📊 Copiers Weekly Portfolio Update 🚀 (Week 44: Oct 30th – Nov 5th)
📈 Market Overview:
What a week for the markets! The big three indexes soared to their biggest weekly gains of the year. Investors are hopeful that the Federal Reserve’s interest rate hikes might be easing, especially after a weaker-than-expected October jobs report. Bond yields took a dive, with the 10-year Treasury yield sliding to 4.57%, calming fears of rising rates. The portfolio Santiago1000, Dow Jones, S&P 500, and Nasdaq all posted impressive gains, making it the strongest week for these indices in quite a while.
🚗 Go big or go home:
The auto industry strike saga finally comes to an end. General Motors (GM) sealed a deal with the United Auto Workers union, bringing relief after weeks of uncertainty. However, the hefty pay raises for union members might pose challenges for GM and Ford (F), impacting their bottom line. Investors are closely watching to see if GM’s 2030 business plan stays on track.
💼 Commission collusion:
Digital real estate stocks, including Zillow (Z), Opendoor (OPEN), and Redfin (RDFN), faced a downturn as realtor groups and brokerages were found guilty of conspiring to inflate commission rates. This decision could reshape the real estate landscape in the U.S., potentially changing how agents are compensated.
🏦 ‘Proceeding carefully’:
Federal Reserve Chair Jerome Powell’s cautious stance on interest rates left investors with mixed feelings. Stocks rose despite uncertainty, while bond yields fell. The Fed’s commitment to proceeding carefully didn’t deter market optimism.
Apple (AAPL) faced a 3.4% drop following its fourth consecutive quarter of declining revenues. Despite an earnings beat and strong services performance, disappointing guidance left investors questioning Apple’s valuation.
🕵️ Fraud and conspiracy:
Cryptocurrency exchange FTX’s founder, Sam Bankman-Fried, faced a guilty verdict on fraud and conspiracy charges. The impact on Bitcoin was temporary, and crypto has been resilient, climbing 105% YTD.
📈 Weekly Movements:
Dow +5.1% to 34,061.
S&P 500 +5.9% to 4,358.
Nasdaq +6.6% to 13,478.
Russell 2000 +7.6% to 1,761.
CBOE Volatility Index -29.9% to 14.91.
S&P 500 Sectors
Consumer Staples +3.3%.
Information Technology +6.8%.
Consumer Discretionary +7.2%.
Real Estate +8.4%.
London +1.7% to 7,418.
France +3.7% to 7,050.
Germany +3.4% to 15,189.
Japan +3.1% to 31,950.
China +0.4% to 3,031.
Hong Kong +1.7% to 17,687.
India +0.9% to 64,364.
Commodities and Bonds
Crude Oil WTI -5.4% to $80.89/bbl.
Gold +0.6% to $1,999.9/oz.
Natural Gas +9.8% to 3.473.
Ten-Year Bond Yield -0.2 bps to 4.576.
Forex and Cryptos
📊 Top Portfolio Performers (WEEK):
💡 What’s Ahead Next Week
As I dive into the upcoming week, the market is buzzing with anticipation. Here’s a sneak peek into what to expect:
📈 Market Dynamics:
Investors are pushing stocks for a recovery, fueled by optimism after the previous week’s stellar performance. Treasury yields are on a downward trend, providing additional support to the market sentiment. The focus shifts to the Federal Reserve Senior Loan Officer Opinion Survey, a crucial report that will shed light on bank lending conditions. Analysts are closely watching this release as it plays a key role in assessing credit and growth risks in the coming months.
🗣️ Central Bank Insights:
The week ahead will feature prominent figures from central banks worldwide. Federal Reserve Chairman Jerome Powell is set to speak at a panel during the IMF’s annual research conference, sharing insights on the current economic landscape. European Central Bank President Christine Lagarde, Bank of Japan Governor Kazuo Ueda, and Bank of England Governor Andrew Bailey will also address the public, providing valuable perspectives on global economic trends.
💼 Earnings Calendar Highlights:
While the earnings calendar is winding down, there are still noteworthy reports scheduled. Disney (DIS), Gilead Sciences (GILD), and Uber Technologies (UBER) are among the companies set to announce results. These reports can have a significant impact on market sentiment and individual stock performance.
🌐 Global Events:
Beyond earnings, global events are on the horizon. AstraZeneca (AZN), Wynn Resorts (WYNN), Li Auto (LI), Groupon (GRPN), News Corporation (NWSA), and Archer Aviation (ACHR) are on the earnings spotlight for Thursday, November 9. Additionally, Soho House (SHCO) wraps up the week with its earnings report on Friday, November 10.
💰 Dividend Watch:
Dividend investors have exciting prospects with companies like A10 Networks (ATEN), Motorola Solutions (MSI), Roper (ROP), and Lancaster Colony (LANC) expected to boost their quarterly dividend payouts. The newly launched Roundhill S&P Dividend Monarchs ETF (KNGS) offers an intriguing opportunity to tap into a selection of dividend-paying blue-chip names with a history of steadfast dividend dedication.
🤖 AI Events:
Tech enthusiasts will be closely following the first-ever OpenAI DevDay in San Francisco. This event promises a glimpse into new tools and ideas, showcasing the impact of technologies like GPT-4, GPT-3.5, DALL·E, and Whisper. Moderna’s (MRNA) virtual Digital and AI Investor Event is another highlight, exploring the role of AI in driving innovation, scale, and value creation in the biotech sector.
📊 Quant Ratings:
Quant rating changes are making waves in the market, with notable shifts like Amgen (AMGN) to Strong Buy from Hold, Aurora Innovation (AUR) to Buy from Hold, and Sphere Entertainment (SPHR) to Sell from Hold. These changes can influence investment decisions, and investors will be keenly analyzing the implications.
As I navigate through the upcoming week, stay tuned for market updates, insightful events, and potential opportunities that may arise. The financial landscape is dynamic, and being informed is key to making strategic investment decisions.
Untill next time,
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