Market Overview - U.S. equity markets closed sharply lower, with the S&P 500 falling by 0.98% to 6,668.20, the Nasdaq Composite dropping 0.91% to 22,691.35, and the Dow Jones Industrial Average declining 1.01% to 46,675.00, marking a significant shift as both the S&P 500 and Nasdaq closed below their 50-day moving averages for the first time since April 30 [2][8] - Concerns about AI-driven valuations are rising, exemplified by Nvidia shares declining by 2.6% ahead of its earnings report [3][8] Federal Reserve Insights - Federal Reserve Governor Christopher Waller advocates for a 25 basis point interest rate cut at the December FOMC meeting, citing a weakening labor market and stable inflation expectations [4][5][8] - Waller emphasizes the need to focus on labor market conditions over inflation, noting a decline in labor demand and reduced job openings [5] Cryptocurrency and Gold Market - Bitcoin has entered a "free fall," dropping below $93,000 and down over 25% from its October peak of $126,000, resulting in an estimated $1 trillion loss from the crypto market [6][8] - In contrast, China's central bank added an estimated 1.24 to 1.5 tons of gold to its reserves in September, continuing a trend of accumulation for 11 consecutive months [7][8] Corporate Developments - ITC Holdings Corp. announced Krista Tanner as its new President and CEO, effective March 23, 2026, succeeding Linda Apsey [9] - Thoma Bravo has reportedly made an offer to acquire Clearwater Analytics, which would take the company private, leading to an uptick in Clearwater's shares [10] Geopolitical Context - Tensions on the Korean Peninsula have escalated as North Korea responds to U.S. and South Korea's joint agreements, indicating potential military escalations [11]

Federal Reserve governor Christopher Waller said he supports another quarter-point cut in a key U.S. interest rate in December to help an ailing U.S. labor market — and he doubts he'll change his mind. ...

分组1 - Nvidia is set to report its third-quarter earnings, with expectations for strong performance driven by a significant backlog of $500 billion in booked business, indicating potential data center revenue growth of nearly 20% sequentially each quarter until 2026 [1][2] - Major customers like Amazon, Google, Microsoft, and Meta are planning substantial capital expenditures, aligning with Nvidia's growth trajectory [1][2] - Despite Nvidia's stock being up approximately 40% this year, historical trends show that even when the company beats earnings expectations, the stock has often declined post-report [1][2] 分组2 - The upcoming September jobs report is anticipated to show a rebound in payroll growth, with expectations of an increase to 54,000 jobs from 22,000 in August, while the unemployment rate is expected to remain steady at 4.3% [2][3] - Fed Vice Chair Philip Jefferson indicated a cautious approach to rate cuts, highlighting a shift in risks towards the labor market, with inflation risks appearing to have receded somewhat [2][3] - The Fed is expected to consider a 25 basis point rate cut in December, contingent on the data flow, including the upcoming jobs report [2][3] 分组3 - Bitcoin has erased its year-to-date gains, falling below $94,000, with investor Michael Sailor expressing confidence that Bitcoin will surpass gold's market cap by 2035 [4][5] - Sailor emphasized the importance of concise communication in the digital age, advocating for the use of visual content to convey messages effectively [5][6] - The conversation around Bitcoin's future includes considerations of its potential as a larger asset class than gold, driven by its finite supply and increasing adoption [4][5] 分组4 - Block's shares have seen a slight increase following an upgrade to hold from sell, with analysts noting improved momentum at Square despite ongoing concerns about credit risk [4] - Dell has been downgraded to underweight by Morgan Stanley due to rising memory costs impacting hardware margins, while JP Morgan remains optimistic about demand from cloud customers [4] - Vita Coco's stock was upgraded to buy by Bank of America, with a raised price target following tariff relief that removes a significant financial burden for the company [4]

Group 1 - The March U.S. Treasury Bond futures are currently presenting a selling opportunity due to a trend of declining prices, recently hitting a five-week low [1] - The market has adopted a more hawkish stance regarding the Federal Reserve, with a U.S. interest rate cut in December now appearing uncertain, contrary to previous expectations [2] - A breach of the support level at 115 31/32 in March T-Bond futures would empower bearish traders and create a selling opportunity, with a downside target of 112 or lower [3] Group 2 - The technical indicators, specifically the MACD, are showing a bearish posture, indicating further potential price weakness in the bond market [1] - Resistance for protective buy stops is identified at 117 20/32, suggesting a strategic point for traders to consider [3]

