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The market was insane today as stocks initially sold off but ended up green! Microsoft news tanked the market early on this this morning, but they came back out and denied the initial report! This brought in a recovery aided by jobs data that showed the jobs market was weakening. This is pushing the market more towards rate cuts at the December FOMC meeting. The recovery was fantastic, and $SPY actually broke out past recent highs and critical resistance. Keep watching for stocks to possibly attempt a breakout. December is historically a bullish month, and we have some more data to back that up as well. $SPY is not far from all-time highs either. A Santa Rally could be in the cards! Let's have a fantastic rest of the trading week! A lot is going on in the stock market right now, so make sure you are subscribed! We post new videos covering all of the major topics and plays for the next trading day. Let's keep crushing it in 2025 and beyond! Make sure notifications are turned on as well!
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