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- 📈 S&P's Best Year of the Century
📈 S&P's Best Year of the Century
Plus, a bizarre investing strategy with a 100% success rate over the past decade.
Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet.
Ever wonder how well you're aging? Try standing on one leg. No joke — a new study says your ability to balance like a flamingo is a better sign of age-related decline than grip strength or walking speed.
Does the same apply to your stock portfolio? I sure hope not. Mine felt pretty off-balance this week. The Dow and S&P 500 took a dive, while the Nasdaq surged to record highs. Did this week’s market news have you on one leg… or flat on the floor?
Together With Trading Pub
If you could only trade ONE ticker for the rest of your life… What would it be?
MSFT? – AAPL? – AMZN?... it’s hard to say…
But for top trader – Lance Ippolito – he’s ALL IN on TSLA…
That’s because it’s given folks like us a shot to target money-doubling returns every six days. We don’t know any other stocks that have the potential to do that.
But thanks to a new market anomaly studied by Princeton, Vanderbilt and even the SEC…
We can now target gains around 100% or more — from Tesla — on a weekly basis…
In fact his research shows it’s happened 23 times over the last year…
He believes this new Tesla-specific trade is so profound, he’s even made a video for you on how it works.
So, if you have 30 minutes, click any of the links and watch this video now.
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the system.
Market Review:
The Nasdaq Composite closed at an all-time high on Friday, fueled by megacap tech stocks ahead of earnings reports. Key tech players like Nvidia, Meta Platforms, Amazon, and Microsoft saw gains.
But the S&P 500 and the Dow Jones both closed in the red on the week, ending their six-week winning streaks. Investors grew skittish about the upcoming election and persistently high mortgage rates.
The 10-year Treasury yield eased from three-month highs to about 4.24%.
Market Preview:
Next week brings several important economic reports for investors to watch.
On Tuesday, the JOLTS jobs report will offer insight into the softening labor market. We’ll also get the S&P Case-Shiller Home Price Index for September and Consumer Confidence for October.
Wednesday features the first estimate of third-quarter GDP, as well as the ADP Employment Report for October, and trade and inventory data, providing a snapshot of economic growth and business conditions.
On Thursday, the Federal Reserve’s favorite inflation metric, Personal Consumption Expenditures (PCE) will come in. That report also contains personal spending and income data, and comes alongside weekly jobless claims.
The job market snapshot will crystallize on Friday with the US Employment Report, including payrolls, unemployment, and wage data, which will be closely monitored for their potential impact on Fed policy and market movements.
GO DEEPER
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Best year of the century for the S&P 500
— Andrew Sarna (@SarnaCapital)
7:08 PM • Oct 22, 2024
I wonder what year the worst performer was.
Any guesses?
It’s going to take an entire generation to fix the housing market.
We have broken it so badly.
Everyone is to blame. Fiscal, monetary, regulators, everybody.
— Spencer Hakimian (@SpencerHakimian)
2:58 PM • Oct 21, 2024
In case you don’t want to read that orange-on-black text — (don’t blame you) — Fannie is saying one of three things needs to happen to fix housing:
Median price of a single-family home would need to fall 38%
Median household income would have to rise more than 60%
Mortgage rates would need to fall to 2.35% from roughly 6.5%
If I had to pick one to actually happen, I’d choose… 1? Who knows, these all seem like long shots at the moment.
Data centers use 26% of Virginia’s total power consumption, per Apollo’s Torsten Slok:
— unusual_whales (@unusual_whales)
12:57 PM • Oct 21, 2024
ICYMI…
We wrote about this stock this past week…
Together With Trading Pub
If you could only trade ONE ticker for the rest of your life… What would it be?
MSFT? – AAPL? – AMZN?... it’s hard to say…
But for top trader – Lance Ippolito – he’s ALL IN on TSLA…
That’s because it’s given folks like us a shot to target money-doubling returns every six days. We don’t know any other stocks that have the potential to do that.
But thanks to a new market anomaly studied by Princeton, Vanderbilt and even the SEC…
We can now target gains around 100% or more — from Tesla — on a weekly basis…
In fact his research shows it’s happened 23 times over the last year…
He believes this new Tesla-specific trade is so profound, he’s even made a video for you on how it works.
So, if you have 30 minutes, click any of the links and watch this video now.
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the system.
Election Outcome Scenarios: What to Buy and Sell - Wolfe
— Kaushik (@BigBullCap)
6:49 PM • Oct 21, 2024
Speaking of the above, we’re working on something special that we’ll be dropping next week.
Stay tuned.
This is funny.
What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special?
Well... your average return after one year would be 40%, with a 100% success rate.
— Dividendology (@dividendology)
2:10 PM • Oct 20, 2024
😂
TRIVIA
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