Group 1: Company Movements - Alphabet's stock rose approximately 5% after Berkshire Hathaway disclosed a $4.3 billion stake, making it the 10th-largest holding for Berkshire [1] - Nvidia's stock dropped about 2% following a regulatory filing that revealed Peter Thiel's hedge fund exited a $100 million position, adding pressure ahead of its earnings report [7] - XPeng's stock fell more than 3% after issuing weak Q4 revenue guidance, despite reporting a narrower loss in Q3 [4][12] Group 2: Sector Performance - The Nasdaq ended last week down 0.5%, with losses attributed to Alphabet, Amazon, Broadcom, and Meta [3][10] - Zymeworks surged about 35% and Jazz Pharmaceuticals rose 21% after reporting strong Phase 3 cancer drug data [3][11] - Lithium stocks experienced significant gains, with Ganfeng's chairman forecasting a 30% demand growth in 2026, leading to increases in stocks like Sigma Lithium (up 26%) and Albemarle (up 4%) [3][11][12] Group 3: Economic Indicators - The Empire State Manufacturing Index reached 18.7, the highest in a year, indicating improvements in new orders and inventories [6] - The upcoming September nonfarm payrolls report is anticipated to influence December rate-cut expectations, with analysts warning that a strong or weak number could shift market sentiment [2][9] - Inflation remains above 2%, partly driven by tariff effects, as noted by Fed Vice Chair Philip Jefferson, who indicated that current policy is still restrictive [2][9]

Core Viewpoint - The cryptocurrency market experienced a significant selloff on November 14, with Bitcoin's price dropping below $96,000 for the first time in six months, reflecting a decline of over 20% from its October high of more than $126,000 [1] Market Overview - Major cryptocurrencies, including Ether, Solana, and Binance's BNB, saw declines ranging from 6% to over 10%, indicating a broad market retreat [2] - Crypto-linked equities, such as Coinbase and Strategy, also faced losses, with share prices falling more than 1% and 3% respectively [2] Investment Implications - The rapid depreciation and volatility in the cryptocurrency market should prompt investors to reassess their positions in Bitcoin Exchange-Traded Funds (ETFs) and other crypto-linked investments [3] Market Drivers - The primary catalyst for the recent selloff is a shift in sentiment regarding macroeconomic risks and monetary policy, with traders reducing expectations for an interest rate cut by the Federal Reserve due to delayed economic data [4] - Liquidity in the market has significantly decreased, with Bitcoin-investing ETFs experiencing outflows of approximately $870 million, marking the second-largest withdrawal since their introduction in January 2024 [5] - Analysts have confirmed that the crypto market has entered a bear regime, citing weakening ETF flows and continued selling by long-term holders [5] ETF Analysis - The substantial outflows from ETFs and the confirmation of a bear regime indicate a decline in institutional and long-term support, suggesting that investors should review their exposure to Bitcoin ETFs [7] - iShares Bitcoin Trust (IBIT) has net assets of $75.44 billion and has risen 0.8% year to date, with an average daily trading volume of 62.55 million shares [8] - Fidelity Wise Origin Bitcoin Fund (FBTC) has net assets of $22.50 billion, gaining 0.7% year to date, with an average daily volume of 5 million shares [9] - Grayscale Bitcoin Trust ETF (GBTC) has assets under management of $16.01 billion, but has lost 0.3% year to date, with an average daily volume of 5.54 million shares [10][11] - Invesco Galaxy Bitcoin ETF (BTCO) has a net asset value of $93.99, gaining 0.7% year to date, with an average daily volume of 187,517 shares [12]

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's recent interest rate cuts [1][3] - The highest CD rate currently available is 4.1% APY, offered by several institutions for various term lengths [2] - The national average CD rate for a 1-year term is 1.68%, indicating that current rates are among the highest seen in nearly two decades [3] Best CD Rates - As of November 17, 2025, the top CD rate is 4.1% APY from Marcus by Goldman Sachs, Sallie Mae, and Synchrony for different term lengths [2] - Online banks and credit unions typically provide more competitive rates compared to traditional banks [3] Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions to find the best options [4] - Online banks often have lower overhead costs, allowing them to offer higher interest rates on CDs [4] - Potential investors should check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies [4]

