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This Week’s Market Forecast… 📊

The market took a break last week after its massive short term rise following the election. After Trump was elected, the market rose over 5%, reaching all time highs in every index. Investors believe that the market will perform well under Trump due to less regulation and lower taxes.

The market pulled back a couple percent last week and ended the week at 5,870. I believe the pull back was due to investors taking profits. I personally think that the market has more room to run throughout the rest of the year.

When you look at the equal weighted S&P, the forward P/E ratio is 17.5. I think that performance is going to shift, and will not only be focused on tech. I believe there are many companies that have underperformed the market over the last 2 years that have the potential to help push the market higher.

We are also within the most wonderful time of the year for the market. The market tends to perform very well in November and December, and some years provides investors with the so called “Santa Claus Rally.”

As we look ahead to this week, all the focus is on NVIDIA. NVIDIA reports earnings on Wednesday, and it will be a big market mover depending on their numbers, but more specifically their forward guidance.

Other than NVIDIA, there will be a decent amount of Fed members giving their input, and we will also get the PMI Services and Manufacturing reports.

🚨Top Stocks on our Radar…

Nvidia reports earnings on Wednesday this week after the close. Nvidia has been the most important stock in the market over the last two years and their earnings report will be closely watched.

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