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Dow’s 11-day streak
Major US stock indexes finished in the green on Monday, with the Dow Jones Industrial Average recording an 11-day winning streak. Pan-European Stoxx 600 advanced 0.06%, which led to a 1.5% increase in oil and natural gas inventories. However, business activity in the eurozone and the UK is slowing according to flash estimates.

The former Twitter
Twitter relabeled “X” and ditched its iconic bird logo. Twitter’s move to X is part of owner Elon Musk’s vision to transform the platform into an “everything app” that’s “focused on audio, video, messaging, payments/banking,” as CEO Linda Yaccarino’s tweet — sorry — “x,” in the brand’s new short-message language, puts it. Analysts they are not convinced by a stroke.

Busy week for central banks
The US Federal Reserve, the European Central Bank and the Bank of Japan will all be there announce interest rate decisions this week. Analysts expect the Fed to raise rates by 25 basis points; The ECB will also raise rates by 25 basis points; and the BOJ to keep their ultra-loose monetary policy intact. However, central banks could turn to meetings after this week.

China’s “cruel” recovery
China’s Politburo, the highest decision-making body of the Chinese Communist Party, met on Monday and promised “adjust and optimize policies in time” for its real estate sector. Country recognition unsatisfactory economic dataPolitburo he said “the economy is facing new difficulties” and that the economic recovery will be “cruel” – although it has not announced any major stimulus.

[PRO] No sign of recession
Steve Eisman, an investor who called and profited from the 2008 subprime mortgage crisis, told CNBC that he thinks “there’s no evidence of a recession yet.” So the stock market can continue to grow – that’s the way it is playing the market.

The stock market continues to look strong as all three major indexes rose on Monday. The S&P 500 rose by 0.4%. Nasdaq Composite added 0.19% a Dow Jones Industrial Average a gain of 0.52%.

The Dow has posted 11 straight days of gains, its first in six years, giving it its highest close since February 2022. To show just how impressive that performance is, the Dow has posted 11-day gains — or longer — only six times since 1945, according to Paul Hickey, co-founder of Bespoke Investment Group. That’s less than once a decade.

Stocks were boosted by the energy sector, which rose 1.7% after oil and gas futures jumped to a three-month high. Goldman Sachs expects even higher prices as “demand reached an all-time high” in the third quarter of the year, corresponding to a Warning by the International Energy Agency.

In another sign markets are on the rise, meme stocks appear to be back. The Roundhill Meme ETF it has gained nearly 60% since today, suggesting that investors feel confident enough to pour money into stocks driven by sentiment and speculation.

If Canaccord Genuity’s forecast proves correct, small-cap stocks could be next on the rise. Strategist Tony Dwyer said in a note to clients Russell 2000 Index It appears to be bottoming out relative to the S&P — meaning it could start to rally soon — especially given the expensive valuations of leading stocks in the broader index. Indeed, the Russell 2000 closed above its 200-day moving average, which is usually a sign that there is positive momentum behind the move.

With 40% of the Dow and 30% of the S&P posting gains this week, we’ll get a clearer picture of whether investor enthusiasm can last. Alphabet, Microsoft and Visa start earning later today – but watch PacWest Bancorp for any signs of weakness in regional banks. However, for the smaller banks that already reported last week, things appear to be steady so far. Let the good times roll.