Wesley Nolte @Wesl3y: "𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 (𝗗𝗲𝗰 𝟰, 𝟮𝟬𝟮𝟱) Markets..."

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 (𝗗𝗲𝗰 𝟰, 𝟮𝟬𝟮𝟱) Markets wobbled early in the week on a crypto selloff and rate-cut uncertainty, but steadied by Wednesday. The $SPX500 is a touch off its ATH, and $NSDQ100 is ~2% down from its recent ATH. This week, private payrolls dropped unexpectedly with a loss of 32,000 jobs in November vs estimates for a 40,000 gain. Paradoxically, traders took this as dovish and the probability of a December rate cut jumped to roughly 88% (was below 40% just weeks ago). 𝙇𝙤𝙤𝙠𝙞𝙣𝙜 𝙖𝙝𝙚𝙖𝙙 We’ll get the jobs report on Friday (influences rate decisions), and the Fed meeting on 9-10 December (the Rate Decision). The AI bubble concerns persist – $NVDA (NVIDIA Corporation) and $META (Meta Platforms Inc) were both down in November despite strong fundamentals, as investors question valuations. $GOOG (Alphabet) bucked the trend though (I mentioned the reasons for this in a previous post), and is now up ~68% YTD. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙪𝙥𝙙𝙖𝙩𝙚𝙨 I’ve started accumulating Accenture stock. $ACN (Accenture Plc) is up sharply this week on the OpenAI partnership announcement. The stock's still -30% off its highs despite solid fundamentals. The selloff earlier this year was triggered by weak guidance because of e.g. reduced government spending, economic uncertainty causing companies to dial back outside help. These factors are priced in now, and the Accenture behemoth has some positive catalysts on the horizon. 𝙊𝙫𝙚𝙧𝙫𝙞𝙚𝙬 The markets feel stretched but not euphoric. I’m staying invested but continue to hold a large number of low-volatility assets that will participate in the bull run, and provide a cushion if there’s market turmoil.