Market Slightly Up For The Week, Gains Supported By Strength in Large-Cap Tech

Key Takeaways

  • The S&P 500 closed at 4,697.96 which was up from last week’s close of 4,682.86.
  • Big tech stocks such as Apple and Nvidia have been holding the indexes as high levels despite some weakness in more beta-sensitive parts of the market.
  • Earnings have come in very good this season and continue to show underlying strength in the economy. Q3 Net Profit margins were 12.9% vs. 10.5% in Q4 of 2019.
  • The Russell 2000 has shown strength recently and hit an ATH this month. Analysts are anticipating steeper earnings growth from the Russell than from the S&P 500 in coming quarters.

_____________________________

Thank you to all of our subscribers who tuned into our Virtual Annual Conference. We had a record turnout and we were very pleased to introduce some of our new team members. Thank you for all the participation and questions. We’re excited to do an in-person conference next year if circumstances permit.

We’re so pleased to have such an engaged subscriber base. If you still don’t think the lines between crypto and equities are blurring after Michael Saylor’s talk, then we have a special crypto Signal From Noise next week to help further bolster the point. Be sure to check it out!

This was a mixed week in many ways and the tenor from Washington DC ...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)