NEWS
The Final Week Of 2024 Is Finished

Despite stocks having their worst down day of the holiday season, the market managed to eke out a small gain for the shortened week. Big tech led to the downside, with traders continuing to focus on small-cap names and crypto that continued their recent runs. With two days left in 2024, the focus has largely shifted to mapping out and preparing for an eventful 2025. 👀

Today's issue covers crude oil’s price coil, Trump looking to stop the clock on the TikTok ban, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 0 of 11 sectors closed green, with energy (-0.01%) leading and consumer discretionary (-1.65%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $KORE, $BSLK, $VINC, $FAAS, $PGNY 📉 $KC, $AGIO, $WTI, $ZJYL, $SRNE*

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

COMMODITIES
Crude Oil Coils Into 2025 😬 

It’s been a rough year for the energy sector. The S&P 500 energy sector is up just 4.20% year-to-date, making it the third-worst performer behind healthcare and materials. 🔻 

Crude oil futures hit their lowest level of the year in September, but now traders are flagging the asset once again as it stabilizes back near the price it began the year at. Technical analysts say this “triangle” pattern suggests this contraction of prices into a tighter and tighter range will resolve sharply…but it’s unclear in which direction. 🤷 

When looking at Stocktwits data, it appears retail investors and traders are looking for an upside resolution into 2025. Sentiment for crude oil ETF $USO is in ‘bullish’ territory, while the energy sector ETF $XLE nears ‘extremely bullish’ territory.

There have been plenty of catalysts to send oil prices lower this year, with none of them panning out quite as well as bears had anticipated. Now, with the tide turning and economic growth in the U.S. and abroad holding up better than anticipated, some see a fundamental tailwind for prices to turn higher.

We’ll have to wait and see how it plays out. But after a lackluster 2024, energy commodities and stocks are clearly on investors’ and traders’ radars as we head into the new year. It’s also on the Fed’s radar, as it looks to keep a lid on sticky inflation readings. 👀 

PRESENTED BY STOCKTWITS
The Weekend Rip With Ben & Emil 🎁 

In the final episode of 2024, Ben and Emil wrap up another wild year on Stocktwits, covering the biggest retail investor and trader trends, the market’s top performers, and predictions for 2025 that you don’t want to miss! 🤩