Bet_Noire / iStock via Getty Images Quick Read The stock market continued its broad move lower as all of the major indices closed down on Tuesday. Gold Oil and Crypto prices all were higher on the day as some “Buy the Dip” traders appeared to start nibbling at the battered sectors. All eyes will be on tech giant NVIDIA as they will report earnings today for the quarter after the closing bell at 5 PM EST. If you’re thinking about retiring or know someone who is, there are three quick questions caus ...

Oil prices are set to further drop into next year from current levels amid a large surplus on the market, with the U.S. benchmark WTI Crude expected to average $53 per barrel in 2026, according to Goldman Sachs. Early on Tuesday, WTI Crude was trading just above $60 per barrel, at $60.09, up by 0.22% on the day. The investment bank’s call for next year is that oil prices are on track for further declines and investors should short oil right now, Daan Struyven, co-head of global commodities research at Go ...

Real estate and small-cap sectors faced pressure due to higher financing costs. Retail and tech names still drew attention on hopes that steady consumer demand could cushion rate-sensitive areas. Penny stocks with stronger balance sheets also entered watchlists as investors hunted resilience during tighter financial conditions. Among early movers Bloom Energy surged 8.05% as demand for clean energy systems strengthened and investors cheered operational momentum. DoorDash climbed 6.02% after expanding major ...

Market Overview - Stock futures are trading lower, following a record high for the Dow Jones Industrial Average (DJIA) which closed at 48,254, up 327 points or 0.68% [2] - The S&P 500 finished slightly positive at 6850, while the NASDAQ closed down 0.26% at 23,406, indicating a rotation from high-valuation technology stocks [2] - Concerns persist regarding a potential bubble in AI investments that could impact the broader stock market and economy [2] Treasury Bonds - The bond market saw yields decrease across the Treasury curve, with the 30-year bond yield closing at 4.67% and the 10-year bond yield at 4.07% [3] - This movement follows the expected signing of a funding bill by the House of Representatives to end the longest government shutdown on record [3] Oil and Gas - Brent Crude and West Texas Intermediate (WTI) oil prices fell significantly, with Brent down 3.74% at $62.72 and WTI down 4.18% at $58.49 [4] - Concerns about weak global economic growth, particularly in the U.S. and China, are affecting oil prices, alongside worries about potential oversupply due to OPEC+ output increases [4] - Natural gas prices also declined, finishing down less than 1% at $4.53 after a strong previous week [4] Dow Jones Industrial Average - The DJIA reached a new all-time high, driven by large-cap money center banks [5] - There is a continuing shift from technology stocks to value and large-cap dividend stocks amid discussions about the AI bubble [5]

Market Overview - The U.S. government shutdown continues to be a significant topic, impacting market sentiment and leading to rising shares globally [1][3] - Australian shares are expected to open higher, with a potential increase of up to 0.2% [2] Economic Data - Anticipation builds for a release of U.S. economic data, including retail sales and housing statistics, which have been delayed due to the shutdown [3] - The October labor force report for Australia is expected to show a drop in unemployment to 4.4% [4] Company Focus - Gold stocks are gaining attention as bullion prices rise, with Newmont (ASX:NEM) seeing a 3.6% increase to US$93.13 per share, and Evolution (ASX:EVN) up 11% since Monday [5] - The lithium sector is also highlighted, with Mineral Resources (ASX:MIN) and IGO Ltd (ASX:IGO) experiencing price increases [6] - Several companies are holding annual general meetings (AGMs) today, including Arena, AUB Group, and Computershare [6] Commodity Prices - The Australian dollar is trading at 65.3 U.S. cents [8] - Iron Ore prices increased by 1.1% to $102.65 per tonne, while Brent Crude oil decreased by 4% to $62.60 per barrel [8] - Gold prices continue to rise, currently at $4,196 per ounce [8]

Market Overview - The stock market experienced a significant rally, with the NASDAQ up 2.27% at 23,554, the S&P 500 gaining 1.54% to close at 6,832, and the Dow Jones Industrial Average rising 0.81% to finish at 47,368, driven by the potential end of the government shutdown [2][5]. Treasury Bonds - Treasury yields increased across the curve, particularly in intermediate maturities from the 7-year note to the 10-year benchmark, as the market anticipates a reopening of the government and a potential influx of economic data [3]. Energy Sector - The energy sector mirrored the stock market's rally, with Brent Crude closing at $63.94 (up 0.49%) and West Texas Intermediate at $60.11 (up 0.60%). However, concerns about oversupply persist despite OPEC+'s decision to halt production increases in January [4]. - Natural Gas prices surged to $4.38, up 1.51%, driven by an arctic blast and increased electricity demand from data centers [4].

