Very good morning to you. So we're busy waiting for nonfarm payrolls. One and a half non-farm payrolls.Looking at us features a little bit weaker, weighing on sentiment for tech here in Europe as well. What do you make of the price action heading into the yet important data points. It's been very disappointing price action and I think this kind of choppy price action with a negative bent is going to be the dynamic for the festive period.I don't think it's so much about the jobs data. I think the job today i ...

Very good morning to you. So we're busy waiting for nonfarm payrolls. One and a half non-farm payrolls.Looking at us features a little bit weaker, weighing on sentiment for tech here in Europe as well. What do you make of the price action heading into the yet important data points. It's been very disappointing price action and I think this kind of choppy price action with a negative bent is going to be the dynamic for the festive period.I don't think it's so much about the jobs data. I think the job today i ...

Core Insights - U.S. Treasury yields declined as investors anticipated key economic data releases, including the November nonfarm payrolls report, unemployment figures, and October retail sales [1][2] Economic Indicators - The benchmark 10-year Treasury yield fell to 4.168%, the 2-year Treasury yield decreased to 3.497%, and the 30-year Treasury bond yield slid to 4.846% [1] - November nonfarm payrolls are projected to be 50,000, a significant drop from 119,000 in October [2] - The unemployment rate for November is expected to remain steady at 4.4% [3] - October retail sales are forecasted to increase by 0.1%, down from 0.2% in September [3] - The November Consumer Price Index report is anticipated to show a year-over-year inflation rise to 3.1% [3]

American consumers are closing out 2025 with a double dose of economic relief as a significant drop in fuel costs converges with the Federal Reserve's third consecutive interest rate cut.A Historic Drop At The PumpWhile the central bank works to engineer a soft landing for the labor market, the energy sector is delivering immediate disinflationary help, offering households significant breathing room just in time for the holidays.The most tangible relief is visible at the gas station. The national average pr ...

Right. It used to be so easy for the reality TV guy when he could just stand in front of a prop table and lie. >> When I win, I will immediately bring prices down starting on day one.It's day 329. And if you're struggling to afford groceries, utility bills, healthcare, housing, and transportation, Donald Trump does not have a plan for you. Donald Trump doesn't have a plan for the nearly 50% of Americans who, according to a recent Politico poll, find groceries, utility bills, health care, housing, and transp ...

Wall Street is losing ground on Monday at the start of a week full of economic reports that could drive where interest rates, and thus stock prices, go.The S&P 500 fell 0.3 per cent in afternoon trading, coming off its first losing week in the last three. The Dow Jones Industrial Average was down 137 points, or 0.3 per cent, as of 12:55 p.m. Eastern time, and the Nasdaq composite was 0.5 per cent lower.Technology stocks, including companies in the artificial intelligence industry, were among the heaviest we ...

Core Insights - The iShares Gold Trust (IAU) and iShares Silver Trust (SLV) provide direct exposure to precious metals, with differences in historical risk, recent returns, and ongoing costs [1][2] Cost & Size Comparison - IAU has an expense ratio of 0.25%, while SLV's is 0.50%, making IAU more affordable for long-term investors [3][4] - As of December 12, 2025, IAU's one-year return is 60.2%, compared to SLV's 98.9% [3] - IAU has assets under management (AUM) of $68.3 billion, while SLV has $33.4 billion [3] Performance & Risk Metrics - Over five years, IAU's maximum drawdown is -21.88%, while SLV's is -38.79% [5] - A $1,000 investment in IAU would grow to $2,322 over five years, while the same investment in SLV would grow to $2,532 [5] Fund Structure - Both IAU and SLV aim to mirror the prices of gold and silver, respectively, and do not hold traditional equities or distribute dividends [6][7] - SLV holds 100% exposure to real estate as classified in sector data, reflecting the underlying commodity rather than traditional property holdings [6] - IAU also shows 100% real estate sector exposure due to commodity classification [7] Market Context - Investors are increasingly turning to metal ETFs like IAU and SLV amid concerns about inflation and rising sovereign debt globally [8][13] - Both ETFs have outperformed the S&P 500's total return, with SLV significantly exceeding IAU's performance [10][13] Volatility Considerations - Silver is traditionally more volatile than gold, which can be advantageous in a bull market, as seen in the last five years [11]

