2024 recap: Who really moved the markets?🤔
As we close the chapter on 2024, let's revisit the critical incidents that not only shook the markets but also inspired vibrant dialogues among us. This year was rich with tech innovation, economic twists, and strategic shifts. Join us as we explore the highlights and the key players who shaped the financial landscape.
Ready to start our recap? Let’s Go!!! ᯓ🏃♀️➡️🏃♂️➡️
Top 1. Nvidia takes the crown in AI surge
The AI revolution has dominated 2024, with $NVIDIA (NVDA.US)$ leading the charge. After a 10-for-1 stock split announced on May 22, its shares surged 9.32% the very next day. By June 19, $NVIDIA (NVDA.US)$ had briefly overtaken $Microsoft (MSFT.US)$ and $Apple (AAPL.US)$ in market valuation, peaking at an astounding $3.74 trillion on November 21. Nvidia's impressive 205% increase in stock value over the year was largely driven by its strong presence in AI and data centers.![]()
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Amid the AI frenzy, NVIDIA's stock has surged dramatically. Are there still opportunities to invest? Are there any hidden potential stocks within the industry? 🤔
👉 How to Access? It's simple! Click Market> US> Industrial Chain and begin your exploration!
Top 2. US election triggers market swings
The 2024 US election had a profound impact on the financial markets, marked by significant volatility. $Trump Media & Technology (DJT.US)$ soared 59% on its Nasdaq debut on March 26. The political tension escalated with an assassination attempt on Trump on July 13, leading to a 30% spike in $Trump Media & Technology (DJT.US)$ by July 15. Following Trump's election win on November 6, markets faced heightened volatility, with stocks like $Trump Media & Technology (DJT.US)$ and $Phunware (PHUN.US)$ reacting strongly to election outcomes.![]()
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Top 3. Bitcoin sets a new record
2024 marked a pivotal year for Bitcoin, beginning with the SEC's approval of 11 spot Bitcoin ETFs on January 11, which attracted major investors like BlackRock and Fidelity Investments. This led to a surge in Bitcoin's value, starting the year around $43,000. ![]()
The supply-constraining Bitcoin halving in April further pushed prices up. By December 4, Bitcoin hit a new all-time high of over $100,000. The US election on November 6 also contributed to Bitcoin's ascent, as political uncertainties underscored Bitcoin's appeal as a stable, decentralized asset amid market volatility.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Well~~ As Bitcoin reaches unprecedented heights, are you curious about which stocks are riding this wave? 🤔
🔍 How to Access? Easy! Navigate to Market> U.S. Stocks> Investment Themes. Start your investment adventure now!
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Top 4. Fed's strategic rate cuts
In response to slowing economic growth and stable inflation, the Federal Reserve cut the benchmark rate by 50 bp on September 18, followed by a 25 bp reduction on November 7, with another anticipated in December. These first cuts since March 2020 aim to stimulate economic activity by lowering borrowing costs. The market is closely watching future Fed actions and their economic impact.
Mooers' takeaways:
"The upcoming Federal Open Market Committee (FOMC) meeting on September 18 is capturing global attention. This decision carries significant implications for the economy and financial markets. In this comprehensive analysis, I will predict the likely outcome, explore potential market reactions, and share investment picks poised to perform well during a rate cut cycle." View More>>
"Why a Fed Rate Cut May Do Little for the Magnificent 7? Historically, interest rates have had a larger impact on growing technology stocks because most of their value comes from profit streams further in the future. With every rate hike, those future earnings become worth less in today's dollars, and with every rate cut, those future earnings become worth more." View More>>
Top 5. Musk's ventures navigate the turbulent year
Elon Musk's companies, particularly $Tesla (TSLA.US)$, faced early setbacks in 2024 with sales declines and increased competition, causing a dip in stock prices. However, it rebounded with strong Q2 results and the launch of the Robotaxi service, boosting investor confidence. ![]()
Musk's endorsement of Trump, who won the US election, further propelled $Tesla (TSLA.US)$ back into the "trillion-dollar club" and its stock price surpassed the historical high. SpaceX also saw enhanced market presence with successful missions, and its related stock, $Destiny Tech100 (DXYZ.US)$, surged 331.41% in just four days.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Top 6. "Roaring Kitty" sparks meme stock surge
The comeback of "Roaring Kitty" triggered a significant rally in meme stocks, echoing the 2021 excitement. In May, $GameStop (GME.US)$ skyrocketed by 109.79%, and $AMC Entertainment (AMC.US)$ climbed by 48.29%. The peak of this frenzy occurred when $Faraday Future Intelligent Electric Inc. (FFIE.US)$ jumped by 367.54% on May 14, stunning the market. This revival was driven by retail investors uniting on social media to push trading volumes to new heights.![]()
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Looking ahead, what do you believe will be the key drivers in the 2025 markets? Drop your insights in the comments below. The dialogue helps us all grow! 🎤🎤
*All mooers who vote and comment will be rewarded with 20 points. Don't miss out!
The past year's market fluctuations have prepared us well for future investments. As we approach the new year, let's leverage these experiences to navigate the markets with confidence and strategic acumen. 🏄♂️🏄♂️
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102362254 : Shifts in global politics n trade policies will play a key role in driving market stability n growth in 2025
Lucas Cheah : I believe that the key drivers in the 2025 markets will be U.S. fiscal policy, AI innovation, and interest rate trends. With Donald Trump taking office, I expect pro-business policies and potential tax cuts to fuel bullish sentiment, especially in sectors like energy, defense, and financials. AI advancements will continue to reshape industries, driving demand for companies leading in automation and machine learning. Lastly, if the Fed maintains a rate-cutting stance, it could rally growth stocks and boost overall market liquidity.
NiceOne : Elon Musk ... can't go wrong with serial winner chicken dinner!
HelloMooMoo : Warren Buffett sell off!
Healos99 : definitely one of the key things to look out for will be trump's policies and leadership when he takes office in january alongside worldwide tensions whether they ease or escalate
JoyRicky : Bull market.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
LSsoon : Tesla is too strong.
mr_cashcow : Both Nvidia AI & Tesla bull runs have helped me make some moolah![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Seah Jun Jie : I believe AI and crypto will continue to drive the market's movement
104088143 : nice
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