Dec 01, 2024: Prepare for Market Volatility as Mars Goes Retrograde

Here's a summary of the stock market performance for the week ending on November 29, 2024:

The S&P500 closed at 6032.38 on November 29, 2024, compared to 5969.34 on November 22, 2024, with an increase of 63.04 points, or 1.06%.
The Nasdaq closed at 19218.17 on November 29, 2024, up from 19003.65 on November 22, 2024, gaining 214.52 points, or 1.13%.
The Dow Jones increased from 44296.51 on November 22, 2024, to 44910.65 on November 29, 2024, rising by 614.14 points, or 1.39%.
The Nifty50 closed at 24131.10 on November 29, 2024, compared to 23907.25 on November 22, 2024, with an increase of 223.85 points, or 0.94%.

Overall, the stock markets showed positive performance across all these indices, with the Dow Jones Industrial outperforming other indices.

Last Week Market Analysis

Inflation Concerns: Stocks ended lower on Thanksgiving Eve as a jump in October inflation raised concerns that the Federal Reserve might take a cautious approach to future rate cuts. Tech stocks led the decline, with the Nasdaq falling by 0.6%.
Record Highs: Despite the inflation concerns, the Dow Jones and S&P 500 hit record closing highs earlier in the week. The Dow Jones gained 0.4% for the week, while the S&P 500 rose by 0.6%.
Semiconductor Stocks: Semiconductor stocks saw gains after reports that the Biden administration was considering additional barriers on the sale of semiconductor equipment to China. Nvidia and other chipmakers rallied more than 2%.
Market Performance: The Dow Jones recorded its best month of 2024 with a 7% gain, while the S&P 500 and Nasdaq also posted strong monthly performances, rising by 5.7% and 6.2%, respectively.

Saturn's Influence: Saturn went direct and will start moving forward to make the transit to the next sign by late March 2025. While Saturn is bearish, its bearish energies did not manifest so far in the last two weeks. However, it is most likely to happen before March 29, 2025, when Saturn enters Meena Rasi.
Mercury Retrograde: Mercury is retrograde for the entire week. People may make silly mistakes by forgetting things, which could cause significant moves in the stock market this week.
Mars Retrograde: Mars will be going retrograde on Friday, Dec 06, 2024. Its effects can be felt as soon as Monday or Tuesday this week. This is a clear bearish indicator.
Venus in Makara Rasi: Venus transit in Makara Rasi is generally considered positive for the market. However, Mars and Venus will be opposing each other, so the market could go either way.

The market is expected to be bearish for the first three days of this week.
There could be a significant recovery on Thursday, provided the first three days see a considerable drop.

It is suggested to avoid crypto trading as more delays in delivering Saturn's effects could result in a flash crash.