Stock Market News Update

Santa Rally The S&P 500 ended a volatile week with a close above the key support level of 6800 and is now back in positive gamma. This positive momentum, in turn, will likely determine whether there is a Santa Rally into year-end. You might be surprised to learn...

AI Strategy Wall Street has been valuing AI-related companies in the U.S. as if they have infinite market potential. However, Sam Altman acknowledged earlier this year that the U.S.’s proprietary AI approach may prove to be restrictive. More specifically, OpenAI’s...

AI Capital Expenditure A Drag On Confidence As predicted last week, the response to Nvidia AI related earnings on Wednesday determined the direction of the S&P 500. Nvidia's earnings were optically strong, and while there is little concern that it will continue to...

S&P 500 Digests Earnings Reports As the poster child for AI and a significant contributor to U.S. economic growth, Nvidia's earnings on Wednesday will likely shape the direction of the S&P 500 for the remainder of the month. Back in January, we cautioned: "Is...

S&P 500 Digests Earnings Reports The sentiment and direction of the S&P 500 last week were clearly downward. Market optimism throughout the week was negative as doubts about a December meeting cut to interest rates gained momentum. At the opening of markets on...

S&P 500 Digests Earnings Reports As predicted in our previous post, the FED rate cut announcement last Wednesday was a sell-the-news event in the S&P 500. The announcement on Thursday of a US-China trade deal did little to limit the correction, likely due to...

Upside Trend In S&P 500 The S&P 500 closed at an all-time high last week on the back of a better-than-expected CPI report and the expectation that the FED will cut interest rates this week. The trend in the S&P 500 remains to the upside, and the advanced...

Are AI Valuations Justified? AI-related stocks in the U.S. may be approaching bubble territory, but opinions are sharply divided among experts. Some analysts warn of overvaluation and speculative excess, while others argue that strong fundamentals justify current...