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This Week’s Market Forecast… 📊

Last week, the focus was on the November Jobs Report and Bitcoin’s rise to $100k. The Jobs Report showed an increase of 227,000 jobs, higher than the expected 220,000. However, the unemployment rate rose from 4.1% to 4.2%.

The market reacted positively to the report, as it highlighted a strong labor market. By the end of the week, the market was up around 1%, reaching an all-time high of 6,090 on Friday. This marks the 57th all-time high this year—one of the most in a single year in history.

Bitcoin also garnered significant attention as it finally broke through its resistance level and surpassed $100k. On Wednesday, President Trump nominated pro-crypto advocate Paul Atkins as the next SEC chair, which spurred Bitcoin's surge. Additionally, there has been increasing discussion about Bitcoin adoption by major American companies, such as Microsoft and Amazon.

This week, the focus shifts to CPI and PPI reports. CPI is set to release on Wednesday, followed by PPI on Thursday, offering valuable insights into inflation and its potential trends.

These two inflation reports will be the final pieces of economic data before next week’s Fed meeting. The Fed is now widely expected to cut rates in December. However, if inflation data comes in hotter than anticipated, that narrative could change.

Earnings season is winding down, with few major reports scheduled this week. The most closely watched releases will be Oracle and Costco. Oracle reports after the close on Monday, while Costco reports after the close on Thursday. Both stocks have had exceptional years, with Oracle up 84% and Costco up 52% year-to-date.

🚨Top Stocks on our Radar…

Costco is experiencing one of its best years in history as consumers increasingly focus on healthy bulk groceries. Costco has rallied 52% this year alone, reaching multiple all-time highs. $COST reports earnings Thursday after the close.

Tune in every Monday and Friday for in-depth Market Analysis, Recaps, and a featured Stock & ETF.

Thanks for reading and have a great week!

-Ryan

@Theinvestingauthority