Wall Street Strategies
Hello! Sign in or Register

Morning Commentary


By Charles Payne, CEO & Principal Analyst
12/4/2023 9:33 AM

Last Friday was a solid finish to the week, and it happened without the Magnificent Seven.

A green circle with white textDescription automatically generated

S&P 500 Map

The market breadth was also fantastic last week.

A screenshot of a graphDescription automatically generated

Friday’s biggest gainers were mainly severely oversold stocks. The percentage gains are very enticing, which creates a dilemma because the majority lack evidence of any fundamental improvements to warrant big rallies.

A screenshot of a computerDescription automatically generated

Today’s session

It is going to be a nasty start to the session, which isn't unusual for a week that will end with the jobs report.

On that note, the big jobs news this morning is Spotify (SPOT) is cutting 1500 workers or 17% in its third round of layoffs this year. 




Log In To Add Your Comment

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.