INSIGHTS
In this week’s Five Minute Market review, the Precedent team delves into the significant developments shaping recent market dynamics. With a focus on analyzing the numbers from last week and providing a comprehensive overview of the first two months of 2024, the discussion offers valuable insights for investors and observers alike.
NVIDIA’s Remarkable Performance:
The review highlights NVIDIA’s impressive performance following its reporting after last Wednesday’s market close. The company experienced a staggering 22% increase compared to the third quarter of 2023, marking a remarkable uptick of approximately 265% from the previous year. Particularly noteworthy was the Data Center revenue, which soared to 18 billion, reflecting a substantial 27% increase in the fourth quarter and an astounding 400% surge from the previous year. In terms of full-year revenue, NVIDIA achieved a significant milestone, reaching 61 billion, demonstrating a remarkable 126% growth from 2023.
Foreign Markets Reach All-Time Highs:
Another notable observation discussed in the review is the foreign markets’ attainment of all-time highs. This development has prompted a cautious “wait-and-see” approach, as analysts contemplate the implications of this upsurge for long-term investment opportunities. The review provides a nuanced analysis of the current trend and its potential ramifications.
Historical Parallels and Productivity Growth:
Drawing parallels between the current economic landscape and the “roaring 1920s,” the review explores narratives surrounding productivity growth. By examining historical precedents and their relevance to the second half of the twentieth century, the discussion offers valuable insights into potential future trajectories and market dynamics.
Two-Month Stock Market Recap for 2024
– S&P up 7.5% YTD
– NASDAQ up 8.7% YTD
– Foreign Equities – 3.9% YTD
– Bonds – down 1.4% YTD