• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Inflation Data Brings Holiday Cheer as We Head Into Year-End
Stock

Inflation Data Brings Holiday Cheer as We Head Into Year-End

by December 23, 2023
by December 23, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The markets were handed a holiday gift today after the Commerce Department reported that underlying inflation pressures are continuing to slow down. This has left more income at the disposal of households which, in turn, is helping to strengthen consumer spending and the overall economy. The news sets the stage for interest rates to continue to decline as well, with rate cuts by the Fed anticipated as early as March. This is great news for the broader markets as well as for individual areas, several of which can benefit the most from this backdrop.

Daily Chart of S&P 500 Index ($SPX)

As for areas that will benefit most from a rising stock market amid a continued drop in interest rates, the Financial sector has several areas already seeing growth. Among them is brokerage firm Charles Schwab (SCWB), which recently reported that total client assets were up 12% year-over-year for the month of November. The increase comes as investor confidence in the markets expands and individuals put money to work.

Daily Chart of Charles Schwab Corp. (SCHW)

The stock gapped up into a base breakout on heavy volume following the news. Since then, SCHW has pulled back to its upward trending 10-day moving average, where its found support. With both the RSI and MACD in positive territory, the stock is poised to trade higher.

Asset management firms are also benefiting due to increased AUM amid a rise in portfolio values as the markets hit year-to-date highs. Blackrock (BLK), among the largest asset managers, is poised to break out of a flag formation following a 5-month base breakout which took place earlier this month. The company is moving closer to the approval of their new Bitcoin ETF, which has attracted positive attention to this 2.5%-yielder. A move above $820 on volume would be quite bullish for BLK.

Daily Chart of Blackrock (BLK)

Other financial stocks are on the move as well, such as bank stocks that continue to trend higher. Subscribers to my MEM Edge Report were alerted to the new uptrend in mid-November, when we added two Regional Banks to our suggested holdings list. Both stocks have pulled back to key support this week after posting double-digit returns, as they prepare for another leg higher. Use this link here to access these stocks, as well as other stocks poised to trade higher. Your 4-week trial to my twice weekly report returns also provides broader market insights not found elsewhere else, as well as detailed sector and stock selection ideas.

May you have a fantastic holiday weekend!

Warmly,

Mary Ellen McGonagle

MEM Investment Research

You Might Also Like
  • Severe Silver Cross Index Negative Divergence a Tip Off to Severe Decline?
  • Stocks Soar, Energy Prices Spike: Are Geopolitical Tensions to Blame?
  • Mastering Stock Market Turbulence: Essential Insights for Investors
  • The Biggest Mistake Traders Make!
Share
0
FacebookTwitterPinterestWhatsapp

previous post
The Top Five Charts of 2023
next post
MEM TV: Markets in Bullish Mode as We Head Toward Year-End

You may also like

Gold is Making Waves within a Long-Term Uptrend

January 31, 2024

Larry Williams on the Fed, Interest Rates & Markets! What’s...

May 27, 2025

Post Tech Earnings & FOMC — Give Retail Investors Credit

February 1, 2024

Nvidia Takes Over The Leadership

May 19, 2023

Only One Pocket of Strength Left in US Stock Market

June 7, 2024

Brace Yourself: The Debt Ceiling is Now on the Horizon

May 2, 2023

Stock Market Indexes Shatter Critical Support Levels. Watch the March...

October 27, 2023

The Best Five Sectors, #18

May 5, 2025

Here’s My Most-Likely Scenario for QQQ

September 13, 2024

The Titanic Syndrome Indicator Issues a WARNING!

February 21, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Top 10 Actionable Charts to Watch...

    March 8, 2024

    Five Ways You Should Use ChartLists...

    November 27, 2024

    Here’s How To Find The Best...

    January 19, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here