Was Friday's double dose of good news a turning point for the stock market?
Publishing timestamp: 2024-12-23 08:47:55
Summary
Despite a sharp rally on Friday, the stock market ended the week down due to the Fed's interest rate cut and hawkish outlook. Investors should focus on long-term fundamentals and use volatility to their advantage. Economic data, including PCE inflation gauge and retail sales, influenced market movements. Changes were made to the portfolio, including initiating a new position in Goldman Sachs and trimming positions in Morgan Stanley and Advanced Micro Devices. Looking ahead, housing reports will be important for investors.
Sentiment: MIXED
Tickers: MRVL, .SPX, GS, .IXIC, AVGO, MS, NVDA, .DJI, AMD,
Keywords: morgan stanley, marvell technology inc, advanced micro devices inc, club week in review, nvidia corp, prices, markets, broadcom inc, austan goolsbee, jim cramer, goldman sachs group inc, jerome powell, breaking news: markets, business news, investment strategy,