Looking into all the market shifts over the last few weeks. The Fed begins to pivot to rate cuts for 2024, signaling 3 or more cuts in the new year. 75 basis points of cuts are expected bringing the target rate down to 4.5%-4.75% by end of year.
- Retail sales increased .3% month over month in November against expectations of -.1%
- Initial jobless claims of 202k vs. expectations of 220k
- Growth stocks lead the rally in the market with many names up double digits on the week!
- Costco $COST sold over $100M of gold bars this year
- AAPL reaches new all time highs
- AVGO Broadcom rockets higher with growth coming in strong from VMWare and price target increases from BofA
