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Blackrock’s spot bitcoin ETF has so far seen $2.2 billion worth of outflows in November as its underlying crypto continues to crater.

Flight delays and cancellations piled up in recent days as air traffic controller staffing shortages worsen in the government shutdown.

The AUDUSD is moving higher today, supported by risk-on sentiment—the Nasdaq is up over 360 points—and optimism surrounding improving U.S.–China trade relations (at least for now). From a technical perspective, the pair showed resilience on Friday, holding firm near recent swing lows even as stocks weakened earlier in the session, setting a solid foundation for today’s rebound.

In early Asian trading, the pair opened near the 100-hour moving average around 0.6496, where buyers quickly stepped in to drive the price higher. The advance pushed the pair through a series of key resistance levels, including the 0.6500–0.6504 swing zone, Thursday’s 0.6518 ceiling, and another swing area near 0.6524, which aligned with the 200-hour moving average. The rally extended to test the 200-day moving average at 0.6538, where sellers have twice capped further gains heading into the U.S. session.

For buyers to maintain control and extend the upside momentum, a break and hold above the 200-day moving average will be crucial. Conversely, failure to clear that level could see profit-taking and a return toward the 200-hour MA near 0.6525 as near-term support.

This article was written by Greg Michalowski at investinglive.com.

• Labor market has cooled in an orderly way
• Consumer balance sheets are ok
• Companies say labor market has softened a little, things look reasonably ok
• Took notice of layoff announcements but at same time unemployment insurance claims were stable

I haven’t seen any private sector economists tallying until initial jobless claims but there are Fed officials noting that state-level unemployment claims are still being published and they can synthesize initial jobless claims from those. Their comments are all like Musalem’s who say they’ve been stable.

This article was written by Adam Button at investinglive.com.

The U.S. stock market today displayed significant momentum, most notably in the technology and consumer cyclical sectors. Investors are witnessing a buoyant trading day driven by advancements in these key areas, significantly shaping the market dynamics.

📊 Sector Overview: Technology Leads with Semiconductor Surge

• Semiconductors: The semiconductor sector is exhibiting robust growth, with major players like Nvidia (NVDA) and Micron Technology (MU) making impressive gains of 3.48% and 5.40%, respectively. Broadcom (AVGO) also contributed to the strength within this sector with a 2.80% rise. This uptick reflects strong demand and potentially positive projections for the industry.
• Technology and Consumer Electronics: The technology sector, particularly software infrastructure, has shown resilience. Microsoft (MSFT) and Oracle (ORCL) climbed 0.65% and 2.27% respectively, underpinning investor confidence in tech’s continued growth path. In consumer electronics, Apple (AAPL) saw a moderate rise of 0.61%, indicating sustained interest in tech gadgets and innovation.
• Consumer Cyclical: Big names such as Amazon (AMZN) and Tesla (TSLA) witnessed gains of 1.98% and 2.98%. This strength suggests a resurgence in consumer spending, bolstered by upbeat earnings reports and robust retail performance.

🌐 Market Mood and Trends: Optimism Abounds

Todays’ market sentiment is largely optimistic, driven by solid earnings and favorable economic outlooks. The enthusiasm around technology and consumer cyclical sectors highlights investor confidence in recovery and growth narratives. Additionally, the steadiness in sectors such as financials, with JPMorgan (JPM) up by 0.88%, further supports a broad-based positive sentiment.

🔍 Strategic Recommendations

• Explore Growth in Semiconductors: With semiconductors showing clear strength, investors might consider increasing exposure to this sector to capture potential upside, especially amid recent industry innovations and trends.
• Watch Tech and Consumer Stocks: The consistent performance of tech and consumer giants suggests potential for continued upside. Allocating resources here could be beneficial, especially given their significant market roles.
• Balanced Diversification: While optimism is high, it’s prudent to maintain diversification. Balanced exposure across other sectors like financials and healthcare can hedge against any sector-specific downturns.

The current market dynamics emphasize the importance of staying informed and agile. For continuous insights, reports, and strategic guidance, visit InvestingLive.com and keep abreast of all the significant market movements.

This article was written by Itai Levitan at investinglive.com.

Mark Cuban and fellow entrepreneur Emma Grede are ambassadors for a Samsung initiative providing free AI training resources to public schools across the U.S.

US stock futures are substantially higher today with S&P 500 futures up 0.9% and all the headlines around the gain are about the US government shutdown ending. Yes, it’s good news but the market never really sold off on the shutdown and it was obviously in the endgame when flight started being cancelled.

You can argue some political tailrisks were trimmed like ending the filibuster but I don’t think that was a real risk anyway.

What I think can lead to an extended rally in stocks is the way the shutdown ended. Democrats in the Senate folded. There is some real nuance but at the end of the day, the party divided. With the election in New York and that, it’s a party that doesn’t really stand for anything besides being anti-Trump. That’s ironic given that the Republican Party doesn’t stand for much aside from being pro-Trump.

The thing is, Trump’s defining feature in the eyes of the market is that he needs the constant validation of a rising stock market. He measures himself based on equity prices and constantly touts record highs.

Said differently, the divide in the Democratic Party means we’re more likely to see Republicans hold the majorities in the Senate/House and that’s good for stocks. That sweep stance is also good for gold as it means the fiscal recklessness is likely to continue.

This article was written by Adam Button at investinglive.com.

In the happiest and most successful relationships, each partner believes that the other will follow through on their commitments. Harvard-trained psychologist Dr. Cortney Warren shares the phrases that couples who truly trust each other never say.

Over the next decade, the joint venture aims to more than double Burger King’s footprint in China.

The USDCAD moved lower on Friday, driven by a stronger-than-expected Canadian jobs report. Employment surged by 66.6K (vs. -5K expected) while the unemployment rate fell to 6.9% from 7.1%, giving the Canadian dollar a boost. The pair dropped to test the 200-hour moving average (green line), fluctuating around that level into the close as traders booked profits near 1.4038 after the midweek highs near 1.4140.

In early Monday trading, the pair attempted to push higher during the Asian session, but momentum quickly faded, sending the price back below the 200-hour MA and shifting bias back to the sellers. The decline extended through the 50% midpoint of the October–November rise at 1.40135, before finding buyers near 1.4000, a key psychological and swing-area support (with resistance at 1.4007).

Going forward, a break below 1.4000 would be a bearish signal, likely triggering further downside momentum toward the next key support zone between 1.3968 and 1.3975. Staying above 1.4000, however, keeps the pair in a consolidative mode with traders eyeing the 200-hour MA as the near-term pivot for directional bias (at 1.4043).

This article was written by Greg Michalowski at investinglive.com.