In today’s briefing:
- Semiconductors Re-Emerge as Leadership; $SPX $QQQ $IWM Outlook Remains Bullish
Semiconductors Re-Emerge as Leadership; $SPX $QQQ $IWM Outlook Remains Bullish
- The Fed injected some volatility into the market after their December meeting, as they noted an uncertain inflation outlook and the SEP less expected rate cuts for 2025.
- We discussed in our latest report (12/23/24 ETF Pathfinder), and continue to believe, that this is a buying opportunity.
- Market dynamics remain risk-on, the SPX remains above 5850 (a key support level we have discussed since late-November), mid-caps (IJH) and small-caps (IWM) are above supports at $61.50 and $218
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