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01 December Market Analysis (Free)
Drew McFinance
December 01, 2024
Hello McFinancers! We hope everyone had an enjoyable Thanksgiving and time with friends and/or family. This week’s market analysis.
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Latest Market Analysis
Index / Item | Last Weeks Price | This Weeks Price | Change |
|---|---|---|---|
S&P 500 1 | $5,968 | $6,033 | 1.09% |
Dow Jones 1 | $44,291 | $44,932 | 1.45% |
Nasdaq 1 | $19,001 | $19,218 | 1.14% |
Bitcoin 1 | $99,350 | $97,439 | 1.92% |
Ethereum 1 | $3,327 | $3,593 | 8% |
Gold 1 | $2,733 | $2,684 | 1.79% |
Silver 1 | $31.73 | $31.12 | 1.92% |
USD CPI Rate 2 | 2.74% | 2.69% | -0.05 |
Overall: This week, there were no major changes in key U.S. indexes, cryptocurrencies, or precious metals like gold and silver. However, it appears that markets are stabilizing after the volatility surrounding the U.S. presidential election. As we enter December, investors may start to see the beginning of the "Santa Claus rally," a seasonal uptick historically driven by increased consumer spending on gifts, decorations, and travel during the holidays. Historically, December has seen an average rally of 1.31% from 1928 to 2023. With the year coming to a close, this is also a good time for investors to review their portfolios, potentially cutting underperforming positions to minimize losses.
Investors should always prioritize risk management strategies to safeguard their portfolios against potential losses. In times like these, a diversified portfolio across different asset classes—such as equities, cryptocurrencies, commodities, real estate, alternative investments, and businesses—can be crucial. It’s also wise to diversify asset types, balancing capital-gain-driven assets with those providing consistent cash flow, to build resilience against market volatility.
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* Investing can be unpredictable and volatile. Investors should always do proper due diligence to determine if assets are right for them. We are not licensed tax or financial professionals.
1 Prices are taken at 4 PM Eastern Time on Friday afternoon
2 CPI Rate is provided by Truflation
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