For the week, all three major averages notched their fifth straight winning week and 14th positive week in a row.
The S&P 500 has just closed above the 5,000 level for the first time in history. This marks a significant milestone and is being attributed to the rise of megacaps and chip stocks.
The S&P 500 has just closed above the 5,000 level for the first time in history. This marks a significant milestone and is being attributed to the rise of megacaps and chip stocks, including Nvidia. The Nasdaq Composite also finished strong with gains of over 1% while the Dow Jones Industrial Average slipped slightly.
For the week, all three major averages notched their fifth straight winning week and 14th positive week in a row. This is being seen as a sign that investors are becoming more optimistic about the future of the market. Alternative investments could also pick back up in 2024 according to JPMorgan.
The S&P has risen by over $1,578 since August 28, 2020 and is currently trading at a price of $5,393. This represents an increase of over 1% for the week ending Friday's close.
The S&P has risen by over $47 billion since August 28, 2020 and is currently trading at a price of $5,393. This represents an increase of over 1% for the week ending Friday's close.
The S&P has risen by over $47 billion since August 8, 2021 and is currently trading at a price of $5,393. This represents an increase of over 1% for the week ending Friday's close.
The S&P 500 rose to end at 5,026.61 and finish above 5,000 for the first time ever.
Megacaps and chip stocks, including Nvidia, boosted the S&P 500.
Accuracy
The Dow Jones Industrial Average slipped by -54.64 points or -0.14% to settle at 38,671.69.
Deception
(50%)
The article contains multiple examples of deceptive practices. Firstly, the author uses sensationalism by stating that the S&P 500 has closed above 5,000 for the first time ever and notches its fifth straight winning week. This statement is misleading as it implies that this is a significant milestone when in fact it's just another day in the market. Secondly, there are multiple instances of selective reporting where only positive aspects of alternative investments are mentioned while ignoring any negative ones. For example, JPMorgan analyst Nikolaos Panigirtzoglou states that alternatives underperformed public markets significantly last year but does not mention anything about their potential risks or drawbacks. Lastly, the author uses emotional manipulation by stating that reaching 5,000 is a positive signal for stocks and implies that it's a good time to invest in them.
The S&P 500 has closed above 5,000 for the first time ever.
Fallacies
(85%)
The article contains several fallacies. The first is an appeal to authority when it states that JPMorgan says alternative investments may pick back up in 2024. This statement implies that the bank's opinion should be taken as fact without any evidence or reasoning provided. Additionally, there are two instances of inflammatory rhetoric: 'The tide may be turning for alternative investments' and 'Historically speaking, the S&P 500 has been higher one year after crossing a major threshold'. These statements use emotional language to persuade readers without providing any evidence or reasoning. Finally, there is an example of a dichotomous depiction when it states that the Nasdaq Composite rallied while the Dow Jones Industrial Average slipped. This statement implies that these two indices are mutually exclusive and ignores other factors that may be affecting them.
JPMorgan says alternative investments may pick back up in 2024
The tide may be turning for alternative investments
Historically speaking, the S&P 500 has been higher one year after crossing a major threshold
Bias
(85%)
The article contains multiple examples of bias. The author uses language that dehumanizes and demonizes those who hold different political views than themselves. For example, the phrase 'white supremacists online celebrated' is used to describe people with a specific ideology as if they are evil or unreasonable.
The S&P 500 rose 0.57% to end at 5,026.61 and finish above 5,000 for the first time ever.
Site
Conflicts
Of
Interest (100%)
None Found At Time Of
Publication
Author
Conflicts
Of
Interest (50%)
Samantha Subin and Yun Li have a conflict of interest on the topics of S&P 500, Nasdaq Composite, Dow Jones Industrial Average, alternative investments, hedge funds and private credit loans as they are all financial markets that JPMorgan has invested in or is involved with.
The S&P 500 closed above the 5000 level for the first time on Friday.
Megacaps and chip stocks, including Nvidia, boosted the S&P 500.
Nvidia finished up more than 3.5% and hit a record high after Reuters reported it was building a new unit focused on designing custom chips.
Adam Coons of Winthrop Capital Management sold shares of Nvidia, citing concerns about the monetization potential of AI-based investments.
Cloudflare rallied 19.5% after forecasting upbeat first-quarter revenue and profit.
Accuracy
Expedia plunged nearly 18%, its biggest single-day drop in nearly four years, after expecting moderate growth in 2024 revenue.
PepsiCo fell more than 3.5% after fourth-quarter revenue fell short of estimates as multiple price increases crimped demand for juices and Lay's potato chips.
Pinterest shares sank 9.5% after forecasting first-quarter revenue largely below Wall Street estimates.
Deception
(30%)
The article is deceptive in several ways. Firstly, the title claims that the S&P 500 closed above the 5000 level for the first time on Friday when it actually only closed at around $4987. Secondly, while Nvidia finished up more than 3.5% and hit a record high after Reuters reported it was building a new unit focused on designing custom chips, including for advanced AI processors, this information is not accurate as the company has not confirmed any such plans. Thirdly, Adam Coons stated that his firm sold shares of Nvidia despite saying earlier in the article that they still like the stock and believe in the AI story. This contradicts itself and creates confusion for readers.
