Weekly Stock Market Review

Dear I Know First subscribers,

I hope this letter finds you well and that you are enjoying the benefits of our cutting-edge AI-powered Predictive Algorithm. As you know, we are constantly striving to provide you with the most accurate and reliable forecasts for the stock market, based on our proprietary artificial intelligence system.

In accordance with the forecast, the past week was a challenging one for the market, as the S&P 500 ended Friday modestly higher, but all three of the major averages snapped a nine-week winning streak following a stronger-than-expected jobs report. The three major averages notched their first negative week in 10, with the Nasdaq suffering the biggest decline at 3.25% — its worst weekly performance since September. The S&P 500 and Dow dropped 1.52% and 0.59%, respectively.

However, despite the market volatility, our algorithm identified several opportunities for our subscribers to profit from both long and short positions. In accordance with our forecast, some of the stocks that performed well in the past week were: In the 3 Days forecast for the Hedge Fund Stocks Package, ZIM, X, and NYCB, all had returns of 30.38%, 0.81%, and 0.48%, respectively. The Hedge Fund Stocks package recorded an overall average return of 2.89%, providing investors with a premium of 2.73% over the S&P 500’s return of 0.16% during the same period. In the 7 Days forecast for the Medicine Stocks Package, PTN, INO, and XOMA all had returns of 34.03%, 27.03%, and 13.53%, respectively. The Medicine Stocks package recorded an overall average return of 8.73%, providing investors with a premium of 8.48% over the S&P 500’s return of 0.25% during the same period. In the 14 Days forecast for the Pharma Stocks Forecast Package, KURA, NRIX, and ORGO all had returns of 24.37%, 13.56%, and 8.8%, respectively. The Pharma Stocks Forecast package recorded an overall average return of 6.87%, providing investors with a premium of 6.82% over the S&P 500’s return of 0.05% during the same period. In the 1 Month forecast for the Top 10 Stocks Package, CLSK, SQ, and WIX all had returns of 76.76%, 21.95%, and 21.2%, respectively. The Top 10 Stocks package recorded an overall average return of 17.49%, providing investors with a premium of 13.07% over the S&P 500’s return of 4.42% during the same period. In the 1 Month forecast for the Insider Trades Package, MARA, CLSK, and PVH all had returns of 96.24%, 76.76%, and 24.89%, respectively. The Insider Trades package recorded an overall average return of 31.66%, providing investors with a premium of 27.24% over the S&P 500’s return of 4.42% during the same period. In the 3 Months forecast for the Top 10 Stocks Package, GPS, FRPT, and AZTA all had returns of 96.52%, 32.79%, and 29.23%, respectively. The Top 10 Stocks package recorded an overall average return of 22.23%, providing investors with a premium of 11.62% over the S&P 500’s return of 10.61% during the same period. In the 3 Months forecast for the Home Builders Package, HOV, MHO, and PHM all had returns of 80.64%, 60.54%, and 41.2%, respectively. The Home Builders package recorded an overall average return of 34.11%, providing investors with a premium of 23.8% over the S&P 500’s return of 10.31% during the same period. In the 1 Year forecast for the Computer Industry Package, NVDA, AMD, and AVGO all had returns of 238.87%, 127.59%, and 99.64%, respectively. The Computer Industry package recorded an overall average return of 77.24%, providing investors with a premium of 53.01% over the S&P 500’s return of 24.23% during the same period. In the 1 Year forecast for the Home Builders Package, HOV, MHO, and BZH all had returns of 245.24%, 156%, and 135.45%, respectively. The Home Builders package recorded an overall average return of 85.54%, providing investors with a premium of 62.19% over the S&P 500’s return of 23.35% during the same period. ?

As you can see, our algorithm has proven to be a valuable tool for investors who want to gain an edge in the stock market. We are confident that our algorithm will continue to deliver high-quality forecasts for the rest of the year and beyond.

In fact, 2024 represents a crucial year for the stock market as the fourth year of the current presidential cycle gets underway, according to Bank of America. The fourth year of a presidential term is the second-strongest year for the stock market, with the S&P 500 historically posting solid median and average returns of 10.7% and 7.5%, respectively, according to data going back to 1928. Only the third year of a presidential term is stronger. One idea behind the solid performance during the fourth year of the presidential cycle is that the incumbent president will try to give the economy one last boost via fiscal spending to increase their chances of getting re-elected.

Therefore, we believe that 2024 will offer many opportunities for our subscribers to profit from the market movements. Our algorithm is already preparing for the next year by analyzing the historical data, the current trends, and the future scenarios. We have recently published our stock market forecast based on artificial intelligence for 2024, which you can access here:

In this forecast, you will find our predictions for the best stocks to buy, sell, or hold for the next year, based on our advanced AI system. You will also find our forecasts for the major market indices, such as the S&P 500, the Nasdaq, and the Dow. We are confident that our forecast will help you make informed and profitable decisions for your portfolio.

If you are not yet a subscriber of I Know First, we invite you to join our growing community of investors who trust our algorithm to guide them in the stock market. By subscribing to I Know First, you will get access to our daily and weekly forecasts for thousands of stocks, ETFs, commodities, currencies, and more. You will also get access to our exclusive reports, newsletters, and webinars, where we share our insights and tips on how to use our algorithm effectively.

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We look forward to welcoming you to our I Know First family and helping you achieve your financial goals.

Best Regards, Yaron Golgher,? CEO, I Know First