šŸ˜± What If NVIDIA Never Existed?

Plus, the market leader by a margin of more than 1,000%...

Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

The weekend is finally here, and we plan to use it in the most productive way possible: scrolling through our social media feeds, taking screenshots, and sharing the links.

ā€˜Tis the season of giving.

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Market Review:

It was a volatile week on Wall Street, with major indexes closing lower despite a strong Friday rally after Novemberā€™s PCE inflation data came in cooler than expected.

Yesterday, the Dow Jones Industrial Average surged 1.2% on Friday after cooler-than-expected inflation data helped ease some market fears. The S&P 500 rose 1.1%, and the Nasdaq gained just over 1%.

However, all three major indices posted weekly losses, with the Dow dropping 2.3%, the S&P 500 falling 2%, and the Nasdaq losing 1.8%. The week's volatility was sparked by the Federal Reserve's reduced outlook for rate cuts, alongside stubborn inflation concerns.

Market Preview:

The coming holiday week will be an abbreviated one for Wall Street. But several key economic reports are still on the docket, starting with December's consumer confidence data on Monday. On Tuesday, investors will watch November's durable goods orders and new home sales figures.

Markets will be closed on Wednesday for Christmas. But the fun will resume on Thursday, when initial jobless claims for the previous week will be released. Finally, Friday will bring November's retail and wholesale inventories.

Talk about over-concentrationā€¦

But if one stock is carrying the whole market, the real question isnā€™t, ā€œWhat if it never existed?ā€ Itā€™s, ā€œWhat if its strength gives out?ā€

Stay tuned. More on that tomorrow.

Adobe has no competitors?

Guess Jeffrey Ubben is too bougie to turn to Pixlr.com in a pinchā€¦

Jokes aside, I love this list. Any ideas of other names that should be included?

If trying to read that hurts your eyes as much as it hurts mineā€¦

The top 10 in order are:

  1. NVIDIA

  2. Marriott

  3. Booking Holdings

  4. PDD Holdings

  5. MercadoLibre

  6. AppLovin

  7. Verisk Analytics

  8. Roper Technologies

  9. Gilead Sciences

  10. Analog Devices

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A refreshing glass-half-full take.

Funny enough, my New Yearā€™s resolutions wouldnā€™t change, either.

Maybe time really is a flat circleā€¦

Thanks, 2024.

In a year equities and indexes smashed records left and right, the market leader by a margin of more than 1,000% isā€¦ Fartcoin. Which, yup, checks out.

TRIVIA

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