Morning Market Outlook 12062024
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Morning Market Outlook 12062024
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Stephen Whiteside from TheUpTrend.com provides an analysis of the current stock market trends and movements. He highlights a relatively quiet week for major indices like the TSX, S&P 500, and NASDAQ, noting some new highs despite small pullbacks. Bitcoin briefly surpassed $100,000 but retraced, with key ETFs and stocks like Coinbase seeing gains, while others like MARA lagged. Gold and crude oil experienced inside weeks, with changes expected post-nonfarm payroll announcements.
Canadian markets reveal mixed signals, with the Venture Exchange pulling back and notable sector disparities, such as strong performance from Royal Bank but continued struggles for TD Bank. The U.S. market also saw diverse activity, with Tesla hitting price targets and stocks like Uber facing declines. Whiteside reiterates the importance of closing prices in decision-making and provides an optimistic outlook heading into the weekend.
Stephen Whiteside
TheUpTrend.com
Friday, December 6, 2024
https://theuptrend.com/morning-market-outlook-12062024/