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This Week's Wall Street Cheat Sheet
Fed Watch 2024: The Last Dance of Interest Rates (Weekly Cheat Sheet)
December 16, 2024
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The Nasdaq Composite stole the show, breaking the 20,000 barrier for the first time and closing 0.3% higher for the week. It’s a milestone that reminds me of the dot-com boom, but this time, it’s backed by real earnings and innovation. Meanwhile, the S&P 500 and Dow Jones took a breather, dropping 0.6% and 1.8% respectively. The Russell 2000 felt the most pain, shedding 2.6%.This divergence isn’t just numbers on a screen. It tells us a story about where the smart money is flowing. Growth stocks, particularly in tech, are seeing renewed interest. But let’s not get ahead of ourselves – market cycles have taught me that what ...
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