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This Week’s Market Recap… 📊

Happy Thanksgiving!!

I hope you had a wonderful time with your family and friends yesterday. Thanksgiving is a wonderful opportunity to recognize what we are thankful for and show our true gratitude to others.

This week has been pretty slow as most were focused on Thanksgiving Thursday. The market is basically unchanged since Monday, and probably will not have much action on Friday.

The main economic data point we got this week was the Fed’s preferred gauge for inflation, PCE. PCE came in as expected and showed that inflation was at the lowest level since March of 2021.

As economic data continues to come in and Fed Presidents continue to speak, I am leaning towards a no cut for the Fed’s December meeting. I believe the Fed will pause in December, and I personally believe this is the right decision.

The other event driving the market was President Elect Trump’s proposed tariffs. He proposed a 25% tariff on all imports from Canada and an additional 10% tariff on imports from China. The market digested this news pretty well, and the dollar strengthened.

Top ETFs on our Radar… 📈

The Ark Innovation ETF is one of Cathie Wood’s top funds. $ARKK did exceptionally well in 2020, but then suffered a massive decline from 2021 to 2023. However, in the last month since Trump got elected, it is up 18%. People believe that the new administration will promote innovation and have less regulation.

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