If you’re still questioning whether the U.S. stock market will stay above 5,000 points, you’re behind the curve. Wall Street pros are eyeing 6,000 points. Analysts like those at Barclays and Ed Yardeni say it’s only a matter of two years. Even Tom Lee’s playing it safe. Bitcoin’s stealing the spotlight. Last week, cryptocurrency cash flows surged to a cool $2.4 billion, doubling up from the week before, as investors stampeded into exchange-traded funds (ETFs) by a whopping $6.21 Billion nudging Bitcoin prices ever closer to their record high of $69,000. while The U.S. stock market hasn’t pulled back since October, already up 25% by February 2024. Is it too fast? Bubble, anyone?
According to Ray Dalio, the founder of Bridgewater, the US stock market doesn’t appear very bubbly, but he views the “Magnificent 7” stocks as “a bit frothy” compared to the overall market. We created a short video (中文视频: https://youtu.be/nfiZiDB1-8E?
In February, our long-term investment portfolio delivered robust returns, boasting an impressive 18.98% gain. This adds to a cumulative increase of 126.42% since May 2020. Simultaneously, our dynamic investment portfolio saw a solid uptick of 17.4%, contributing to an overall return of 66.14% since May 2020 As anticipated last year, our structured note portfolio, comprising both growth and income investment, exhibited remarkable progress as we exited certain investments. This improvement was fueled by positive trends observed in November. Looking ahead, we expect our structured note portfolio to continue thriving in line with the bullish market trajectory.
The S&P 500 and Nasdaq capped off the month with record-breaking highs. According to research by Deutsche Bank, the S&P 500 has achieved gains in 16 of the past 18 weeks, marking a milestone unseen since 1971. Additionally, the upward trend is widening as the Russell 2000 makes strides to break free from nearly two years of consolidation. However, caution is warranted as the current uptrend has reached technically overbought levels. This raises the possibility of an unexpected market pullback to alleviate the heat, particularly as the lineup of standout stocks, once known as the Magnificent 7, has now slimmed down to just three: NVDA, META, and AMZN. Notably, APPL, GOOGL, and TSLA have experienced declines, while Bitcoin is challenging its all-time high at $68,789. A cooldown is necessary to sustain the bullish momentum.