Ombretta De Marco
MARKET UPDATE: SIGNS OF STRENGTH RETURN Sentiment improves as markets start pricing in a December rate cut This week, the stock market finally showed signs of recovery after weeks of uncertainty. The catalyst? A sharp shift in expectations around interest rate cuts: from unlikely… to increasingly probable. The CME FedWatch tool confirms it: • Thursday: ~83% probability of a rate cut • Friday: close to 90% A jump that immediately reignited momentum across U.S., European, and Asian markets. 🇺🇸 U.S. Markets React Both the NYSE and the Nasdaq ended the week in positive territory, regaining part of the ground lost earlier in November. • The $NSDQ100 and $DJ30 climbed several percentage points. • The $SPX500 moved from 6,598 points (Nov 21) to 6,849 points (Nov 28). Sentiment improved as the market began pricing in a Federal Reserve that might turn less restrictive as early as December. The “soft landing” narrative is back on the table. 🤖 Tech & AI: Bright Spots and Weaknesses The tech sector remains the most sensitive to Fed policy, and recent price action reflects that. • $NVDA steady around $177 but still in a descending trend • $AMD recovering toward $218 • $INTC climbing back to the $40 level • $AVGO trading near its All-Time High Not a uniform recovery, but the past week brought much-needed relief after November’s correction. ⚠️ A Notable Anomaly On Friday, the CME experienced a technical issue that temporarily disrupted the U.S. derivatives market. The result: halted trading, missing price updates, and pockets of extra volatility. The situation was resolved after a few hours, but the disruption left its mark on the trading day. 🧭 What It Means for Investors • The market is now pricing in a December rate cut, • Sentiment is improving, but the recovery isn’t complete, • Tech remains selective and highly sensitive to the broader AI narrative, • Any macro surprise (CPI, payrolls, FOMC) could shift the picture quickly. In short: a more constructive phase, but still a fragile one. Optimism is back, but markets are watching the Fed very closely.
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