"The Journey Now Start!"

Hi There! Every year, I select a theme to guide my actions and aspirations. Last year, it was "Get sh*t done", which encouraged me to face my fears and achieve great things. I'm proud to say that I co-authored a book, "The Secrets of the Money Mind Connection", a 52-week journal aimed at building a resilient and successful mindset. Additionally, I was privileged to speak at an inaugural women’s empowerment event in my beloved homeland, Grenada.

This year, I am inspired by the theme of 'Advancement'. In 2024, I am on the cusp of significant personal growth and the development of meaningful connections. These changes promise a better life, improved health, and the opportunity to positively impact others.

Cheers to the amazing transformations that await me!

 Alright, let’s dig in!

Last week in the stock market, uncertainty prevailed following a stronger-than-expected Jobs report. While stocks initially climbed with the news of the U.S. adding more jobs than anticipated in December 2023, this positive momentum was short-lived. All three major averages – the Nasdaq, S&P 500, and Dow – ended a nine-week winning streak, with the Nasdaq experiencing the most significant drop at 3.25%, its worst weekly performance since September. The S&P 500 and Dow also fell by 1.52% and 0.59%, respectively. Contributing to the market's cautious outlook were the December unemployment reports, which lessened hopes for interest rate cuts.

Treasury yields saw a sharp increase, with the 10-year rate reaching 4.103%.

Oil prices climbed due to escalating tensions from the Israel-Hamas conflict, with the West Texas Intermediate (WTI) and Brent crude settling higher at $73.81 and $78.76, respectively.

Notably, Verizon (VZ), Boeing (BA), and Home Depot (HD) were among the biggest stock gainers.

In the crypto market, Arbitrum (ARB) stood out as the top gainer. Additionally, PancakeSwap's Decentralized Autonomous Organization (DAO) voted to decrease the maximum supply of its native token $CAKE by 40%, marking a significant decision in the crypto space.

Here are other key highlights from last week:

• Azuki unwrapped Anime Anthology Series with Director Taniguchi

• Grayscale dropped MATIC and adds AVAX and XRP in funds rebalance

This week in the markets had some significant developments:

• A major milestone was reached with the SEC's approval of the first spot Bitcoin ETF, a move anticipated to bring a new wave of capital into the cryptocurrency sector. Here is the list of Bitcoin ETFs and their outlooks.

• In the semiconductor industry, Advanced Micro Devices (AMD) stands out, having been highlighted by multiple analysts as a top pick for 2024. Following the CES 2024 announcements, AMD's stock saw an increase, buoyed by excitement over its new products and strategic direction. The launch of AI features in the Ryzen 8000-series desktop processors and the MI300X AI GPU, in particular, has been well-received, demonstrating AMD's strong position in the rapidly growing AI market. Analysts have set ambitious price targets for AMD, ranging from $170 to $200, indicating a substantial potential upside.

Keep an eye on the following:

• The Federal Reserve's influence remains pivotal, with speeches this week from notable figures like Bostic, Barr, Williams, Barkin, and Kashkari. These speeches are closely watched as they often provide insights into the Fed's future monetary policy and its impact on markets.

• US Economic News:

  • Thursday - Consumer Price Index (CPI)

  • Friday - Producer Price Index (PPI)

Several big banks, such as JPMorgan & Chase (JPM), Bank of America (BAC), and Blackrock (BLK) release their 2023 Q4 earnings on Friday.

The most anticipated earnings releases this week are outlined in the chart below.

This Week’s High-Impact Global Economic Data Highlights:

• Germany Industrial Production (Nov)

• Australia CPI (Nov)

• China CPI

• UK GDP (Nov)

Trading Tip: Avoid FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt) by sticking to your research and trading strategy!

Week 12/31/23 - 1/06/24 Recap

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Disclaimer: This newsletter is strictly educational. The information this report provides does not constitute investment, financial, trading, or any other advice. You should not treat any of the report’s content as such. Please be careful and do your research.