Greetings,
The United States: Economists now anticipate a very low November core PCE inflation reading, the Fed’s preferred measure. Both Nomura and Pantheon Macroeconomics project a 0.13% increase.
The United Kingdom: Are markets underestimating the extent of BoE rate cuts expected next year?
China: Lending growth and fixed-asset investments remain weak, although additional stimulus could provide some relief.
Cryptocurrency: Highlighting the speculative frenzy in the crypto market, Fartcoin’s market cap surged to $700 million, surpassing that of a number of US public companies.
Equities: Here is the percentage of S&P 500 members trading above their 200-day moving average.
Credit: Leveraged loan funds continue to see inflows.
Food for Thought: 401-k millionaires at Fidelity:
Edited by Josh Oldmixon
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