https://www.the-express.com/news/us-news/157721/New-Jersey-drones-nuclear-warhead
https://www.howestreet.com/2024/12/should-you-be-taking-stock-profits-now-mark-leibovit/
CHECK OUT:
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
Vladimir Putin just took an aggressive stance against Donald Trump for threatening BRICS nations with 100% tariffs.
Putin’s Russia and other allies are committed to shunning the Dollar as the standard for international trade.
Putin said, “The use of the dollar as a world currency gives the U.S. a lot of money… Thanks to the dollar, U.S. continues to exploit other economies of the world for their benefit.”
Nasdaq Surges To New Record High But Dow Extends Losing Streak
Following the lackluster performance seen during last Friday’s session, stocks moved mostly higher during trading on Monday. The tech-heavy Nasdaq led the charge, surging to a new record closing high.
The Nasdaq pulled back off its best levels going into the close but still ended the day up 247.17 points or 1.2 percent at 20,173.89.
The S&P 500 also climbed 22.99 points or 0.4 percent to 6,074.08, while the narrower Dow bucked the uptrend and fell 110.58 points or 0.3 percent to 43,717.48.
The Dow closed lower for the eighth consecutive session, falling to its lowest closing level in almost a month.
The surge by the Nasdaq came amid significant strength among semiconductor stocks, with the Philadelphia Semiconductor Index jumping by 2.1 percent.
Broadcom (AVGO) extended the surge seen last Friday, while Micron (MU) also posted a standout gain after JPMorgan said it expects the chipmaker to report strong fiscal first quarter results after the close of trading on Wednesday.
Networking stocks also saw considerable strength, extending a recent upward trend, driving the NYSE Arca Networking Index up by 2.0 percent to a new record closing high.
Tech stocks benefited from optimism about the outlook for interest rates ahead of the Federal Reserve’s monetary policy decision on Wednesday.
The Fed is widely expected to continue cutting interest rates, with CME Group’s FedWatch Tool currently indicating a 95.4 percent chance the central bank will lower rates by another 25 basis points.
Traders are likely to pay close attention to the Fed’s accompanying statement as well as officials’ latest economic projections, including their forecasts for rates.
Meanwhile, oil stocks moved sharply lower amid a decrease by the price of crude oil, dragging the NYSE Arca Oil Index down by 2.9 percent.
Telecom, oil service and natural gas stocks also saw notable weakness, partly offsetting the strength in the tech sector.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Monday. Japan’s Nikkei 225 Index closed just below the unchanged and China’s Shanghai Composite Index edged down by 0.2 percent, while Hong Kong’s Hang Seng Index slumped by 0.9 percent.
The major European markets also moved to the downside on the day. While the French CAC 40 Index slid by 0.7 percent, the German DAX Index and the U.K.’s FTSE 100 Index both fell by 0.5 percent.
In the bond market, treasuries showed a lack of direction over the course of the session before closing roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 4.397 percent.
Looking Ahead
Trading on Tuesday may be impacted by reaction to reports on retail sales and industrial production, although activity may be somewhat subdued ahead of the Fed announcement on Wednesday.
NEXT FOMC MEETING:
DEC 18
https://www.currentmarketvaluation.com/models/buffett-indicator.php
OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!
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.
GATA CHRIS POWELL PRSENTATION – NOV 2024
I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY.
COME ON, DAD. IT’S TIME TO EAT
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