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Wall Street hits records despite tariff talk, Trump picks key posts for enacting tariff/tax plans, consumer confidence at a 16-month high, OpenAI gets a $1.5 billion investment, and Bitcoin rally to $100k stalls as long-term holders cash out...
Good morning.
The Fast Five → Wall Street hits records despite tariff talk, Trump picks key posts for enacting tariff/tax plans, consumer confidence at a 16-month high, OpenAI gets a $1.5 billion investment, and Bitcoin rally to $100k stalls as long-term holders cash out…
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From Chaikin Analytics
Calendar: (all times ET) - Full calendar
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Your 5-minute briefing for Wednesday, November 27 🦃
US Investor % Bullish Sentiment:
↓ 41.29% for Week of November 21 2024
Last week: 49.84%. Updates every Friday.
Market Wrap:
Futures steady ahead of Fed’s PCE inflation report.
Dell tumbles 11% on weak Q4 forecast.
Core PCE expected at +2.8% YoY; eyes on Fed’s Dec. rate move.
Fed minutes: Gradual rate cuts likely; December in play.
Short week: Market closed Thanksgiving, early market close Friday.
Yesterday: S&P, Dow hit intraday and closing highs.
EARNINGS
HEADLINES
US stocks rose to records Tuesday after Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect.
President-elect chooses John Phelan as secretary of the Navy. Vince Haley named as director of the Domestic Policy Council.
Fed minutes signal more caution on cuts if inflation progress stalls (more)
Post-election euphoria lifts consumer confidence to 16-mo. high (more)
Option traders bet on deep treasury-market selloff within weeks (more)
Major currencies consolidate as market regroups ahead of inflation measure (more)
Oil prices steady amid focus on Israel-Hezbollah ceasefire, OPEC+ policy (more)
New-home sales plunge 17% in October (more)
‘The S&P 500 without the woke sh*t’: Here come the MAGA funds (more)
Bitcoin rally toward $100k stalls as long-term holders cash out (more)
OpenAI gets $1.5 billion investment from SoftBank in tender offer (more)
New AI tech can spot fake Lacoste products from a photo (more)
Kraken shuts down NFT marketplace (more)
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- Shortened briefing today -
Wishing you a wonderful Thanksgiving.
Full briefings will be back on Monday, December 2.
Thank you for reading!
DAILY SHARES
Who remembers this weird electric knife that you would only see once per year?
— Wall Street Mav (@WallStreetMav)
7:00 AM • Nov 27, 2024
When you excused yourself from spending time with your family because your VP wants to discuss some minor formatting changes to an internal debt committee memo being presented 6 days from now
— litquidity (@litcapital)
9:48 PM • Nov 26, 2024
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