-
Trump’s bathroom update follows his major makeover of the Oval Office, and the demolition of the White House East Wing, to be replaced by a large ballroom.
-
Trump says he would love to get rid of the extra 10% tariff on China
On Air Force One, Trump said he would love to get rid of the remaining 10% fentanyl tariff on China.
At this rate, China is going to have the lowest tariffs in the world.
Also:
- Says there are no strikes on Venezuela
I wonder if that leak to the Miami Herald was just to see what kind of alarms it raised or to flush something out in terms of intelligence.
- Says he will not restart negotiations with Canada
This article was written by Adam Button at investinglive.com.
-
AUDUSD Technicals.The key levels “in play” are defined for the AUDUSD. Watch and find out.
The AUDUSD moved higher early in the week, but the Fed’s less-dovish tone turned the tide — sending the AUD lower and the USD broadly higher. Stocks slipped and yields rose in response to the more hawkish message from Chair Powell. That helped the push lower as well.
Still, the downside move has found support near the 200-hour and 100-day moving averages, both converging around 0.65366. That confluence gives traders a clear risk-defining level, and buyers have stepped in to defend it. With risk contained below, “buyers are in play.”
The next upside targets sit first at the day’s high, and more importantly, the 100-hour MA at 0.65684 — a level broken to the downside yesterday and now acting as a key barrier. A move above it would shift momentum back in favor of the bulls.
If buyers can’t hold the line and price slips below the converged MAs, however, the bullish case fades and downside pressure returns.
Bottom line: The AUDUSD sits at a key crossroads — buyers have a defined shot from support, but they have work to do to wrestle full control. If they cannot do it, and the price falls below the dual MAs below, that bias will shift fully in favor of the sellers.
This article was written by Greg Michalowski at investinglive.com.
-
Why the Fed’s Schmid is right to cite financial conditions as a reason to pause rate cuts
A surprise in this week’s Fed decision was a hawkish dissent from Kansas City Fed President Schmid, who didn’t want to hike rates. In his published comments today regarding the dissent, one of the things he highlighted was the tailwind from ‘financial conditions’. That’s a code phrase from the Fed that mostly means ‘the stock market’ and what he’s saying is that rising stock prices will boost growth, or at least signal that the Fed isn’t leaning too hard on the brakes.
An index published by Goldman
Sachs shows that broader financial conditions are currently the most accommodative they have been in three-and-a-half years and that they’ve only been looser twice since 1990 (ex pandemic).National Bank notes that in other loose periods in 1999 and 2018, the Fed was tightening and now it’s doing the opposite.
A model developed by the Fed suggests that, at their current level, financial conditions
could add as much as 1% to growth over the next twelve months. That’s all well and good, but when you add to these figures the
anticipated effect of the three other elements covered in recent days (AI investment, the wealth effect, and fiscal policy), there is
reason to fear that the economy could overheat in 2026. (Keep in mind, we haven’t even mentioned the supply shock that could be
caused by tariffs and the reduction in the labour supply due to stricter immigration policies.) This is certainly a risk that is increasingly
on our minds.This article was written by Adam Button at investinglive.com.
-
Consumer cyclical rocket: Amazon leads a bullish charge while Google faces headwinds
Sector Overview
Today’s stock market heatmap reveals a compelling narrative unfolding across sectors, with the consumer cyclical sector skyrocketing, led by an impressive surge from Amazon (AMZN), up a remarkable 10.38%. This rally highlights a robust recovery in retail demand and investor optimism in online shopping trends. Tesla (TSLA) also shone brightly, rising 3.36%, signaling positive sentiment in the auto manufacturing space.
Conversely, the technology sector painted a more mixed picture. While Nvidia (NVDA) saw a positive climb of 1.36% within the semiconductor group, indicating investor confidence in its future prospects, giants like Microsoft (MSFT) and Google (GOOG) fell by 1.46% and 1.13% respectively, pointing to sector rotation and profit-taking hitting these heavyweights.
Market Mood and Trends
The broader market sentiment remains cautious, with investors juggling between chasing high-growth opportunities in consumer cyclicals and securing profit in established tech stalwarts. The mixed performance suggests an underlying anxiety about inflationary pressures and interest rate implications, driving a selective enthusiasm.
Healthcare’s ABBV dropped significantly by 4.22%, potentially due to sector rotation or disappointing news impacting medical stocks.
Strategic Recommendations
In light of today’s trends, investors may consider bolstering their portfolios with consumer cyclical stocks, which show promising growth potential amid shifting consumer behaviors. Paying attention to retail giants and auto manufacturers could offer rewarding opportunities.
Meanwhile, it’s advisable to adopt a wary stance on tech stocks like Google and Microsoft, where current weakness could either be a temporary setback or a signal to recalibrate exposure. Keeping an eye on upcoming economic data and industry reports will be crucial for timely investment decisions.
Investors should explore strategies to protect against potential tech volatility by diversifying across resilient sectors such as consumer cyclicals or even cautiously eyeing financials, where some banks like JPMorgan (JPM) showed moderate gains.
For those seeking in-depth analyses and daily market updates, visit InvestingLive.com to stay ahead of market curves and enhance your investment strategies.
This article was written by Itai Levitan at investinglive.com.
-
Where the Nexperia auto chip crisis stands now as the U.S., China and EU race to contain fallout
The Nexperia crisis is still threatening vehicle production worldwide. -
Week in review: The Fed lowered interest rates, 2 portfolio stocks hit milestones
Corporate earnings, the Fed’s latest rate decision, and trade developments caused the S&P 500 and Nasdaq to swing from all-time highs to losses. -
Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy
In August, Evolve hired Hartheimer, who brought experience in financial regulatory matters, to help the bank recover from the collapse of startup Synapse. -
OPEC+ agrees to raise output by 137K bpd, as expected
OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month.
This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t expected.
WTI crude oil finished Friday at $60.98/barrel.
This article was written by Adam Button at investinglive.com.
-
While SNAP battle leaves Americans fearing hunger, near $400 billion in food at risk of waste every year
As the political battle over food stamps leave millions of Americans fearing hunger, the U.S. is wasting up to an estimated $382 billion a year in food.
End of content
End of content
