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Good morning!
Well, the elections are over, and the markets did more than just survive--stocks are building on record highs as the Trump rally gathers steam, with the S&P 500 notching its 50th record high of the year and topping the 6,000-point mark for the first time. Here's what's happening...
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call a Miramontes Capital advisor today! | | |
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Almost 2,000 companies report earnings this week, and what the week lacks in big-name tech, it more than make up for in quantity, including some key consumer product and services names. Reporting this morning are Home Depot, Shopify, Spotify, Suncor Energy, and Occidental Petroleum, followed Wednesday by Cisco Systems. On Thursday, expect numbers from Walt Disney Company, Applied Materials, Brookfield Corporation, JD.com, and Sony, followed Friday by Chinese retail giant Alibaba. *
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Tesla is enjoying a remarkable post-election rally, as its stock surged to its highest point in over two and a half years Monday, surpassing the $350 mark for the first time since April 2022. The milestone extends its six-month gain to approximately 103%. Analysts predict that Donald Trump’s election to a second term in the White House could benefit Tesla given the close relationship between Trump and Tesla CEO Elon Musk that developed during the campaign. And at least one analyst expects the company's A.I. business will be a principal beneficiary of a new Trump administration and drive its market value to as high as $2 trillion over the next 18 months. **
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This week, all eyes are on crucial inflation data, with the CPI (Consumer Price Index) set for release on Wednesday and the PPI (Producer Price Index) on Thursday. Economists predict the CPI will increase at an annual rate of 2.6%, a slight uptick from September, while core inflation is expected to remain steady at 3.3%. Persistent inflation could complicate the Federal Reserve’s recent interest rate cuts, and stronger-than-expected figures might prompt caution regarding future cuts. Conversely, lower-than-expected CPI or PPI results could fuel the “Trump rally” by alleviating inflation concerns and bolstering the case for ongoing monetary easing. ***
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The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week... | |
Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
