Short and Sweet Post: Fed Caution, Tech Trends, and Portfolio Updates
December 23, 2024 Update
Holiday Update
I will keep this update brief as we move through the holiday season.
Market Overview
Last week brought some market volatility. The Fed seems cautious about further rate cuts.
Interestingly, the most recent rate cut was labeled a “hawkish cut,” indicating a conservative stance by policymakers.
From my perspective, the mid-term outlook remains favorable for stocks, especially as we enter the Trump administration with solid credit conditions.
GDP is expected to grow at 1.9% for Q4 2024 and around 2% for Q1 2025.
Index Snapshot
The NASDAQ ended the week down 1.78%. Even so, the uptrend remains intact. All key moving averages are pointing upwards.
Tech continues to lead, and I expect AI, robotics, and software to dominate for years to come.
Portfolios
10X MOMENTUM (spreadsheet link)
My Stop Loss triggered on CPAY for a 6.3% gain (37% annualized).
No new actions are planned this week.
Stop Loss levels have been updated.
I’m currently 66% in cash.
10X UNDERPRICED GROWTH (spreadsheet link)
My Stop Loss triggered on IREN for a 25.5% loss. It was a Bitcoin play that didn’t work this week, but that’s why we have processes.
ARQT is doing well, up 18% on higher volume. It has outperformed the S&P 500 for some time.
I plan to issue a BUY STOP order for 330 shares of ARQT at $15.10 to reach a full position.
Stop Loss levels have been updated.
On this portfolio, I am 49% in cash right now.
That’s all for this week. I hope you have a fantastic holiday season!
Important: This is not investment advice. Please consult a licensed financial advisor before making any investment decisions.
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