Michael and Susan Dell

First, what a magnanimous, generous gift from Michael and Susan Dell. A donation of 6.25 billion dollars through the vehicle of the new Trump accounts created in this year’s tax bill. It is one of the largest donations ever to go straight to Americans. Many of the details are still being hammered out, but your child may be eligible. You, your employer, and others can deposit money (within certain limits), and it grows tax-free as it would in an individual retirement account.

In this program, the U.S. Department of the Treasury will deposit $1,000 into investment accounts it sets up for American children born between Jan. 1, 2025, and Dec. 31, 2028. The Dells’ gift will use the “Trump Accounts” infrastructure to give $250 to each qualified child under 11.

Under the new law, “Trump Accounts” are available to any American child under 18 with a Social Security number. Account contributions must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home, or to start a business.

This is one of the best donations I have ever seen, and the Trump Accounts get a newborn invested from day one. They become invested in our markets and our country. Hurray for the Trump Accounts, and a big hurray and THANK YOU to Micheal and Susen Dell. This will change lives.

12-4-25-SPX

The markets are performing as expected after a pullback of about 5%. As we have said before, this period of consolidation was expected and warranted. Where will we close at year-end? I strongly believe above 7000 on the S&P 500. The S&P 500 broke above a short-term area of resistance and looks like it could be setting up a cup and handle pattern, which would be very positive if it breaks out.

The major indexes surged above their 50-day moving averages, rebounding on Fed rate-cut hopes and more. Leading stocks across a number of sectors showed strength. Google-parent Alphabet (GOOGL) and AI chip partner Broadcom (AVGO) were large-cap winners. The 10-year Treasury yield briefly undercut the 4% level. Bitcoin rebounded above $90,000, though it backed off Friday’s highs.

12-4-25-CRDO

Several high-profile technology names are on the post-Thanksgiving earnings calendar for the coming week, including Snowflake (SNOW), which hasn’t pulled back much as it wages battle near its 10-week moving average. Snowflake is in major growth mode, along with fast-growing artificial intelligence player Credo Technology (CRDO), which reports Monday after the close.