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Historical data suggests that the S&P 500 often outperforms in presidential election years, with an average return of 10.5% over the last 16 election years, excluding the global financial crisis and dot-com bubble. The SPDR S&P 500 ETF Trust (SPY) has seen a 23.7% increase since Biden's presidency began. The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average ETF Trust (DIA), has had mixed results in election years, with an average return of 5.4%. The Nasdaq 100, often tracked by the Invesco QQQ Trust Series 1 (QQQ), has an average return of 7.4% in election years since its creation in 1985. The performance of these indexes during election years is a point of interest for voters and has been highlighted by both Biden and Trump.

Portfolio Pulse from Chris Katje

December 28, 2023 | 7:16 pm

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In 2023, Nvidia and Meta Platforms were the top performers on the S&P 500, with gains of nearly 240% and 200% respectively. They are part of the 'Magnificent Seven' (Mag7) stocks, which also include Tesla, Intel, Amazon, Alphabet, and Microsoft. These stocks were responsible for a third of the S&P 500's and SPDR S&P 500 ETF's 25% gain. Small-cap stocks like Soleno Therapeutics, Carvana, and Applied Optoelectronics saw gains over 1000%. Cryptocurrency-related stocks like Bit Digital and Bitfarms also surged. The Grayscale Bitcoin Cash Trust outperformed with a 1178% gain, while growth stock ETFs like the Baron Fifth Avenue Growth Fund and Fidelity Blue Chip Growth ETF saw nearly 60% gains.

Portfolio Pulse from Neil Dennis

December 28, 2023 | 7:09 pm

EGLDUSD

MultiversX (EGLD) experienced a 4% price decrease over the past 24 hours, now at $69.02, despite a 12% increase over the past week. The coin's volatility is highlighted by Bollinger Bands in the provided chart. Trading volume has risen by 5%, while circulating supply dropped by 0.09%, with current supply at 83.98% of the max. MultiversX's market cap ranks #48, valued at $1.83 billion.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:00 pm

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Silly Dragon (CRYPTO: SILLY), a meme coin on the Solana blockchain, has seen a dramatic 119% increase in the past week, reaching a new high of $0.137. The surge is attributed to strong community support, limited supply with concentrated whale ownership, and the growing buzz around the Solana ecosystem. Despite its success, meme coins like Silly Dragon are known for their volatility and reliance on community sentiment, which can lead to rapid price changes.

Portfolio Pulse from Murtuza Merchant

December 28, 2023 | 6:34 pm

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Houthi rebel attacks in the Red Sea have led to approximately half of the container-ship fleet rerouting to avoid the area, impacting 18% of global shipping capacity. This has resulted in increased travel time and operational costs, potentially inflating consumer prices. U.S.-led efforts are underway to enhance security. Kuehne & Nagel International AG's stock (KHNGY) has risen 20%, while A.P. Moeller-Maersk (AMKBY), Hapag-Lloyd (HLAGF), Matson Inc. (MATX), Global Ship Lease Inc. (GSL), and the SonicShares Global Shipping ETF (BOAT) have also seen significant share price increases.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 6:07 pm

Realty Income (NYSE:O) has seen a 39.55% increase in short interest since its last report, with 27.02 million shares sold short, representing 4.34% of its float. It would take about 3.05 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Realty Income has less short interest compared to its peer group average of 5.36%. The rise in short interest does not necessarily predict a stock price decline.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 6:00 pm

ETH-USD

On Wednesday, 5,879.90 Ether (ETH) valued at $13,871,399 was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -5.65% for Ether, indicating a deflationary trend, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 6:00 pm

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MSTR

MicroStrategy Inc. (NASDAQ:MSTR) is considered overvalued by 26% according to 10x Research's Markus Thielen, who suggests it's time to take profit based on a regression model linking MSTR stock to Bitcoin prices. Thielen predicts Bitcoin to reach $45,000 by Christmas. Other crypto-related stocks like HIVE Digital Technologies Ltd (NASDAQ:HIVE), HUT 8 Corp (NASDAQ:HUT), and Galaxy Digital Holdings Ltd (OTC:BRPHF) also saw significant year-to-date surges. MicroStrategy recently increased its Bitcoin holdings, now owning 189,150 Bitcoin worth $5.9 billion. Max Keiser hinted at a potential $5 billion mixed debt & equity shelf offering by MicroStrategy, possibly to buy more Bitcoin.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:46 pm

SOL

A trader turned 1.5 SOL into $2 million in 22 days by trading Silly Dragon (SILLY), a new Solana-based memecoin. SILLY, launched by Solana's cofounder on Halloween, has no transaction tax and a burnt liquidity pool for fairness. It's gaining attention as the 'highest cap dragon coin' ahead of 2024, the year of the dragon. SILLY's price peaked at $0.1474, up 135% since its opening, but recently fell 6.3% with a market cap of $140 million.

Portfolio Pulse from Khyathi Dalal

December 28, 2023 | 5:30 pm

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a decrease in short interest, with the short percent of float falling 5.93% since the last report. The company has 15.62 million shares sold short, which is 4.28% of available shares for trading. The average time to cover these short positions is 5.99 days. A decrease in short interest can indicate a more bullish sentiment from investors. GEHC has a higher short interest than the peer group average of 3.43%. Short interest can be a complex indicator, as increasing short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:30 pm