EB Daily Market Report - January 3, 2025

Dear Members.

First, we're now just one day away from our "Event of the Year", Market Vision 2025, which is available for no cost to our Annual Members who will receive room instructions in the morning prior to the 10:00 am EST start. As a reminder, those of you who are currently monthly or trial members can still sign up for an annual membership which will get you a seat to the event at no additional cost. Just click here https://www.earningsbeats.com/public/Market-Vision-2025-Registration-EB.cfm to learn more.

We're at the end of the first week of the New Year and the bulls are finally seeing green with all of the major indexes nicely higher.

Just like the end of last year, tech stocks are showing the greatest strength while Blue Chips continue to lag. In fact, only the NASDAQ is currently above all key technical levels while the S&P is looking to close back above its 50 day and while the Dow remains below both its 20 and 50 day moving averages.

The VIX is also cooling, down almost 9%. as traders could be feeling the worst of the recent selling is over. 

By next week it will be back to business as usual as traders get back to analyzing key jobs and inflation data and with earnings season getting ready to kick into high gear over the next few weeks. So let's see how the market closes today and Tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins