Tech Soars to Uncharted Heights

Hello, my friends!

Today was a monumental day for technology stocks as Nasdaq blasted into all-time high territory - or as some might call it, uncharted no man's land!

The much-anticipated inflation data dropped, and it was music to investors' ears, reinforcing the expectation that the Federal Reserve will slash interest rates. Now, the ball is in your court, Jerome Powell!

  • The consumer price index rose 0.3% in November for the fourth consecutive month.

  • Swaps traders expect a quarter-point interest rate cut at the December policy meeting, while bets on more than three cuts over the next year remain a key question.

  • Treasury yields resumed their climb in the afternoon session, with the benchmark 10-year rising to 4.27%.

  • The dollar rose following reports that Chinese leaders are considering allowing their currency to weaken as they prepare for higher tariffs under a second Donald Trump presidency.

Today's Impulse Clearly, Nasdaq leading the charge, guiding tech stocks towards the promised land with the allure of cheaper capital.

The Fear and Greed Index has swung back to neutral, signaling to many that this bull market has the legs to keep running.

Get ready for an exhilarating ride as we navigate these exciting times in the tech sector!

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Impulse of the Day: QQQ (Nasdaq) +1.75% 🗽

  • Nasdaq Soars 33% in 2024, Driven by Tech Giants Apple, Nvidia, Alphabet, and Tesla

  • U.S. Inflation Report Fuels Nasdaq Surge, Anticipating Fed Rate Cut

  • Nasdaq Closes at Record High of 20,034.89 After 1.8% Daily Gain

  • Concerns Rise Over High Valuations and Megacap Stock Dominance in Nasdaq

  • Nvidia's Stock Up Over 1,100% Since 2022 Low, Leading AI Investment Charge

  • Nasdaq Valuation at 36 Times Earnings, High but Not Dot-Com Levels

  • Top 10 Companies Now Represent 59% of Nasdaq, Up from 45% in 2020

  • Nasdaq Outperforms S&P 500 and Dow in 2024, Up 33% vs 27% and 17%

  • 530 (0DTE Highest Level of Call Gamma)

  • 521 (0DTE Positive/Negative Shift)

  • 531 (1 Day max - Extreme Range)

0DTE Levels are key zones of significant options volume that can drive increased volatility as expiration nears, recalculated daily based on gamma expiration, trading volume, and market volatility.

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Until next time,
Steve B
Founder, The Daily Impulse

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