Author: Let’s Talk Money! with Joseph Hogue, CFA
Source
Live stock market news and what to watch for the week of January 4th, 2022! I’ll give you a complete stock market update on all the trends and then reveal what to watch for this week including what’s happening in the stock market today. Be sure to join the community for these weekly stock market live updates so you don’t miss a livestream!
We’ll start with the stock market news and trends from last week and how 2022 could be a pivotal year for investors. The stock market was up to record highs last year but that doesn’t mean you can’t make money this year.
Then I’ll reveal the stock market trends and news I’m watching this week along with which stocks I’m watching. Check out the investor presentation for GoldMining Inc https://www.goldmining.com/investors/presentations/
TSX: GOLD I NYSE: GLDG
The S&P 500 and Dow enjoyed their Santa Claus rally with both finding new all-time highs during the week. Weakness in tech stocks held the Nasdaq back but it’s still up 22% for the year, so I’m not complaining. It will be interesting to see if the growth stocks can keep their new momentum and what kind of stock market news will drive these in January.
Ten of the 11 stock sectors closed higher last week with broad selling in internet and telecom stocks holding back the Communication Services group. It was interesting that, although market sentiment and direction was positive, it was the safety stocks in Utilities, Consumer Staples and Real Estate that outperformed.
A lot of the stock market direction this year depends on the Fed, making Wednesday’s release of the minutes from the most recent meeting all the more important. With stocks fully pricing in three rate hikes this year, we could see a positive surprise on any stock market news that points to a slower taper or only two rate hikes, either of which would support stocks higher.
The monthly jobs report will be the next most important point to watch with the market expecting 405,000 jobs were added in December. The unemployment rate is expected to fall to 4.1% and is getting close to some measures of full employment. It’s unlikely people rushed back into new jobs ahead of the holiday and just as omicron was creating more fear for a return to work.
Oil prices could see a volatile week with OPEC meeting on Tuesday. The oil cartel is expected to maintain its policy of slowly allowing for more crude production but I suspect will see some members (especially the Saudis) push back on the fear that omicron will limit demand. Daily COVID cases hit an all-time-high of 1.6 million Friday with records broken last week in the U.S., France, U.K. and Italy. It could be supportive of prices higher and energy stocks will be worth watching this week.
The Santa Rally generally extends into the first trading days of the year as institutional investors position for their year’s picks. Often that benefits the hardest hit stocks of the prior year so be watching some of the growth stocks that were dumped last year.
This video was conducted on behalf of Uranium Energy Corp, and was funded by Gold Standard Media LLC. All research, recommendations and opinion is that of the creator and no content was written or provided to the channel from the company. Sponsorships like these help me provide free research into this and other companies for investors. https://www.goldmining.com/
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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