{"id":62587,"date":"2024-12-12T02:00:05","date_gmt":"2024-12-12T07:00:05","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=62587"},"modified":"2024-12-12T10:02:00","modified_gmt":"2024-12-12T15:02:00","slug":"market-trends-december-12","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/","title":{"rendered":"New Chapter in AI Boom Revives Megacaps"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/BeZxMrjy9iq7\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 12\/16.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the S&amp;P 500<\/h2>\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 approaches 6,100 after holding last week&#8217;s low<\/li>\n<li>RSI near overbought is potentially consistent with uptrends<\/li>\n<li>Breadth narrows sharply as megacaps reclaim leadership<\/li>\n<li>S&amp;P 500 potentially headed for back-to-back +20% years for 1st time since 1997-1998.<\/li>\n<li>VIX remaining under 15<\/li>\n<\/ul>\n<div id=\"attachment_62614\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-62614\" class=\"wp-image-62614 size-large\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-1024x494.jpg\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-1024x494.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-300x145.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-768x370.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-1536x741.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211-1080x521.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20241211.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-62614\" class=\"wp-caption-text\"><em>SDPR S&amp;P 500 (ETF), daily chart, with select indicators and patterns.<\/em><\/p><\/div>\n<h2>Megacap AI News<\/h2>\n<ul>\n<li>Gene Munster: GM&#8217;s exit from Robotaxis boosts TSLA\/GOOGL, hurts UBER\/LYFT<\/li>\n<li>Wedbush: &#8220;Christmas came early for the tech world&#8221; with Lina Khan exiting FTC<\/li>\n<li>The Information: AAPL &amp; AVGO developing AI server chips<\/li>\n<li>Apple Intelligence adds ChatGPT to Siri in latest iOS update<\/li>\n<li>GOOGL jumps on fewer regulatory fears, Willow quantum chip<\/li>\n<li>RDDT emerges as AI player with licensed content for model training<\/li>\n<li>AMZN bolsters AI with new products, partnerships<\/li>\n<li>CRM jumps on Agentforce traction<\/li>\n<\/ul>\n<h2>Other Points<\/h2>\n<ul>\n<li>November CPI inline. Owners&#8217; equivalent rent and rent climbs at slowest pace since April 2021.<\/li>\n<li>Gold jumps as PBoC buys 5 tons of bullion<\/li>\n<li>Barclays goes negative on housing amid incentives<\/li>\n<li>Greenhaus of Solus, Stoltfus of Oppenheimer, Harvey of Wells Fargo see SPX above 7,000 next year<\/li>\n<li>Jefferies targets 2715 (+13%) on Russell 2000 in 2025<\/li>\n<li>Post-election confidence bump:\n<ul>\n<li>NFIB: Small business sentiment highest in 3-1\/2 years<\/li>\n<li>NY Fed: Consumers expect higher inflation but also higher earnings<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul class=\"wp-block-list\">\n<li>Earnings this afternoon: AVGO COST<\/li>\n<li>Tuesday 12\/17: Retail sales<\/li>\n<li>Wednesday 12\/18: Housing starts\/building permits, <em><strong>**FOMC**<\/strong> + Dot plot<\/em>\n<ul class=\"wp-block-list\">\n<li>Earnings: MU<\/li>\n<\/ul>\n<\/li>\n<li>Thursday 12\/19: PCE, jobless claims<\/li>\n<\/ul>\n<div class=\"et_pb_section et_pb_section_4_tb_body article-content et_section_regular\">\n<div class=\"et_pb_row et_pb_row_4_tb_body\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_9_tb_body et_pb_css_mix_blend_mode_passthrough et-last-child\">\n<div class=\"et_pb_module et_pb_post_content et_pb_post_content_0_tb_body\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<p><strong>Standardized Performances for ETF mentioned above<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td><strong>ETF<\/strong><\/td>\n<td><strong>1 Year<\/strong><\/td>\n<td><strong>5 Years<\/strong><\/td>\n<td><strong>10 Years<\/strong><\/td>\n<\/tr>\n<tr>\n<td>SPDR S&amp;P 500 ETF (SPY)<\/td>\n<td>+32.02%<\/td>\n<td>+91.71%<\/td>\n<td>+190.81%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption class=\"wp-element-caption\"><em>As of November 29, 2024. Based on TradeStation Data<\/em>.<\/figcaption><\/figure>\n<p><em>Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision.\u00a0<\/em><\/p>\n<p><em>Exchange Traded Funds (\u201cETFs\u201d) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses.\u00a0<a href=\"https:\/\/www.tradestation.com\/insights\/etf-disclosures\/\">Click here<\/a> to find the prospectus.