Stock Market Update Thursday November 14, 2024 Equities faced downward pressure as Federal Reserve Chair Jerome Powell signaled caution regarding the likelihood of a December rate cut, casting uncertainty over monetary policy. The S&P 500 and Nasdaq 100 each retreated by approximately 0.66%, reflecting investor sensitivity to interest rate expectations.
Away From Stocks: The policy-sensitive two-year Treasury yield reacted with an uptick of seven basis points, settling at 4.34%, indicative of heightened caution around near-term rate changes. In the commodities sphere, West Texas Intermediate (WTI) crude edged up to near $69 per barrel, while gold extended its recent downtrend, trading at $2,568 per ounce, roughly $200 below its late October highs, signaling diminished safe-haven demand. Cryptocurrency markets saw significant volatility, with bitcoin plummeting to $87,300. Meanwhile, the VIX, often viewed as a gauge of market volatility and investor sentiment, held steady just above the 14 level, suggesting moderate, though controlled, risk sentiment.
Back on September 13, our premium members got the early heads-up on buy alerts for SPY and QQQ ETFs, signaling a promising entry point based on our proprietary algorithm. 📊 They’ve been in the know, tracking a forecasted market climb until December, with lower volatility expected as the VIX targets the 10-11 range.
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We are looking forward to 2025, as our analysis suggests that there will be many opportunities to make lots of money with the new administration taking office.
🚨 BREAKING: Warren Buffett Goes Big on Domino's Pizza! 🍕💸
The Oracle of Omaha just placed a massive bet on Domino's, buying $500 million worth of $DPZ stock! 🍕📈 Buffett’s bold move shows confidence in the pizza giant's growth potential despite changing consumer habits. As always, when Buffett makes a move, Wall Street listens 👀. Is this a signal for more gains in the fast-food space? 📊
What do you think? Is $DPZ the next big slice of opportunity?