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šŗ What You Need to Know Before the End of Q4...
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This Weekās Market Forecastā¦ š
Last week, the market cooled off following a sharp post-election rally that saw indexes jump over 5% to record highs. Optimism around reduced regulation and lower taxes under Trump drove this surge.
The market ended the week at 5,870 after a modest pullback of a couple of percent, likely due to profit-taking. Despite this pause, I believe thereās still room for growth, especially with underperforming sectors outside of tech showing potential.
Looking at the equal-weighted S&P 500, the forward P/E ratio of 17.5 indicates that valuations are not overly stretched. Companies that have lagged over the past two years may help push the market higher as leadership broadens.
November and December are historically strong months for equities, with the potential for the traditional āSanta Claus Rallyā to boost momentum.
This week, NVIDIAās earnings report on Wednesday will be a key focus, with forward guidance likely to move markets. Investors will also watch Fed commentary and PMI reports for additional direction.
My Schedule This Week!
Have a Blessed Weekend!
Disclaimer: Wolf Financial does NOT offer financial advice. All content provided is strictly for informational purposes. Wolf Financial is not registered as an investment, legal, or tax advisor, nor as a broker/dealer. Please be aware that trading any stock or crypto-related asset carries inherent risks and may lead to substantial capital losses.
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