Sign up to save your podcasts
Or
Share Ho Hum Holiday Trading | January 6th, 2025
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Ho Hum Holiday Trading | January 6th, 2025
Last week, ended 2024 on a cautious note, as economic uncertainty surrounding the new administration and hawkish monetary policy dampened sentiment. December ended a stellar year for stocks with a modest pullback, but the S&P 500 still gained +23.31% in 2024, marking consecutive 20%+ annual returns for the first time since 1998. The first trading week of 2025 saw the S&P 500 and Nasdaq Composite slip -0.5%, while Small Caps outperformed, with the Russell 2000 up 1.1%. Bonds remained steady, with the 10-year Treasury yield at a 15-year high of 4.6%.
On the sports front, Chicago fans celebrated the Bears' season-ending win over the Packers and a strong week for the Bulls.
This week, markets face a shortened trading schedule, closing Thursday to honor former President Jimmy Carter. Key focus areas include Friday's December U.S. jobs report, projecting 150K nonfarm payroll growth, and the release of Fed meeting minutes on Wednesday. Additional economic data, including durable goods orders and services PMI, will shape expectations amid ongoing Fed rate cut deliberations.
The information provided in this commentary is not an offer to sell or the solicitation of an offer to purchase any security, product, or brokerage service. The information is not intended to be used as the basis for investment decisions, nor should the information be construed as advice designed to meet the particular needs of any investor. This commentary is presented to illustrate examples of the securities that North Star Investment Management Corporation and/or its affiliates ("North Star") may have bought for client accounts and the diversity of markets in which North Star Investments may invest, and may not be representative of current or future investments. You should not assume that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this commentary will be profitable or will be equal to any corresponding performance levels that might be indicated. Past performance is no guarantee of future results. Investments in securities involve risks including the possible loss of the principal invested. North Star and others associated with it, including employees, may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary. North Star may buy, sell or hold these securities in proprietary or client accounts. North Star will not be providing regular updates or advising you of any changes in the views expressed herein. Investors should consider their investment objectives, risk tolerance, and financial situation and needs before investing in any security. Tax considerations, commissions, fees and other costs should be carefully evaluated with one's investment and/or tax advisors. Information provided is obtained from sources deemed to be reliable, but North Star cannot guarantee the accuracy or completeness of the information. This material may not be reproduced, distributed or transmitted to any other person in whole or in part without the prior written consent of North Star. A copy of North Star Investment Management Corporation's Form ADV Brochure, Privacy Notice and Business Continuity Plan summary can be obtained by calling 312-580-0900.
View all episodes
By North Star Investment Management Corp
5
11 ratings
Last week, ended 2024 on a cautious note, as economic uncertainty surrounding the new administration and hawkish monetary policy dampened sentiment. December ended a stellar year for stocks with a modest pullback, but the S&P 500 still gained +23.31% in 2024, marking consecutive 20%+ annual returns for the first time since 1998. The first trading week of 2025 saw the S&P 500 and Nasdaq Composite slip -0.5%, while Small Caps outperformed, with the Russell 2000 up 1.1%. Bonds remained steady, with the 10-year Treasury yield at a 15-year high of 4.6%.
On the sports front, Chicago fans celebrated the Bears' season-ending win over the Packers and a strong week for the Bulls.
This week, markets face a shortened trading schedule, closing Thursday to honor former President Jimmy Carter. Key focus areas include Friday's December U.S. jobs report, projecting 150K nonfarm payroll growth, and the release of Fed meeting minutes on Wednesday. Additional economic data, including durable goods orders and services PMI, will shape expectations amid ongoing Fed rate cut deliberations.
The information provided in this commentary is not an offer to sell or the solicitation of an offer to purchase any security, product, or brokerage service. The information is not intended to be used as the basis for investment decisions, nor should the information be construed as advice designed to meet the particular needs of any investor. This commentary is presented to illustrate examples of the securities that North Star Investment Management Corporation and/or its affiliates ("North Star") may have bought for client accounts and the diversity of markets in which North Star Investments may invest, and may not be representative of current or future investments. You should not assume that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this commentary will be profitable or will be equal to any corresponding performance levels that might be indicated. Past performance is no guarantee of future results. Investments in securities involve risks including the possible loss of the principal invested. North Star and others associated with it, including employees, may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary. North Star may buy, sell or hold these securities in proprietary or client accounts. North Star will not be providing regular updates or advising you of any changes in the views expressed herein. Investors should consider their investment objectives, risk tolerance, and financial situation and needs before investing in any security. Tax considerations, commissions, fees and other costs should be carefully evaluated with one's investment and/or tax advisors. Information provided is obtained from sources deemed to be reliable, but North Star cannot guarantee the accuracy or completeness of the information. This material may not be reproduced, distributed or transmitted to any other person in whole or in part without the prior written consent of North Star. A copy of North Star Investment Management Corporation's Form ADV Brochure, Privacy Notice and Business Continuity Plan summary can be obtained by calling 312-580-0900.