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 12\/16. Sizing Up the S&amp;P 500 S&amp;P 500 approaches 6,100 after holding last week&#8217;s low RSI near overbought is potentially consistent with uptrends Breadth narrows sharply as megacaps reclaim leadership S&amp;P 500 potentially headed for back-to-back +20% [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":62622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-62587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Chapter in AI Boom Revives Megacaps | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Chapter in AI Boom Revives Megacaps | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 12\/16. Sizing Up the S&amp;P 500 S&amp;P 500 approaches 6,100 after holding last week&#8217;s low RSI near overbought is potentially consistent with uptrends Breadth narrows sharply as megacaps reclaim leadership S&amp;P 500 potentially headed for back-to-back +20% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T07:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T15:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/\",\"name\":\"New Chapter in AI Boom Revives Megacaps | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg\",\"datePublished\":\"2024-12-12T07:00:05+00:00\",\"dateModified\":\"2024-12-12T15:02:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg\",\"width\":1080,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Chapter in AI Boom Revives Megacaps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.\",\"url\":\"https:\/\/www.tradestation.com\/insights\/author\/drussell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Chapter in AI Boom Revives Megacaps | Market Insights","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/","og_locale":"en_US","og_type":"article","og_title":"New Chapter in AI Boom Revives Megacaps | Market Insights","og_description":"Downloads are available\u00a0here.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 12\/16. Sizing Up the S&amp;P 500 S&amp;P 500 approaches 6,100 after holding last week&#8217;s low RSI near overbought is potentially consistent with uptrends Breadth narrows sharply as megacaps reclaim leadership S&amp;P 500 potentially headed for back-to-back +20% [&hellip;]","og_url":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/","og_site_name":"Market Insights","article_publisher":"https:\/\/www.facebook.com\/TradeStation\/","article_published_time":"2024-12-12T07:00:05+00:00","article_modified_time":"2024-12-12T15:02:00+00:00","og_image":[{"width":1080,"height":675,"url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg","type":"image\/jpeg"}],"author":"David Russell","twitter_card":"summary_large_image","twitter_creator":"@TradeStation","twitter_site":"@TradeStation","twitter_misc":{"Written by":"David Russell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/","url":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/","name":"New Chapter in AI Boom Revives Megacaps | Market Insights","isPartOf":{"@id":"https:\/\/www.tradestation.com\/insights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage"},"image":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg","datePublished":"2024-12-12T07:00:05+00:00","dateModified":"2024-12-12T15:02:00+00:00","author":{"@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4"},"breadcrumb":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#primaryimage","url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg","contentUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-MI-Market-Trends-1080x675-1.jpg","width":1080,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/www.tradestation.com\/insights\/2024\/12\/12\/market-trends-december-12\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tradestation.com\/insights\/"},{"@type":"ListItem","position":2,"name":"New Chapter in AI Boom Revives Megacaps"}]},{"@type":"WebSite","@id":"https:\/\/www.tradestation.com\/insights\/#website","url":"https:\/\/www.tradestation.com\/insights\/","name":"Market Insights","description":"Fresh market commentary and actionable trade ideas.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4","name":"David Russell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","caption":"David Russell"},"description":"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.","url":"https:\/\/www.tradestation.com\/insights\/author\/drussell\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/62587"}],"collection":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/comments?post=62587"}],"version-history":[{"count":12,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/62587\/revisions"}],"predecessor-version":[{"id":62620,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/62587\/revisions\/62620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media\/62622"}],"wp:attachment":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media?parent=62587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/categories?post=62587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/tags?post=62587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}