Gold rallies on rate cut bets, bitcoin above $91K, and small caps roar back

Market Overview - NASDAQ is on track to end a seven-month winning streak, primarily due to declines in the technology sector, which is down 5.6% for the month [1][3] - The healthcare sector has emerged as a strong performer in the fourth quarter, leading gains among various sectors [2][3] Sector Performance - Healthcare has shown significant gains, while technology and consumer discretionary sectors, which include major companies like Amazon and Tesla, have underperformed [2][3] - Small caps, particularly the Russell 2000, are challenging record highs, indicating a potential breakout moment [5][6] Economic Indicators - The performance of small caps is viewed as a barometer for the health of the U.S. economy, with optimism surrounding lower interest rates benefiting consumer sectors [7][8] - Gold prices have increased by 24% over the last three months, driven by interest rate expectations and inflationary pressures [8][10] Retail Sector Insights - Holiday spending estimates indicate an expected increase, reflecting a shift in consumer sentiment towards more spending during the holiday season [13][14] - Retailers like Kohl's, Target, and Macy's have reached 52-week highs, signaling positive trends in the retail sector [14][15] Transportation Sector - The transportation sector has shown signs of recovery, with the IYT ETF regaining its position above the 50-day moving average, indicating potential alignment with broader market trends [16][18] Technology Sector Analysis - The technology sector, particularly semiconductors, is experiencing saturation, with concerns about energy demand from hyperscalers impacting future growth [20][21] - Despite recent challenges, major tech companies like Google are expected to have a strong future, presenting potential buying opportunities during market corrections [21][22] Biotech Sector Trends - The biotech sector has gained attention, with significant investments from notable investors, indicating a promising outlook driven by advancements in AI and healthcare [24][25] - Companies like Teddoc and Repimmune are highlighted as potential growth stocks within the biotech space [25][26] Cryptocurrency Market - Bitcoin has shown signs of recovery, with a potential bottom around $80,000, and is currently trading over $92,000, with key resistance levels at $100,000 [27][28] - Other cryptocurrencies like Ethereum and Chainlink are also being monitored for potential upward movements, with specific price levels identified as critical [29][30]