$SPY to $480 in Dec? And I called it $UBER in the S&P - 12-4-23 Market Update

Dec 4, 2023

37:41

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$HA is up 188% today because they are being bought. There might be more room to run. $SPY at $450 represents a solid upside if we get to all time highs.

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NOTES

the S&P 500 is only 4.2% away from new ATHs.

the previous 14 times it went at least a full year without a new high, then finally made one, a year later was higher 13 times and up nearly 15% on avg.

A great note from Tom Lee and fundstrat

FUNDSTRAT: “.. as we look towards markets into [year end], we see a ‘zig-zag’ but ultimately a rally towards S&P 500 4,750-4,800 .. We are ‘dip buyer’ in a December ‘zig-zag’ ..”

With less than 1 month to go here's how the largest 🇺🇸 listed stocks have performed so far in 2023

With less than 1 month left here's how each S&P 500 sector has performed so far this year

Great list of “best of breed stocks” in thematic sectors.

Josh brown newsletter - I really like it

A new Trendspider indicator that I think is incredibly helpful

Alaska airlines buying hawaiiin for $18/share - it’s not trading up to $18 because they perceive the administration not allowing it to go through so it could be extended or not allowed

$ALK $HA

Nuke names jump as 22 countries commit to triple nuclear energy capacity by 2050

$tsla in S&P on Dec 21 2021 - warning for Uber

Social request

$PFE

$VRT