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This Week’s Market Recap… 📊

I hope you had a Merry Christmas if you celebrate and Happy Holidays if you don’t.

This week has been light in market activity, with the markets completely closed on Wednesday for Christmas and closing early on Tuesday for Christmas Eve.

The so-called "Santa Claus Rally" kicked off on Tuesday. This rally refers to the last five trading days of the year plus the first two trading days of the New Year. Historically, a positive Santa Claus Rally has been a good indicator for the year ahead.

On Tuesday, all major indexes rose, with the S&P 500 and Nasdaq both gaining over 1%. Notably, treasury yields also rose alongside stocks, a change from the recent trend where they’ve moved in opposite directions.

There was not much economic data this week, but we did get our weekly jobless claims report on Thursday. The jobless claims, which shows how many people applied for unemployment, came in at 219,000, lighter than the expected 223,000.

Looking ahead, next week is expected to remain quiet. Markets will be closed again on Wednesday for New Year’s Day but will observe regular hours on New Year’s Eve.

As we look ahead to next year, we believe there is more room to run for the market. We have set our S&P 500 target at 7,000, and are pretty confident we will be around that number.

I hope you have a wonderful rest of your holidays and enjoy time with the people you love.

Have a wonderful weekend!!

Top ETFs on our Radar… 📈

The Schwab U.S. Dividend Equity ETF (SCHD) is a low-cost, passively managed fund that tracks the Dow Jones U.S. Dividend 100 Index, focusing on high-quality, dividend-paying U.S. stocks. It emphasizes companies with a strong history of dividend growth and solid financial metrics, making it a popular choice for income-focused investors.

Tune in every Monday and Friday for in-depth Market Analysis, Recaps, and a featured Stock & ETF.

Thanks for reading and have a great week!

-Ryan

@Theinvestingauthority