Market Overview - The S&P BSE Sensex fell 0.31% to 83,277.03, down 258 points, while the NSE Nifty 50 dropped 0.32% to 25,492.15 at the open [1][15] - By 10:40 AM, Sensex traded 388 points or 0.46% lower at 83,148, and Nifty50 fell 114 points or 0.46% to 25,457 [1][15] - In the broader market, the Nifty Midcap 100 slipped 0.3%, while the Nifty Smallcap 100 eased 0.2% [2][15] Sector Performance - Sectoral trends were largely negative, with all major indices in the red except Nifty Auto and Nifty IT, which edged higher by 0.3% and 0.4%, respectively [2][15] - Financial stocks led the declines, with Bajaj Finance, Tata Motors Passenger Vehicles, and Tata Steel among the top laggards, sliding between 1% and 7% [15] AI Trade Insights - The AI trade, which was weak last week, bounced back with a 2.2% gain in Nasdaq [5][15] - Current valuations of AI stocks range from 28 to 51, compared to Nasdaq's PE of 32, indicating that there is no bubble yet in AI stocks [6][15] - Concerns exist that returns from AI stocks may take longer than expected, and as long as this trade persists, foreign institutional investors (FIIs), particularly hedge funds, may continue to sell in India, weighing on Indian markets [6][15] Investment Strategy - Investors are advised to prioritize valuations and safety, as Indian retail investors are investing in IPOs priced at 230 times earnings, which is considered dangerous [7][15] - Nvidia, the most valuable company in the world, is trading at 51 times earnings, highlighting the disparity in valuations [7][15] Global Market Trends - Asian stocks climbed, with gold surging nearly 3% to trade above $4,100, and the Nasdaq jumping 2.3% [8][15] - The rally followed the U.S. Senate's passage of a funding deal to end the government shutdown, improving risk appetite [8][15] - Oil prices slipped, with Brent crude futures easing 0.2% to $63.93 a barrel, amid renewed worries over excess supply [10][15] Currency Movements - The Indian rupee opened nearly flat at 88.7075 per U.S. dollar, supported by positive remarks from President Trump regarding a potential trade deal [11][15] - The dollar index edged up to 99.66, while most Asian currencies weakened as traders monitored the U.S. federal shutdown situation [11][15]

Market Overview - Australian shares are expected to open with a moderate gain of up to 60 points, reflecting a +0.65% increase as part of a 'buy the dip' rally [1] - The U.S. tech sector showed significant strength, with the Nasdaq composite rising by +2.29% and the S&P 500 increasing by +1.5% [3] Company News - Commonwealth Bank (ASX:CBA) reported a slight increase in first-quarter profits, maintaining profit after tax at $2.6 billion, supported by resilient lending despite tech-related costs being a drag [4] - Activeport Group (ASX:ATV) announced the launch of its NNI Exchange in the Middle East, projecting to unlock $112 billion in the overseas AI market [4] - Pilbara Minerals (ASX:PLS) was a standout gainer, increasing by +9% [5] - Rox Resources (ASX:RXL) has commenced underground mining at its Youanmi Gold Project, marking a significant operational milestone [5] - Coles (ASX:COL) and TPG (ASX:TPG) are holding Annual General Meetings today, which may influence their stock performance [5] Commodity and Forex Update - The Australian dollar is trading at 65.3 U.S. cents [6] - Iron Ore prices increased by +0.9% to $102.15 per tonne, Brent Crude rose by +0.6% to $64.02 per barrel, and Gold is priced at $4,117 per ounce [6]

Treasury Market - Yields were mixed across the Treasury curve, with continued buying in maturities from one year to the 10-year note, while mild selling was observed in the shortest T-bill maturities and on the 20- and 30-year bonds [1] - The week was characterized by volatility, with significant intra-week price swings, resulting in a near flat overall performance [1] Stock Market - Futures are trading higher as investors are relieved that the previous week has ended, driven by hopes of an end to the Government shutdown [2] - The third quarter earnings season has been positive, with stocks generally beating expectations and providing solid guidance [2] - The tech-heavy Nasdaq Composite experienced its worst weekly performance since April, while the S&P 500 and Dow Jones also posted steep losses [2][4] - A late Friday rally saw major indices, including the Dow Jones, S&P 500, and Russell 2000, finish higher, with gains primarily occurring in the last 15 minutes of trading [2] Oil and Gas - Major oil benchmarks finished slightly higher, with Brent Crude at $63.76 and West Texas Intermediate at $59.87 [5] - U.S. oil production reached a record high of 13.651 million barrels per day, contributing to the performance of major oil companies despite declining spot prices [5] - Natural Gas prices remained stable but have seen a rally, pushing futures to their highest levels since March [5] Gold Market - Gold ended the week up 0.62% at $4,000.20, with bullish expectations for a near-term target of $4,200 [6] - Silver prices are consolidating below $50 an ounce, with growing bullish expectations as it has been added to the U.S. Geological Survey 2025 List of Critical Minerals [6] Cryptocurrency Market - Cryptocurrency experienced volatility, with Bitcoin dropping below $100,000 but recovering to $103,750.25 by the end of the week, resulting in a weekly decline of 5.48% [7] - Ethereum also ended positively for the day but recorded a net decline for the week, last seen at $3,466.74 [7]

Economic Indicators - The ADP private jobs report indicated a gain of 42,000 jobs in October, nearly double the expected 22,000, marking the first job addition since July [1] - Positive Q3 earnings reports and strong forward guidance have alleviated concerns regarding a potential Artificial Intelligence bubble [1] Treasury Bonds - Yields increased across the curve, with the 30-year bond closing at a 4.74% yield and the benchmark 10-year note at 4.16% [2] - Profit-taking and stronger-than-expected U.S. economic data contributed to reduced bids after a safe-haven rally [2] Oil and Gas - Brent Crude finished at $63.52 and WTI settled below $60 at $59.60, with concerns about a possible global oil glut impacting prices [3] - Despite lower prices, substantial U.S. fuel demand provided some support, while Natural Gas saw increased interest due to high LNG demand and colder weather forecasts [3] Gold - Gold closed lower at $3,973, retreating from the $4,000 level, with sales reaching three-year highs in October [4] - Market expectations suggest a consolidation around the $4,000 level, supported by central bank purchases and strong retail demand [4] Cryptocurrency - Bitcoin rallied to $102,000 after previously trading under $100,000, while Ethereum was around $3,400 [5] - Ongoing volatility is influenced by Federal Reserve interest rate concerns and geopolitical issues [5]