The Bullish Breakdown: Tech Stocks Slide; Bitcoin Surpasses $100K; The Power of a YouTube Channel

1. Market Brief

Market Recap: The S&P 500 kept its positive momentum from November into December, with a slight gain to start the month. Tech stocks, especially those tied to AI, led the charge. Investors were optimistic about the possibility of the Fed cutting interest rates, bolstered by strong retail sales and a better-than-expected jobs report. The top-performing sectors included tech, communication services, and energy, while materials, consumer discretionary, and utilities lagged behind. Cryptocurrencies saw big gains, with Bitcoin topping $100,000 and altcoins also rising. Gold held steady after hitting an all-time high in October, while oil briefly surged before giving up those gains by the end of the week.

Trends and Key Themes: Tech stocks may be on a downward trend given Nvidia’s recent China probe. However, this is something not to be concerned about as the companies overall operations are not affected. Therefore, we should expect a rebound in the stock over the coming days and ultimately in the overall tech sector.

Upcoming Key Events: CPI Report (December 11)

2. Advanced Micro Devices, Inc. (AMD)

This weeks stock feature will be on AMD, a stock which has been offering great value at its current price and is often overlooked, now that all eyes are on Nvidia.

Research Analysis:

3. The Blockchain: Bitcoin Hits $100,000

For the first time ever, Bitcoin has surpassed $100,000 USD last week and has slightly fallen since to $96,248. Some say this is only the beginning, while others fear we are in a crypto bubble which is being fuelled by the Trump Administration. However, for now we must ride the wave and see if countries really adopt Bitcoin as an investment vehicle.

4. Bonus Bucks: Why don’t you start a YouTube Channel?

Are you in need of some extra cash? Have you ever considered starting a YouTube channel?

Over the years, many individuals have turned to YouTube to make a living and earn their paychecks through the platform’s monetization program. Depending on your area of expertise, you can earn anywhere from $1 to $20 or more per thousand views. As you slowly grow your channel, this can be enough to make you quit your job.

5. A Good Read: The Psychology of Money

The Psychology of Money is a collection of short stories exploring the strange ways people think about money. The author presents related biases, flaws, behaviors, and attitudes that affect one's financial outcomes and shows how one's psychology can work for and against them.