Core Insights - Investor sentiment is at its highest level in months, despite concerns about inflation and a potential stock market bubble [1] - A detailed analysis of retail investors' portfolios was conducted, providing insights into current investment trends [1] - The outlook for 2026 was discussed, highlighting expectations for market performance and economic conditions [1] - Historical theories from Charles Dow were referenced to assess the current bull market's health [1] Group 1 - The final investor sentiment survey indicates a strong optimism among investors [1] - Concerns about inflation and a stock market bubble persist, influencing investor behavior [1] - Retail investors' portfolio analysis reveals significant trends and shifts in investment strategies [1] Group 2 - Insights into the market outlook for 2026 suggest cautious optimism [1] - Charles Dow's theories, over 110 years old, provide a framework for understanding the current market rally [1]

Market Trends & Economic Data - Investors are preparing for more information on the US economy, with stocks, bonds, and the dollar wavering [3] - The week will bring economic data releases, including inflation and jobs reports, influencing future Fed policy [4] - The US Treasury market is debating the extent of Federal Reserve interest rate cuts [12] - Delayed announcements of monthly employment and inflation figures due to the US government shutdown are creating a void [13] - There's a debate on whether the economy is transitioning from deleveraging to re-leveraging [40] M&A and Corporate Strategy - The pursuit of Warner Brothers Discovery by Netflix is ongoing, with concerns about job losses and theatrical releases [5] - Netflix co-CEOs are trying to reassure employees about the company's bid for Warner Brothers Discovery, reiterating no business overlap and studio closures [59] - Global M&A activity has been strong, with volumes at $45 trillion, setting up for 2026 to potentially exceed the record year in 2021 [78] - A potential Netflix acquisition of Warner Brothers could be a $827 billion deal [60] - iRobot filed for bankruptcy, with its common stock to be wiped out under the proposed Chapter 11 plan, listing between $100 million and $500 million in assets and liabilities [118][120] Energy & Utilities - National Grid is spending billions of dollars to prepare New York's electric grid for a generational shift, including data centers [93] - National Grid serves over 4 million customers in New York, delivering natural gas and electricity [97] - Cumulative power needs from companies wanting to connect to the New York grid over the next five years are estimated at about 10 gigawatts, tripling in size in one year [99][100] - West Texas Intermediate crude oil (WTI) is down 13%, at $5674 a barrel [92] Cryptocurrency - MicroStrategy acquired almost $1 billion in Bitcoin for a second straight week, despite the cryptocurrency falling [124] - Bitcoin is down 23%, at $86,432 [10][92] - Bitcoin is down about 30% from an all-time high of just over $126,000 in early October [126] Financial Markets Performance - The Dow, S&P, and Nasdaq are all in the red [8][55][56][91][115] - The Bloomberg Mag Seven index is holding onto a gain of 4/10 of 1% [8] - The S&P 500 index is down 1/10 of 1%, lower by six at 620 [9] - The NASDAQ composite index is down 3/10 of 1%, while the Dow Industrials are down 2/10 of 1% [9] - The ten-year Treasury yield is currently at 417%, with the two-year at 350% [9] - Gold is up 4/10 of 1%, at $4314 the ounce [10] - The Russell 2000 index is declining, down 6/10 of 1% [55] - Gold is up $13 the ounce, at $4312, up 3/10 of 1% [56]

Market Overview - US stock futures are struggling to recover from a losing session as investors await the delayed November jobs report, which is crucial for interest rate decisions in the upcoming year [1][3] - Dow Jones Industrial Average futures are slightly below the flatline, S&P 500 futures have decreased by 0.1%, and Nasdaq futures have fallen by 0.2% [1] Employment Data - The November nonfarm payrolls report is expected to show a modest increase of 40,000 jobs, with the unemployment rate projected at 4.4% [4] - This report is significant as it will influence the Federal Reserve's policy decisions regarding potential rate cuts next year [4][5] Corporate Developments - Ford is set to take a $19.5 billion charge as it shifts focus away from electric vehicles, which has positively impacted its shares in premarket trading [5][16] - Roku shares increased by 4% following an upgrade from Morgan Stanley, while Gitlab shares fell by 3% after a downgrade by KeyBanc [6] - Zillow's stock dropped by 2% in premarket trading after a significant decline of 8% on Monday, attributed to Google's announcement of testing real estate listings in search results [6][7] Nasdaq Trading Hours - Nasdaq is seeking SEC approval to extend trading hours to 23 hours during weekdays, which would allow for an additional trading session from 9 p.m. to 4 a.m. ET [8][9] - This move is seen as a response to growing interest in trading US stocks outside traditional market hours, potentially increasing liquidity and allowing for real-time reactions to market developments [10][12] Cryptocurrency Market - Bitcoin has dropped below $86,000, indicating weakening investor sentiment and a shift deeper into bear market territory [13] - The cryptocurrency has been trading within a range of $85,000 to $94,000, with low volumes and a lack of interest noted across crypto markets [14][15]