future, not the past

  • Disney needs to be more sensitive to the interest of a broad audience

  • Disney's primary mission is to entertain and then have a positive impact on the world through entertainment

I USE JOEL WALLACH'S SUPPLEMENTS EVERY DAY.  MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE

COME ON, DAD. IT'S TIME TO EAT

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