Hold onto your hats, folks, because the market's on a wild ride! The Dow Jones Industrial Average is soaring, fueled by the continued enthusiasm surrounding Donald Trump's potential return to the White House. And Bitcoin? It's breaking records, hitting a staggering $80,092 on Sunday, thanks to Trump's pro-crypto stance.
It's a bull market bonanza, with Nvidia leading a pack of 5 hot stocks that are poised for a breakout. Cava, Shopify, MercadoLibre, Neurocrine Biosciences, Abercrombie & Fitch, PulteGroup, and Ares Management are all on the verge of hitting their buy points. Nvidia's stock price is already up over 1.5% this morning, helping to offset a dip in the Nasdaq Composite.
The S&P 500 and Nasdaq 100 are also riding the wave, with futures up 0.3% and 0.4% respectively. But keep in mind, the 10-year Treasury yield is inching higher, hinting at a potential interest rate hike from the Federal Reserve.
While the market's buzzing with excitement, remember that the Q3 S&P 500 EPS growth is projected to be 3.4%, the fifth consecutive quarter of growth, but the weakest in over a year.
So buckle up, because this market rollercoaster is just getting started!
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