🚀 Weekly Portfolio Update – Week 01: Jan 01st–Jan 07th, 2024
Dear Copiers,
Here’s a snapshot of our weekly journey in the market:
📈 Market Overview:
A mixed week as the U.S. job report beat expectations, impacting Fed rate-cut speculations. Our portfolio Santiago1000 saw a -2.65% dip, reflecting market movements. Notable drops in Nasdaq (-3.2%), S&P 500 (-1.5%), and Dow Jones (-0.6%) marked the week.
🔍 Key Insights:
- Bitcoin Surge: Bitcoin rallied above $45,000 on SEC ETF approval hopes, boosting crypto-related stocks.
- Record Debt: U.S. national debt surpasses $34T, posing fiscal challenges.
- Rate Uncertainty: FOMC minutes hint at rate cut uncertainty, emphasizing data-driven decisions.
- Market Cap Battle: Apple faces challenges, potentially losing the most valuable company title to Microsoft.
📊 Weekly Movements:
- U.S. Indices: Dow -0.6%, S&P 500 -1.5%, Nasdaq -3.3%.
- S&P 500 Sectors: Mixed movements with Tech (-4.1%) and Healthcare (+2.1%) notable.
- World Indices: Varied performance globally.
📈 Top Portfolio Performers (WEEK):
- $LLY: +6.11%
- $PBR: +3.57%
- $SMCI: +2.77%
- $NVO: +2.45%
- $JPM: +1.28%
📆 What’s Ahead Next Week:
- Economic Calendar: U.S. inflation report, Q4 earnings season kick-off.
- Earnings Spotlight: JPMorgan, Bank of America, BlackRock, Delta Air Lines, and more.
- Volatility Watch: Monitoring stocks with notable short interest and overbought/oversold conditions.
- IPO Watch: Smith Douglas Homes, Silynxcom, and Amer Sports IPOs, lockup expirations.
🚀 Looking Forward:
Despite challenges, our diversified portfolio remains resilient. Stay tuned for updates and market insights.
Until next time,
Santiago 🚀
#PORTFOLIOUPDATE #INVESTING #FINANCE
