Weekly Market Wrap: How Will Financial Markets Fare in 2024?

New: Join our 3-hour live workshop with Spencer to learn the basics of trading and make your first live trade!

2024 Image

Subscribe for real-time alerts and weekly videos:
👉🏻 https://synapsetrading.com/daily-trading-signals

 

Market Recap & Upcoming Week

2023 closed on a high note for investors, with all 11 asset classes tracked in a common framework showing positive returns, a stark contrast to the previous year when cash was the only positive asset class.

Bonds, despite a turbulent year, have surged in the past couple of months, offering both attractive income and the potential for more price gains.

This upswing serves as a lesson on the benefits of staying invested, regardless of sometimes grim headlines.

Looking to 2024, the market may face various challenges, but optimism is warranted.

There’s a consensus that interest rates have reached their zenith, with the Federal Reserve setting the stage for potential rate reductions. Inflation appears to be easing, corporate profits are on the mend, and, except for the big gainers of the year, valuations are generally sensible.

As investors return from the New Year’s Day holiday, they face a packed week of economic data releases and a fresh round of corporate earnings.

The Atlanta Federal Reserve’s GDP projection will set the tone, complemented by insights from construction spending and factory orders.

The FOMC minutes release is highly anticipated, offering a deeper dive into the rationale behind the Fed’s latest interest rate decision, which could sway market sentiments.

The week’s highlight is Friday’s employment report, expected to draw significant investor focus, while additional labor market details will emerge from job openings, initial jobless claims, and private-sector employment data.

On the earnings front, Walgreens Boots Alliance, Conagra Brands, and Constellation Brands stand out as major companies reporting this week, potentially impacting market movements.

Daily Trading Signals (Highlights)

Trading Signals SOL 251223

Solana (SOL) – Following up on this trade, we bought at around $58, and now it is around $113, giving up a +93% profit in just one month! Congrats to all subscribers who took this trade! 👏🔥📈

For those who missed this, the good news is that the crypto season is just getting started, and many more great opportunities will be coming in 2024.

 

Trading Signals GBPCHF 281223

2024 01 01 16.54.38

GBPCHF – Following up on this trade, it managed to hit our first TP of 250 pips profit in just a few days, and went on to 350 pips! (for those who took half profits and used a trailing stop.)

Congrats to those who took this trade! 👏🔥💪

 

Join our community for real-time alerts and weekly videos:
👉🏻 https://synapsetrading.com/daily-trading-signals



Banner 01 Trading Foundation Workshop New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!

Daily Trading Signals Banner Updated If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *