1. The S&P 500 ended a 5-day losing streak but still closed the week with a loss of 0.48% from the previous Friday. 2. The index is currently 2.43% below its record close from December 6th, 2024, and is up 1.26% year-to-date. 3. The U.S. Treasury's 10-year note yield closed at 4.60% on January 3rd, which is above its record low.

1. The Santa Claus Market Rally began on Christmas Eve, with significant gains across major indices. 2. Post-holiday, there was a rise in 10-year Treasury yield and a decline in futures. 3. Retail spending exceeded expectations, and jobless claims fell. 4. Russia's missile attack on Ukraine raised concerns over energy security and geopolitical tensions. 5. Crypto trends remained in focus, but Bitcoin experienced a slide.

1. The Fed shifts focus back to inflation this week with the release of the November consumer price index; 2. Economic expectations for a 0.3% rise in both headline and core CPI; 3. The article highlights upcoming earnings reports from major companies and financial conferences.

1. Alternative economic indicators like construction, advertising, and gaming revenue suggest a positive outlook for the U.S. economy and SPDR S&P 500 ETF Trust. 2. The Fear and Greed Index at 57 indicates positive sentiment. 3. S&P 500's Q3 2024 earnings and revenue growth, along with a forecast for 15% earnings growth in 2025, boost confidence. Despite risks, the author predicts SPY will rise at least 10% by 2025.

1. Black Friday led to a significant increase in consumer spending, driven by aggressive marketing and online deals. 2. Core PCE inflation rose 0.3% M/M in October, matching expectations. 3. Proposed tariffs on Mexico and Canada could impact key industries and cross-border supply chains.

1. The DOW surged over 570 points following NVIDIA's strong Q3 2025 earnings; 2. Bitcoin reached $99,000 as investors anticipate a $100k milestone; 3. The U.S. Department of Justice proposed breaking up Google and selling its Chrome browser to combat monopolization.

1. There may be another explanation for the weakness in the US Treasury 10-year note prices, i.e., interest rates rising, and it is not fear of renewed inflation; 2. Flight-to-safety buyers may be feeling safer, willing to take on more risk; 3. Higher rates are a sign of a strong economy.

1. The major US stock indices had a mixed performance this week; 2. US CPI data matched October forecasts, with the 10-year yield falling; 3. Bitcoin reached a new record high; 4. Geopolitical tensions in the Middle East affect global oil supply chain.

1. The post-election rally in the S&P 500 has stalled, with the index shedding 130 points over four days, nearly erasing half of November's gains; 2. Financials surged on expectations of lighter regulation, while small caps and Asian markets sold off; 3. Bitcoin surged 19%; 4. All equity groups were in the red in the broad market selloff, with small caps hit hardest; 5. Short-term selling is expected, but long-term momentum remains positive due to potential tax cuts and deregulation, despite inflation risks.

1. The Dollar Index has risen for seven weeks without a weekly decline in Q4; 2. The British pound has not been able to sustain an uptrend, falling for six consecutive sessions; 3. Canada's CPI fell nearly 1% annually over four months through September.

1. Global stock markets experienced mixed movements this week, with the Nasdaq reaching an all-time high amidst Big Tech earnings and the upcoming U.S. Presidential election. 2. Alphabet's Q3 2024 earnings exceeded expectations, with a 37% increase in earnings per share, driving the tech sector's performance. 3. The September jobs report was mixed, indicating a transition in the labor market amidst economic challenges.

1. The Federal Reserve's recent rate cut and projected future cuts signal a positive shift for the REITs sector. 2. The JOLTS Report missed expectations, with job openings falling and layoffs rising, suggesting potential for more rate cuts. 3. REITs benefit from lower borrowing costs and attractive dividend yields, driving investor demand and share prices. 4. Five top Quant-rated REITs with strong factor grades and dividend scores could benefit from the current environment. 5. Seeking Alpha's Quant REIT ratings evaluate REITs using specialized metrics reflecting unique characteristics of property investments.

1. Nvidia's market cap surpasses that of the Canadian, UK, French, German, and Italian stock markets combined. 2. The September rate cut led to a significant compression in the yield curve, increasing the risk of a whipsaw on the long end. 3. The 10-year yield dropped to as low as 3.6% in September, despite the Fed's long-term target of 3%.

1. The Dow Jones Industrial Average and gold prices have reached all-time highs just before periods of financial market and economic turmoil in the U.S. (1973, 2007). 2. The only other instance of a dual high in these two assets was late 2020 after the COVID-19 pandemic. 3. The occurrence in 2024 could be a warning sign for potential market trouble in 2025, especially with the possibility of oil prices rising due to Middle East conflicts.

1. The S&P 500 and Dow Jones Industrial Average reached historic highs. 2. Despite inflation concerns, markets continued to rise due to traders' resilience and positive bank earnings. 3. The Federal Reserve cut interest rates by 50 basis points for the first time since the COVID-19 pandemic.

1. The unemployment rate is expected to remain at 4.2%; 2. Continuing claims data may not be a good leading indicator for the unemployment rate; 3. The risk is that new entrants into the labor market aren't being absorbed, pushing the unemployment rate higher.

1. The article discusses the potential for REITs like Netstreit and Plymouth Industrial REIT to outperform due to expected Fed rate cuts. 2. It highlights the attractive yields and growth potential of these REITs amidst shifting rate expectations. 3. The analysis also points out the undervaluation of these REITs, suggesting significant upside potential.

1. The recent volatility in the stock market was largely driven by the Japanese carry trade. 2. Japan's stock market movements significantly influence U.S. stock openings. 3. Despite some unwinding of the carry trade, U.S. Treasury yields remain lower than a few weeks ago.

1. The S&P 500 temporarily avoided a crash, bouncing to key resistance as the Yen stopped rising and VIX fell to the low 20s. 2. The macro situation remains negative, with a weakening labor market and weak consumer spending indicated by corporate earnings. 3. The Gen AI bubble is bursting, suggesting a further downside for the market.

1. The S&P 500 has declined for three consecutive weeks, nearing the 5265 target. 2. Technical analysis suggests a potential collapse, but the author is prepared to bet against it under favorable conditions. 3. The article provides a detailed technical outlook and conditions for potential buying opportunities.