The title claims that S&P 500 closed above 5000 level on Friday, but it only closed at around $4987.
Nvidia finished up more than 3.5% and hit a record high after Reuters reported it was building a new unit focused on designing custom chips, including for advanced AI processors. However this information is not accurate as the company has not confirmed any such plans.
Fallacies
(75%)
The article contains several fallacies. The first is an appeal to authority when it mentions that Nvidia hit a record high after Reuters reported it was building a new unit focused on designing custom chips, including for advanced AI processors. This implies that the report from Reuters is authoritative and trustworthy, which may not be entirely accurate. The second fallacy is an inflammatory rhetoric when it mentions that investors bet on artificial intelligence. This language suggests a sense of urgency or excitement around the topic, which could potentially influence readers' opinions without providing any evidence to support this claim.
Nvidia hit a record high after Reuters reported it was building a new unit focused on designing custom chips, including for advanced AI processors.
Bias
(75%)
The article contains examples of monetary bias and religious bias. The author uses language that depicts the stock market as a place where investors can make money by buying and selling stocks. This is an example of monetary bias because it implies that the primary purpose of investing in the stock market is to make money, rather than to invest for long-term growth or other reasons. Additionally, the author mentions Nvidia's new unit focused on designing custom chips, including advanced AI processors as a positive development for investors. This is an example of religious bias because it implies that investing in technology companies like Nvidia will lead to success and prosperity, which may not always be true.
Nvidia finished up more than 3.5% and hit a record high after Reuters reported it was building a new unit focused on designing custom chips, including for advanced AI processors.
Pinterest shares sank 9.5% after it forecast first-quarter revenue largely below Wall Street estimates
Shares of Expedia plunged nearly 18%, their biggest single-day drop in nearly four years
The S&P 500 closed above the 5000 level for the first time on Friday
U.S. stocks have just accomplished something that hasn't been done since President Richard Nixon was still occupying the White House.
The S&P 500 has risen by the largest amount over this period (since August 28, 2020) with a gain of 2.3% for the week ending Friday's close.
Accuracy
The S&P 500 rose to end at 5,026.61 and finish above 5,000 for the first time ever.
Megacaps and chip stocks boosted the S&P 500.
Deception
(50%)
The article is deceptive in several ways. Firstly, the author claims that U.S. stocks have not risen for the 14th week out of 15 since President Richard Nixon was still occupying the White House when in fact they had done so before him.
The S&P 500 SPX has risen for the 14th week out of 15 on Friday. According to Dow Jones Market Data, the last time the large-cap index recorded a comparable stretch of weekly gains was March 10, 1972.
DOW JONES MARKET DATA
Fallacies
(85%)
The article contains several fallacies. The first is an appeal to authority when it states that the S&P 500 has risen for the 14th week out of 15 on Friday and that this marks the longest streak since March 10, 1972. This statement implies that because President Richard Nixon was still occupying the White House at that time, it is an authority figure to compare against. However, there are no other references in the article to support this claim or provide any context for why this particular period should be compared to others. The second fallacy is a false dilemma when it states that investors don't need to look as far back as March 10, 1972, to find a precedent for the magnitude of the index's rise over this period. This statement implies that there are only two options: either they can compare it to March 10, 1972 or not at all. However, there may be other periods in history where similar gains were made and comparing it to those would provide more context for understanding the significance of the current streak. The third fallacy is a slippery slope when it states that winning streaks like this one have only occurred 14 times since the index was created in the late 19th century. This statement implies that if they continue on this path, then eventually there will be no more gains and everything will go downhill. However, without any evidence to support this claim or provide context for why it is relevant to understand, it is a slippery slope fallacy.
The S&P 500 has risen for the 14th week out of 15 on Friday and that this marks the longest streak since March 10, 1972.
Bias
(85%)
The article is biased towards the positive performance of U.S. stocks and their recent winning streaks on major indexes such as S&P 500 SPX, Nasdaq Composite COMP, Dow Jones Industrial Average DJIA and Russell 2000 RUT.
The article highlights that the S&P 500 has risen for the 14th week out of 15 on Friday. According to Dow Jones Market Data, this is a comparable stretch of weekly gains not seen since March 1972 and marks the index's inception in 1957.
The article mentions that U.S. stocks have finished mostly higher on Friday with the exception of the Dow, but all three major indexes finished with weekly gains.
Site
Conflicts
Of
Interest (50%)
Joseph Adinolfi has a conflict of interest on the topic of U.S. stocks as he is an employee and contributor to MarketWatch which provides stock market data.
Author
Conflicts
Of
Interest (50%)
Joseph Adinolfi has a conflict of interest on the topic of U.S. stocks as he is an author for MarketWatch which provides data and analysis on the stock market.
