NEWS
‘Best Week Of 2024’ Drives Record Highs

A clear election outcome, Fed cut, and optimism about Trump’s pro-business stance have the bull market raging on, with a week for the record books. While it was a muted day on Wall Street at the index level, many stocks continued to shoot higher under the surface as the bulls bet on further gains into year-end. 👀

Today's issue covers a rundown of this week’s records, why tariff terrors are sweeping the globe, and one stock that sums up the madness. 📰

Here’s the S&P 500 heatmap. 8 of 11 sectors closed green, with utilities (+1.92%) leading and materials (-0.91%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $EVH, $INDI, $SMSI, $AVPT, $REVB 📉 $GTN, $FLR, $ASRT, $QRTEA, $RAPP*

*If you’re a business and want to access this data via our API, email us.

STOCKS
A Day Of Record Highs… 🥳 

It was a wild week in the markets, with bulls running the show and making it feel like we were back in a 2020-2021 environment. Here are some notable moments to sum up election week:

• The S&P 500 crossed 6,000 for the first time. Every major index hit new all-time highs, except the Russell 2000 which is steps behind.

• The S&P 500 posted its largest post-election day gain ever (+2.53%).

• Bitcoin hit a new all-time high, with prices crossing $77,000.

• The altcoin market cap crossed back above $1 trillion.

• Of the "Magnificent 7,” Amazon hit all-time highs, Nvidia replaced Apple as the most valuable company, and Tesla soared 29% following Trump’s victory.

• S&P 500 company profits rose 8% YoY in Q3 vs. expectations of 3%.

These were just a few of the monster moves and developments in the markets this week. If you want an idea of what happened under the surface, check out our “Chart of The Day” below. It’ll blow your socks off, lol.

For now, the bulls are in control and making hay while the sun shines. Looking ahead, it’s unclear what the catalyst would be to break up momentum. However, as 2020 and 2021 taught us, when everything is working, it is often a good time to review your plan and ensure you know what to do when the tide eventually shifts. 👍️ 

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