Market Overview - U.S. stock futures advanced on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are anticipating the September jobs report, which is crucial for assessing the labor market and potential Federal Reserve rate cuts [1] - The 10-year Treasury bond yielded 4.12%, while the two-year bond was at 3.60%, indicating market expectations for interest rate changes [2] Company Insights - Nvidia Corp. is set to release its earnings results on Wednesday, which is highly anticipated by investors [2] - Dell Technologies Inc. experienced a decline of 4.04% after being downgraded by Morgan Stanley from 'Overweight' to 'Underweight', with a price target cut from $144.00 to $110.00 [6] - Boeing Co. saw a slight increase of 0.30% following Emirates' third order for 777X airplanes, indicating ongoing demand for air travel [6] - Palantir Technologies Inc. rose by 0.73% due to a partnership with Multiverse to enhance NHS staff training, focusing on AI and data skills [12] Sector Performance - The S&P 500 sectors were mostly negative on Friday, with materials, financials, and communication services facing the largest losses [7] - The overall performance of major indices showed slight variations, with the Nasdaq Composite up by 0.13% and the S&P 500 down by 0.05% [8] Analyst Insights - Ryan Detrick provided an optimistic market outlook, emphasizing strong fundamentals and a projected 13.1% year-over-year growth in S&P 500 earnings for Q3 [9] - Companies generating over 50% of their revenue outside the U.S. are expected to see even higher growth at 13.5% [9] - Detrick noted that historical trends show positive stock performance following government shutdowns, with the S&P 500 rising 19 out of 22 times one year after such events [10]

Market Performance - The S&P BSE Sensex closed up 388 points, or 0.46%, at 84,950.95, while the NSE Nifty 50 added 103.40 points, or 0.4%, finishing at 26,013.45, marking a return above the 26,000 level [1][14] - Financial stocks gained 0.6% and were the strongest drivers of the benchmarks, supported by the Reserve Bank of India's measures for export-focused industries facing U.S. tariff pressures [2][14] - In the broader market, small-caps added 0.5%, and mid-caps climbed 0.7% to reach a fresh record high [3][14] Company-Specific Developments - Tata Motors Passenger Vehicles slipped 4.7% after the automaker revised its fiscal 2026 margin outlook for its U.K. arm, Jaguar Land Rover [5][14] - Shares of companies like Eternal, Maruti Suzuki, Kotak Mahindra Bank, Mahindra & Mahindra, and Tech Mahindra led the advance, each rising between 1% and 2% [14] Investor Sentiment and Expectations - The market maintained positive momentum near the key psychological level of 26,000, with investors anticipating a strong catalyst for further upward movement, particularly a potential trade deal [6][14] - The risk-reward ratio is considered favorable, bolstered by stronger-than-expected Q2 earnings from mid-caps, reinforcing confidence in growth revival and potential future earnings upgrades [7][14] Global Market Context - Global stocks and bond yields held firm, with European indices rising slightly and U.S. futures indicating a steady mood [8][14] - Expectations for a U.S. interest rate cut in December have fallen to less than 50%, putting pressure on stocks, especially in the technology sector [9][14] Commodity and Currency Movements - Gold prices edged down to $4,072 an ounce, despite a 55% increase this year from $2,624 an ounce on January 1, driven by safe-haven demand and geopolitical tensions [11][14] - Oil prices slipped, with Brent crude falling 44 cents, or 0.7%, to $63.95 a barrel, and U.S. West Texas Intermediate declining 48 cents, or 0.8%, to $59.61 [12][14] - The Indian rupee inched higher to 88.63 per U.S. dollar, supported by light dollar inflows, despite a widening trade deficit [13][14]

Market Overview - Asian shares ended mixed as investors prepared for upcoming U.S. economic data and tensions between China and Japan [1] - The dollar strengthened while gold prices decreased as expectations for a December rate cut from the U.S. Federal Reserve diminished [2] - China's Shanghai Composite index fell 0.46% amid worsening diplomatic relations with Japan and news of a potential rare earths deal with the U.S. [3] - The Nikkei average decreased by 0.10% and the broader Topix index dropped 0.37%, with retail and tourism stocks suffering due to travel warnings from China [4] Company Performance - Fast Retailing's shares declined by 5.3% and Isetan Mitsukoshi Holdings saw an 11.3% plunge, while Sumitomo Mitsui Financial Group's stock rose by 5.5% after an upward revision of its profit forecast [5] - In South Korea, the Kospi index surged by 1.94%, driven by strong performances from semiconductor stocks ahead of Nvidia's earnings report [5] Regional Markets - Australian markets ended flat after recovering from an early decline, with financials losing ground while the energy sector gained [6] - New Zealand's S&P/NZX-50 index increased by 0.26% ahead of significant company results and trading updates expected later in the week [6] U.S. Market Sentiment - U.S. stocks closed mixed, with the tech-heavy Nasdaq Composite inching up 0.1% to break a three-day losing streak, while the S&P 500 and Dow experienced slight declines [7]