Schaeffer's Top Stock Picks for '25

Stocks Bounce Back, Still Log Weekly Losses

The VIX finished the week below 20

Managing Editor
Dec 20, 2024 at 4:26 PM
facebook X logo linkedin


Stocks finished the rough week on a high note, thanks to reassuring inflation data that took some sting out of the Fed's hawkish mid-week rhetoric. The Dow added nearly 500 points today, with Nvidia (NVDA) and bank stocks leading the rally. The S&P 500 and Nasdaq also pared some of the damage, though all three major indexes still finished with weekly losses. As a low volume, holiday-shortened week approaches, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), closed back below 20 after a two-day spike. 

Continue reading for more on today's market, including:

  • Pharma stock plunges on lackluster drug trial results.
  • Which software stock entered bullish seasonality. 
  • Plus, Buffett builds OXY; FedEx spins off; and more on the Dow's historic drop.

closing summary dec20

nyes nasdaq dec20

5 Things to Know Today 

  1. Bitcoin (BTC) quietly slipped below $100,000 for the week. (CNBC)
  2. This natural gas exporter's initial public offering (IPO) could be huge. (Bloomberg)
  3. Warren Buffett doubles down on petroleum stock.
  4. FDX pops on spinoff news.
  5. Behind the Dow's historic week in the red.

Earnings Dec20

UVOL Dec20

Weekly Losses for Commodities Amid Fed Fatigue

Oil prices were quiet today and logged a loss for the week. February-dated West Texas Intermediate (WTI) crude added eight cents, or 0.1%, to settle $69.46 per barrel. For the week, black gold shed 1.9%. 

The encouraging inflation data sent the U.S. dollar lower and gold higher. For the session, gold for December delivery added 1.6% to settle at $2,647.90 an ounce. For the week, the safe-haven asset lost 1%, as Fed fatigue heads into 2025. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?