
- Moving the market
The markets showed little activity early on, with the S&P 500 trading near its highs and eventually closing at a new all-time high.
Some tech stocks, including Intel, Nvidia, and Microsoft, posted gains, with Intel leading the pack and achieving its largest two-week increase on record. Meanwhile, Meta’s 20-day win streak came to an end, causing the mega-cap sector to retreat.
After a winning week, with the Nasdaq advancing 2.6% and the S&P 500 up 1.5%, a pause may be in order. The bullish trend was supported by Trump’s announcement on Thursday about reciprocal tariffs, which were less stringent than feared.
The markets have been in a consolidation period since early December, with a potential breakout likely influenced by the latest news from Washington, which remains unpredictable.
The most shorted stocks declined, while gold surged towards the $3,000 level. In contrast, Bitcoin hit a near three-week low, and oil prices continued their rebound from Friday.
Bond yields increased, reversing the previous day’s decline and lowering expectations for a 2025 rate cut.
Despite being in the seasonally weakest period of the year, today was a strong start. Can this momentum be maintained, or will historical precedent prevail?
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