US stock indices paused this week as markets focused their attention towards the Fed’s year-end meeting. The week saw important data releases in CPI, PPI and jobless claims. Specific stocks like Broadcom, Adobe & Tesla saw sizeable movement. Oil prices rose amid potential US sanctions on Russian oil and hopes for stronger energy demand.
Month: December 2024
Weekly Newsletter – 6th December , 2024
A tech rally boosted major US indices to new highs in a week that was dominated by political news. The November jobs data was not too distant from expectations, reinforcing investor optimism that the Federal Reserve will cut interest rates in December. Oil prices fell amid concerns over weak demand. Indian and Japanese stocks saw gains, driven by shifts in foreign investor sentiment and comments from the Bank of Japan.
Actionable Insight – November
US stocks continue to deliver very strong performance, recently buoyed by data indicating a strong economy as well as optimism around initiatives announced by the incoming administration in the US. Sentiment is strongly and almost unanimously bullish. We take a somewhat more nuanced view and advise investors to remain diversified and focused on quality.