Monday Morning Must-Knows - December 2, 2024

Monday Morning Must-Knows by Trading Academy

December 2, 2024

Will Bitcoin Break $100K This Week?

Get ready for a December to remember! The Santa Claus rally might be on the horizon, but let’s focus on this week's market action. Last week saw high volatility, with the S&P 500 closing at all-time highs.

This week is relatively quiet, but a few key events stand out. Earnings highlights include Salesforce, Marvel Technologies, and Lululemon, alongside Canadian bank reports. 

More critical, however, are economic indicators: the JOLTS report, ADP employment change, unemployment claims, and Friday’s unemployment rate and non-farm payrolls data. These numbers will shape market sentiment and influence the Fed’s decision at the December 18 meeting, where there’s currently a 66% chance of a 25-basis-point rate cut.

Cryptocurrency remains in focus, with Bitcoin hovering around the $100,000 milestone. If it breaks through, expect high volatility and uncharted territory. For more insights, join our free cryptocurrency program.

Stay tuned for market moves and key updates this week!

As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!