S&P 500 fell in 3 out of the last 4 weeks. Weekly market recap, trading week 01/2025
Summary of the trading week using the most popular posts from the X platform
In this series, you can find financial markets posts with the highest number of interactions from my X platform feed over the most recent week. I am aware that not everybody uses X regularly so I thought it could provide some value to your analysis, and investment process. These posts are also surrounded by commentary and explanations of complicated topics.
The S&P 500 snapped the streak of 4 consecutive days of declines and finished green on Friday. The index remains at key technical levels and the subsequent economic data from the US should show a further direction for the market. Next week will be extremely interesting.
1) Weekly performance. In the first screenshot attached, you can see last week’s performance of the major US indexes, the VIX volatility index, gold, and Bitcoin.
- S&P 500 decreased 0.5%
- Nasdaq index dropped 0.5%
- Dow Jones was down 0.6%
- Russell 2000 (small caps) jumped 0.9%
- VIX rose by 12%
- WTI Crude Oil jumped 3.6%
- Silver increased 0.3%
- Gold jumped 1.3%
- Bitcoin increased by 2.9%
For the trading week ending January 10, key events are:
- US S&P Global Services PMI for December on Monday
- US ISM Services PMI for December on Tuesday
- US JOLTS Job Openings for November on Tuesday
- US ADP Nonfarm Employment for December on Wednesday
- FOMC Minutes on Wednesday
- US Jobs report for December on Friday
- US Michigan Consumer Sentiment on Friday
- ~8 Fed speakers
Massive week ahead with the US job market data in focus.
2) Chinese stocks recorded the worst start to a year in 10 years.