Stocks experienced a sharp selloff on Monday after renewed tariff threats related to Greenland unsettled investors. As the week progressed, markets steadied and rebounded once those threats—along with talk of potential military action—were walked back, helping restore confidence.
By Friday, major market indices finished the week higher, led by strong gains in emerging markets. Interest in emerging markets and precious metals continues to build as investors diversify away from U.S. equities and 10-year Treasuries, seeking broader exposure amid ongoing geopolitical and policy uncertainty.
Treasury Yields
- 30-year Treasury: 4.831% (lower)
- 10-year Treasury: 4.237% (higher)
Mortgage Rates
- Average 30-year fixed (Freddie Mac): 6.09% (higher)
Commodities & Currency
- Crude oil: $61.14 per barrel (higher)
- Natural gas: $3.613 (sharply higher)
- U.S. dollar index: 97.52 (sharply lower)
- Gold: $4,982.80 per ounce (sharply higher)
- Silver $102.98 per ounce (sharply higher)
Commerce Department
Construction Spending – October, Delayed (Seasonally Adjusted)
- +0.5% Month
- -1.0% from last October
3rd Quarter Gross Domestic Product – Delayed, Revised from 4.3% to 4.4% annualized
Personal Income and Related Measures (October/November)
|
[Percent Change From Preceding Month] |
||||
|
|
October |
November |
||
|
Current-dollar personal income |
0.1 |
0.3 |
||
|
Current-dollar disposable personal income |
0.1 |
0.3 |
||
|
Real disposable personal income |
-0.1 |
0.1 |
||
|
Current-dollar personal consumption expenditures (PCE) |
0.5 |
0.5 |
||
|
Real PCE |
0.3 |
0.3 |
||
|
PCE price index |
0.2 |
0.2 |
||
|
PCE price index, excluding food and energy (FED’s preferred measure) |
0.2 |
0.2 |
||
Labor Department
Jobless Claims (prior week)
- New Claims 200,000 (higher)
- 4-week Moving Average 201,500 (lower)
- Total Claims 1,849,000 (lower)
Energy & Industry Data
Energy Information Administration
- Weekly Oil Production 13.732million barrels (decrease)
- Natural Gas Storage – 120 billion CuFt > highest level for this time of year in the past 5 years.
Baker Hughes Rig Count
- Oil rigs: +1 to 411
- Gas rigs: unchanged at 122
Q4 Corporate Earnings
- With 13% of S&P 500 companies reporting the blended earnings growth rate year over year is 8.2%.
If you have questions about the markets or your financial plan, we’re always here to help.
Loren Rex – Emeritus
Erik A Smith, AIF® – President & C.E.O.
Nicholas Acri, CFP® – Partner & Wealth Advisor
Dylan Thomas, CFP® – Partner & Wealth Advisor
Jack Zeeb – Wealth Advisor
These are the opinions of Loren Rex and Erik Smith and are not necessarily those of Cambridge, are for informational purposes only, and should not be construed or acted upon as individualized investment advice. The Indices mentioned are unmanaged and cannot be invested into directly. The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange (more than 2500 stocks).
Sources:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W
https://ir.eia.gov/ngs/ngs.html
https://www.freddiemac.com/pmms
https://www.wsj.com/market-data?mod=nav_top_subsection
https://bakerhughesrigcount.gcs-web.com/na-rig-count
