Here are 3 forces that drove a remarkable, record-setting week on Wall Street
View original at cnbc.comHere are 3 forces that drove a remarkable, record-setting week on Wall Street You can call it a comeback…
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Consumers and small businesses remain resilient
60% confidenceGoldman Sachs is the one bank you really want to own because that was actually a really good quarter
60% confidenceBefore the war-driven surge in energy prices, gas accounted for 6% of total debit card spending and 4% of total credit spending, with each level rising 1%
60% confidenceConsumers are spending more than a year ago, which includes spending more on gas, but they haven't slowed spending on everything else
60% confidenceThere could be more gains in stocks that have been pressured by the war if good news keeps coming
60% confidenceMicrosoft management needs to allocate more of its available compute capacity to Microsoft Azure rather than to Copilot
60% confidenceThe Club plans to eventually exit Palo Alto and put some of those funds into CrowdStrike
60% confidenceAs AI models get more advanced, it should actually be a tailwind for cybersecurity companies including CrowdStrike and Palo Alto Networks
60% confidenceThe war was very close to over
60% confidenceThere is a coming rotation into stocks that were pressured by the war
60% confidenceThe S&P 500 went from near correction territory (down about 9% from its all-time peak) back to an all-time high in just 11 trading days, the fastest move to record levels from a bottom of at least 9% since at least 1990
60% confidence
Data points we hold from this source
| NASDAQ · weekly return | 6 percent |
