Stocks stumble as hot streak fizzles 📉

U.S. indexes snapped their long winning streak with a sudden selloff on Wednesday....                                                                                                                                                                                                                                                                                                                                                                                                                 December 20, 2023 | [Read Online]( Adam Garcia December 20, 2023 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 The stock market snapped a lengthy win streak with a modest pullback on Wednesday. All major U.S. indexes saw losses exceeding 1%. - S&P 500 [-1.4%] - Dow [-1.2%] - Nasdaq [-1.5%] - Russell 2K [-1.8%] Sponsored [The Digital Nightmare Has Begun!]( The FedNow digital payment system just went LIVE and it's a lot scarier than you may think! The new digital payment system from the Federal Reserve (you know, the may have the power to control who gets paid… What you spend your money on, or just cut out people from the financial system completely. The pressing issue of a digital dollar here in the U.S.A. has now taken a step closer to reality. The good news...you still have time to protect yourself, if you act fast. [Get Your Digital Dollar Game Plan on the NEXT PAGE >>]( Market-Moving News 🔎 🏡Home Sales Tick Higher Despite High Rates In a shift from the trend of the past five months, home sales experienced a slight increase in November, despite the challenge of near two-decade high mortgage rates. 📈 Sales Data Overview: Existing-home sales rose 0.8% from October to November, reaching a seasonally adjusted annual rate of 3.82 million, as reported by the National Association of Realtors (NAR). Despite this uptick, November sales were down 7.3% from the same period last year. The overall sales for 2023 are anticipated to be the lowest since at least 2011. 📉 Impact of Mortgage Rates: The data for November primarily reflects decisions made in September and October, during a time when mortgage rates were on the rise. In October, home-buying affordability hit its lowest point since 1985, according to NAR. 📊 Recent Improvements: There's been a recent improvement in affordability as mortgage rates have been decreasing for seven consecutive weeks, recently dropping below 7%. Potential Market Boost: This decrease in mortgage rates could potentially encourage more home-buying activity in early 2024, as per real estate agents. This uptick in November home sales offers a glimmer of hope in the housing market, suggesting that even small shifts in mortgage rates can have a significant impact on home-buying trends. Top Winners and Losers 🔥 Polished.com [POL] $7.61 (+617.9%) concerned shareholder filed a Form PX14A6G calling for investor collaboration to increase the company’s effectiveness. ParaZero [PRZO] $1.23 (+75.9%) successfully completed its drone safety project with an unnamed Fortune 500 automotive manufacturer. Liquida [LQDA] $10.70 (+35.7%) won out in a longstanding patent dispute with United Therapeutics [UTHR -6.1%], clearing the way for Yutrepia’s commercial debut.  Bluebird Bio [BLUE] $1.32 (45.6%) priced a $125 million public offering of its common stock late Tuesday. Vast Renewables [VSTE] $7.89 (34.2%) continued to slide following its SPAC merger with Nabors Energy Transition Corp earlier this week. Panbela Therapeutics [PBLA] $1.20 (23.5%) pulled back after a big rally earlier this week. Shares initially jumped after it announced the FDA had granted approval to US WorldMeds’ eflornithine drug candidate, which could trigger milestone payments. 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. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2023 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America