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NEWS
Wall Street "Embraces The Bubble"

The market started the final full week of 2024 on a mixed note. The Nasdaq reached a record high, fueled by strong performance from Tesla, Broadcom, Apple, Amazon, and Google. Meanwhile, the Dow slipped into negative territory as Donald Trump’s pledge to crack down on industry middlemen hit healthcare stocks. 👀

Today's issue covers Barron’s throwing caution to the wind, the Nasdaq 100’s announced changes, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 4 of 11 sectors closed green, with consumer discretionary (+1.35%) leading and energy (-2.20%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $AHG, $AEHR, $LC, $XWEL, $TNXP 📉 $GRND, $CLSK, $NKLA, $UK, $RDDT*

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

STOCKS
Barron’s Throws Caution To The Wind 🫧 

The bullish animal spirit continues to run wild through Wall Street, with another great example from Barron’s Magazine this weekend, where the cover story calls for investors to “embrace the bubble.” 🤔 

For those who haven’t read the story, the author noted that investing was arguably too easy this year, citing the lack of volatility despite a presidential election, escalating global conflicts, uncertainty about the Fed and economy’s path, and more.

Still, the publication notes that the Trump administration’s deregulation drive and the continued advance of artificial intelligence (AI) could “act as rocket fuel” and send stocks into the stratosphere—or up 15% to 25%. 🚀 

The author cites a number of Wall Street firms and strategists who acknowledge the potential risks ahead for the market but believe the bull run has more to go before it ultimately ends in disaster. Whether or not we’re ready for a dot-com redux remains hotly debated, but clearly, many fear the risk of not being bullish enough over that of being in the bearish minority and missing the rally. 😨 

And the bullishness it happening at the individual stock level, too. Tesla has doubled in price over the last seven weeks, Broadcom added to its all-time high breakout following several analyst upgrades, and Apple is seemingly a few good days away from hitting a $4 trillion market cap.

We’re all aware that the current environment has been and continues to be a bit whacky. However, on Wall Street, you’ve gotta make hay while the sun is shining. And despite several potential clouds on the horizon, the sun is most certainly shining. 🤑 

P.S. Since we’re talking bout sentiment, we should give an update on FartCoin. The memecoin reached a peak market cap of $891 million today…making it larger than over 40% of publicly traded companies. Ain’t that some shit? To keep up with the crypto market, subscribe to The Litepaper to receive our six-day-a-week coverage of the latest happenings. 🤪 

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