GBA Presents: House of Gummy-!

Bloomberg’s latest Instant Markets Live Pulse survey showed investors expect the S&P 500 to rise to about 4,835 at the end of 2024, an increase compared to the last survey before the Fed decision. Still, such a gain, which amounts to about 2.5% from the current level, reflects skepticism about how much US stocks can rally after this year’s advance of over 20%.
My NAIL is up 300%! BIRK hit $52!


Edited:


Wait, I have a few shares from $20, those are a Stoney 6 bagger like AAOI!
 
I was watching the DOW futures overnight and they looked like they fell off a cliff.//

Maybe I was seeing things wrong.

As rates come down we enter an interesting phase of the market--

Sometimes it really pays to take a larger bigger picture look.

In it's most basic sense.. when yields were 5% and above and the stock market got shaky.. you heard the clarion call for bonds. For safety. Hey you can get 5%.

Well before all of this stock market brilliance a lot of folks were trapped in Bonds getting their 5%. Then stks did 7-8% in just 1 month...

FOMO begins to take hold.

Soaring yields have pulled cash into money markets and other short-term instruments, as many investors chose to collect income in the ultra-safe vehicles while they awaited the outcome of the Federal Reserve’s battle against surging inflation. Total money market fund assets hit a record $5.9 trillion on Dec. 6, according to data from the Investment Company Institute.

The Fed’s unexpected dovish pivot on Wednesday may have upended that calculus: If borrowing costs fall in 2024, yields will likely drop alongside them. That could push some investors to deploy cash into stocks and other risky investments, while others rush to lock in yields in longer-term bonds.

Now we await the " Everybody Is In The Pool " moment...
 
PENN Entertainment, Inc. (PENN)- Do We Like This Idea?
NasdaqGS - NasdaqGS Real Time Price.
26.17+0.80(+3.15%)
At close: December 14 04:00PM EST
26.50+0.33(+1.26%)
Pre-Market:08:18AM EST
 
Chewy may of bottomed here-

Chewy price target raised by $5 at Needham//

CymaBay submits NDA to FDA for seladelpar

Slow news day/ I am noticing some rare downgrades-- Houses using this up cover to lower some names -- bit of a valuation warning***


DOW FUTURES-

37,751 5:56 am :strong:

37,388 6:15 :caution:
 
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