--- title: Weekly Market Update - Euphoria returns... description: Euphoria returns to the US stock markets are the major indices record new all-time highs. Read this post to know if now is still a good time to invest. image: https://www.financialplanningindubai.com/hubfs/Euphoria%20%20Returns....png --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # Weekly Market Update - Euphoria returns... ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 7 Nov 2021, 11:08:16 No! not the season 2 of Euphoria on HBO! I am referring to the euphoria pushing the US stock markets up the 5th week in a row. Last week, the S&P 500, DOW, and the Nasdaq reached new highs, and the tech-heavy Nasdaq index outperformed its peers to gain 3.00%. While the Russell 2000 small-cap index is still lagging behind the major indices year to date, it recorded a stellar 6.00% gain last week. If you are wondering what is fuelling this Euphoria; there are quite a few factors like;   1. 81% of the S&P 500 companies beat the earnings estimates, which is higher than the five-year average of 76% 2. Resurgent labor market adding 531,000 jobs in October, also exceeding economists estimates 3. While the tapering has begun, the stimulus measures are still on. 4. The FED is still Dovish on the increase of interest rates, aiding the supply of cheap credit. 5. Pfizer announcing strong efficacy results of its oral antiviral COVID-19 pill. 6. Pent-up savings coupled with FOMO(Fear of Missing Out With the markets reaching new highs every week, it is also a cause for worry as such euphoria typically creates a bubble that can burst any time. Some factors also indicate that this Euphoria is irrational and highly speculative, like; 1. 53% increase in Tesla Share prices in a month over a deal with Hertz that has not even been signed yet! 2. Squid Game cryptocurrency developers Rug Pull 3. Potential Stagflation Extremely high forward earnings estimate **So, Are we in a Bubble?** Yes and No! Technically speaking, the markets have been in the overbought territory for a while now. With the Fed & the US administration continue to support the equity markets, it isn’t easy to predict how long this current bull run will continue.  With ample liquidity, if the earnings continue to improve, the markets are likely to grow further.  ### Europe Low-interest rates outlook from the ECB & strong corporate earnings continued to push the markets up in Europe. The Euro Stoxx Index rose 1.67% last week. Individual country indices were also up across Europe, & the UK’s FTSE 100 index gained 1.25% ### China Unlike the west Chinese markets continued to slide down, the CSI 300 index slipped 1.4%, & the Shanghai index lost 1.6%.  Chinese investors are wrestling with an intense real estate debt default crisis, another Covid outbreak, & weak economic data. ### India  In a short festive week in India, the Sensex and the Nifty recorded modest gains. The BSE Sensex closed the week at 60,067.62 & the Nifty at 17916.80 ## Outlook The outlook for the year is still positive as Nov & Dec are typically favorable for investors.  If you are a long-term investor, it is still a good time to stay invested or start an investment. Just like how you trim your nails when overgrown, it is also essential to book profits & reduce the risk level of your portfolio in line with your risk appetite. Diversification into bonds & cash can also be a good idea. Stay Safe, Stay Invested.   Whether it is Holistic Financial Planning, Life Insurance, or Investing to grow your wealth, whatever your needs are, I am here to help. Arrange a Free Online  Meeting to discuss your objectives and explore potential solutions.  [![Click here to a Free Online Meeting](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2672634/c7d4ffc7-bdee-4c62-b0c5-0633231d1e75.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2672634/c7d4ffc7-bdee-4c62-b0c5-0633231d1e75) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20Weekly%20Market%20Update%20-%20Euphoria%20returns...%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/weekly-market-update-euphoria-returns](mailto:?subject=Check%20out%20Weekly%20Market%20Update%20-%20Euphoria%20returns...%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/weekly-market-update-euphoria-returns) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? The Shifting Case for China Investing](https://www.financialplanningindubai.com/blog/from-risk-to-reward-the-shifting-case-for-china-investing?hsLang=en-gb) ## Further Reading [![Should I Invest now or wait for a correction?](https://www.financialplanningindubai.com/hs-fs/hubfs/Is%20now%20a%20good%20time%20to%20invest%3F.jpg?width=300&name=Is%20now%20a%20good%20time%20to%20invest%3F.jpg)](https://www.financialplanningindubai.com/blog/is-now-a-good-time-to-invest-or-should-i-wait-for-a-market-correction?hsLang=en-gb) ##### [Should I Invest now or wait for a correction?](https://www.financialplanningindubai.com/blog/is-now-a-good-time-to-invest-or-should-i-wait-for-a-market-correction?hsLang=en-gb) Despite the recent correction in January, the market valuations are still high. Many feel that... [Read More](https://www.financialplanningindubai.com/blog/is-now-a-good-time-to-invest-or-should-i-wait-for-a-market-correction?hsLang=en-gb) [![Up, Up but how far away?](https://www.financialplanningindubai.com/hs-fs/hubfs/4-3.jpg?width=300&name=4-3.jpg)](https://www.financialplanningindubai.com/blog/up-up-and-how-far-away?hsLang=en-gb) ##### [Up, Up but how far away?](https://www.financialplanningindubai.com/blog/up-up-and-how-far-away?hsLang=en-gb) The U.S. markets were up last week, reaching record highs in response to robust corporate earnings.  [Read More](https://www.financialplanningindubai.com/blog/up-up-and-how-far-away?hsLang=en-gb) [![A Quick Rebound to new highs](https://www.financialplanningindubai.com/hs-fs/hubfs/Money%20Matas%20Newsletter-2.png?width=300&name=Money%20Matas%20Newsletter-2.png)](https://www.financialplanningindubai.com/blog/a-quick-rebound-to-new-highs?hsLang=en-gb) ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) ##### [A Quick Rebound to new highs](https://www.financialplanningindubai.com/blog/a-quick-rebound-to-new-highs?hsLang=en-gb) The much anticipated Fed meeting failed to provide any direction on the potential tapering this... 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