Hello team,
The market was very volatile yesterday, and a lot of stocks news are due to be released today ๐จ
๐ถWednesday: Q3 GDP, Jobless Claims, PCE Inflation; Fed FOMC Minutesโ ๏ธ
๐ถThursday: Thanksgiving - U.S. Markets Closed
๐ถFriday: Black Friday; U.S. Markets Close At 1PM
Equity futures pointed to a weak open in Europe as traders digested Donald Trumpโs latest cabinet appointments, a day after his tariff threats roiled global markets.
Worries over the possibility of a contested election dissipated following President-elect Donald Trumpโs victory earlier this month, helping the S&P 500 (.SPX), climb to an all-time high.
Risk came to the fore late on Monday, when Trump pledged big tariffs on Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars.
Though U.S. stocks largely shrugged off the comments, Trumpโs broadside evoked flashbacks to the trade-fueled market swings that took place during his first term, bolstering the case for portfolio hedging.
I'm taking the opportunity to finalize other tasks! Patience is also a part of trading!
See you in the afternoon for more analysis!
Be careful on the markets!