Stocks fall short in Friday finale 📉

It was a not-so-Good Friday for U.S. stocks today, as the market stumbled in its final session before opening a holiday-shortened trading week on Monday.                                                                                                                                                                                                                                                                                                                                                                                                                 March 22, 2024 | [Read Online]( In partnership with Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 The market retreated in its final session before the weekend. The Nasdaq was the lone gainer with a razor-thin 0.1% advance. Next trading week will be shortened by the Good Friday holiday on March 29th. - DJIA [-0.7%] - S&P 500 [-0.1%] - Nasdaq [+0.1%] - Russell 2K [-1.2%] The Decade’s Best-Performing Asset Is Not What You’d Expect Barron’s recently called whiskey investing “a global phenomenon that shows no signs of slowing down.” And Vinovest is the all-in-one platform that allows you to capitalize on this burgeoning asset class in just minutes. With Vinovest, you can invest in casks of rare whiskey early, before they are aged, marked up, and sold to brands. Strong partnerships with distilleries give Vinovest premium exit flexibility and pricing power. In fact, Vinovest's latest exit, its third one, resulted in 23.3% return for clients over 1 year. It’s Whiskey Time: Experts are calling for the global whiskey market to grow from under $60 billion to over $81 billion by 2025. Start your whiskey investing journey at Vinovest today. [Get started.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 Gold Retreats from Highs as Dollar Strengthens 🏆 Gold's price took a step back Friday, influenced by the strengthening dollar, yet the precious metal is poised for a weekly uptick. This comes after gold's surge to an all-time high, driven by the Federal Reserve's signals of potential rate cuts this year. Spot and Futures See Adjustment 🛠️ Spot gold decreased by 0.7% to $2,166.57 an ounce, following a record-breaking session spurred by the Fed's dovish stance. Meanwhile, U.S. gold futures experienced a 1.1% decline, settling at $2,160. Currency Dynamics at Play 💱 The dollar's ascent to a month-plus high rendered gold pricier for holders of other currencies, yet analysts like Phillip Streible of Blue Line Futures see a limited downside for gold, citing factors like low real rates and continuous demand. Technical and Market Sentiments 📊 For gold's rally to persist, maintaining above the $2,150-$2,145 support is crucial. Market odds favor a U.S. rate cut in June, amplifying gold's attractiveness by lowering the opportunity cost associated with its non-yielding nature. Investment and Trading Insights 💡 Investment inflows into gold soared, touching a near-year peak, while trading dynamics suggest a mixed outlook. With trading positions heavily leaned towards gold, some analysts foresee a potential setup adjustment. Global Demand Contrasts 🌍 Physical demand varies globally, with India's gold market facing a downturn due to spiking prices, in contrast to China's sustained interest. Other precious metals like silver, platinum, and palladium also witnessed declines amidst the broader market recalibrations. Top Winners and Losers 🔥 Murano Global [MRNO] $21.25 (+120.8%) rebounded from a Thursday sell-off that began after it closed its reverse merger with HCM Acquisition SPAC on Wednesday. Intellicheck [IDN] $3.06 (+74.8%) reported stronger-than-expected earnings on its Q4 earnings release published in Friday’s premarket. Canopy Growth [CGC] $7.69 (+68.6%) rallied after Germany passed a law that partially legalizes cannabis in the country. Swvl [SWVL] $9.30 (35.8%) pulled back after rallying for five days in a row. Nkarta [NKTX] $8.92 (31.2%) closed a clinical trial of NKX101 and deprioritized the program as part of a “pipeline realignment.” BYND Cannasoft [BCAN] $2.51 (31.2%) published a Form 6-K today announcing a 1-for-190 reverse stock split of its common shares. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. 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