"Lean With It!"

Hi There! In the whirlwind of life's ups and downs, as they say, "life be lifing," and this week was no exception. From the bustling journey back from the warm shores of Grenada to the freezing temperatures of the US, coupled with the challenge of overcoming a cold and adjusting to the time change, it's been a hectic time. And with all the Valentine's activities, where love seemed to permeate every corner of the air, this week has served as a poignant reminder of a fundamental truth. Amidst the external expressions of affection, the greatest act of love starts within—investing in myself. It's a commitment to my growth, my development, and my journey towards becoming the best version of myself. This form of self-love is a powerful anchor, reminding me that, no matter the chaos of the world around me, nurturing my well-being is the foundation upon which all other forms of love can flourish.

Alright, let’s dig in!

Last week, the stock market was akin to a grand celebration, particularly for the S&P 500, which soared above the 5,000 mark for the first time in history. This milestone was fueled by strong company earnings and encouraging economic data that revealed inflation in December was even less than anticipated. Over the course of the week, the S&P 500 saw an increase of 1.4%, while the Nasdaq outperformed with a 2.3% gain, leaving the Dow to end the week relatively unchanged. This marked the fifth consecutive winning week for all three major indices, and an impressive 14th positive week out of the last 15.

In the bond market, the yield on the 10-year Treasury note dipped, a movement that typically benefits stocks, contributing to the week's bullish sentiment.

Oil prices also experienced a notable uptick, adding to the week's positive financial narrative.

Capping off the week, Bitcoin made headlines by climbing back above the $47,000 threshold, underscoring a broad-based optimism in both traditional and digital asset markets.

Here are other key highlights from last week:

• Amazon and Solana Labs bet on gaming and blockchain converging

• Courtyard puts analog collectibles like Pokémon Cards Onchain

Here are key U.S. events this week:

This week's financial calendar began with Fed Barkin's speech on Monday, setting the tone with insights into monetary policy. Tuesday's highlight was the release of the Consumer Price Index (CPI) Inflation data, a critical measure affecting Federal Reserve decisions. Thursday was the busiest day, featuring Retail Sales, Jobless Claims, New York and Philadelphia Manufacturing Surveys, and a speech by Fed's Waller, offering a broad view of the economic landscape. The week concluded today with the Producer Price Index (PPI) Inflation data and Consumer Sentiment figures, providing a snapshot of economic health and future prospects.

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

Trading Tip: Be patient! Don’t lose sight of the larger trading picture!

Week 2/04/24 - 2/10/24 Recap

Special Tools and Strategies

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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.