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Here’s a quick recap of Markets for the Week of January 17th, 2025 and what we are watching this week:
S&P 500 $SPY +2.9%
Nasdaq Composite $NDX +2.4%
Russell 2000 $IWM +4%
Dow Jones Industrial $DJI +3.7%
It was the best week for the S&P 500 since the election thanks to inflation data, excitement over bank earnings and Trumps inauguration.
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Key points from last week:
December’s key inflation data comes in cooler- Producer Price Index (PPI) readings exceeded expectations, reflecting a easing in inflationary pressures on a month-to-month basis. While the Consumer Price Index (CPI) report reflected a drop in the year-over-year rate in core-CPI to 3.2% from 3.3% in November. This caused Treasury rates to finally cool off bringing momentum back to risk on assets like stocks and crypto.
Financials kicked off Earnings season excitement - fueling a +6% gain for the week thanks to JPMorgan Chase (JPM), Goldman Sachs (GS), BlackRock (BLK), Wells Fargo (WFC), and Citigroup (C) all reporting much better than expected.
Trump Mania - there was a speculative buzz heading into Monday's inauguration of Donald J. Trump as the 47th President. Bloomberg reported that Trump is planning an executive order to declare cryptocurrency a national policy priority just as his $TRUMP meme coin made a +5,500% move over the weekend trading from $1.50 to a high of $76.
S&P 500 Heat map for the week
S&P 500 Sector Performance for the week
🗓 The Week Ahead 🧐
Monday, January 20th - Friday, January 24th, 2025
Attention this week will be focused on:
Martin Luther King Jr. Day- markets are closed Monday in observance.
Jobless Claims - are expected nearly flat at 218,000 after a bigger than expected increase of 14,000 to 217,000 a week ago. That would compare with the four-week moving average of 212,750.
- New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market.
Consumer Sentiment - is expected unchanged at 73.2 in the January final.
- The University of Michigan's Consumer Survey Center questions households each month on their assessment of current conditions and expectations of future conditions. Preliminary estimates for a month are released at mid-month and are based on about 420 respondents. Final estimates are released near the end of the month and are based on about 600 respondents.
🚨Our Watchlist 👨🏫
$SPY: S&P 500 had a nice relief bounce after inflation came in cooler than expected bringing some excitement for earnings season and welcoming the new administration.
Earnings season will determine if we make new all time highs or just consolidate some and trade in a range for a few weeks.
SPY over 602 look for 606,608,610. Under 592 has room back down to 590,588,584
$NFLX: Netflix will report earnings on Tuesday, giving us a sneak peak at what Tech sentiment may look like this earnings season.
Netflix’s Q4 sales are thought to have increased 14% to $10.12 billion, compared to $8.83 billion in the comparative quarter. More impressive, the streaming giant’s Q4 EPS is expected to climb 98% to $4.19 vs. $2.11 per share a year ago.
NFLX over 865 look for 880,900,920,950. Under 820 has room down to 800,775,750.
$FAS: Financials brought an exciting start to earnings season last week, with FAS giving us a +11% move which we discussed in detail live Monday night during our market zoom. (Interested in attending comment “Market zoom” below or reply back for the link.)
Several other big banks will report this week so let’s see if we get continuation in the sector.
FAS over 172 has room to 180,190,200,220. Under 160 pulls back to 150 and 140
*None of these stocks above are recommendations to buy, sell or trade. We do not give financial advice, you should always do your own due diligence and practice proper risk management.*
If you are interested in seeing how we are looking to trade these names reply back or comment Swing Trades below for more information.
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Encouraging others to:
To seek more → what fuels your passion
To challenge your mindset and look at things in a different perspective
To learn from each others experiences and be humble because we never know what someone else is going through
To uplift and want more from not only ourselves but those around us
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