New Stock Picks Ahead of the Fed's Next Move

December 8, 2024 - Update

From now on, I’ll review the macro environment only at the end of each month or when there’s a major market shift or big news.

Macro Overview

The key variables to watch remain:

• Inflation and GDP data as top priorities.

• Interest rates and financial conditions follow closely.

Next week, the November CPI (inflation data) will be released, with a slight increase expected. On December 18th, the Fed is anticipated to cut rates by 0.25%.

For now, the data points to a supportive backdrop for stocks.

Index Performance This Week

NASDAQ

• +3.34% for the week

• All key moving averages trending upward

• Increased volume

• Outperforming the S&P 500

• RSP (Equal Weight S&P 500)

  • -1.3% for the week

  • Still in an uptrend but underperforming the NASDAQ

  • Highlights a tech-driven market environment