Market After The Open - Tuesday 30 January

Limited impact from JOLTs so far.

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Nothing Matters

Right now you cannot stop the bull. The only mistake to be made so far in 2024 has been to be stock-shy. January has been a month in which to verily Buy The Fedding Dip. That may change in an hour, a day, a week, but for now, up is the new up. Job openings came in ahead of expectations today at 10am Eastern; in 2022 that would have lead to plenty of selling as the read-across would have been, hot job market, labor rates up, inflation up, rates up. Today, more or less a nothingburger. The next pothole to navigate is FOMC tomorrow.

Want to understand the Fed better? Don't miss our webinar TUESDAY 30 JANUARY at 4PM EASTERN, where our own incarnation of NickiLeaks, Yimin Xu, will be educating us all. You can sign up right here - all welcome.

OK. Now onto our usual charts. Paying members of Inner Circle, scroll down for our long- and short-term take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000 - including the regular ETFs, the futures, the 3x leveraged ETFs and then finishing with a take on sector ETFs in semiconductor, tech, and the Fangs. Phew! Let’s go!

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Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.