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Monday Market Open
Dear Winner,
Fuck me, it’s been one hell of a weekend. Thanksgiving weekends are always big, but this one was on another level.
But don’t worry, after some great pain and strife I’ve been able to put this together for you.
So that if like me, you don’t really remember much after Thursday last week, you at least know what the fuck is coming up this week.
With me, you’re set. Enjoy bro.
Market Indices & Commodities
| Gold | $2,641.43 | -0.35% |
| Copper | $4.06 | -0.61% |
| Silver | $30.38 | -0.81% |
| NASDAQ | $19,384.64 | +0.86% |
| S&P 500 | $6,039.19 | +0.11% |
| TSX | $25,532.42 | -0.45% |
| CSE Comp | $142.04 | -0.67% |
News
The Recap
If your weekend was anything like mine, you won’t remember fuck all from last week, but I got you. Here’s a lil recap:
Trudeau meets with Trump at Mar-a-Lago 🤝
Trump picks TV’s Dr Oz to lead Medicare and Medicaid 🏥
Black Friday hits a record $74.4 billion in sales (+5% from last year)🧾
Joe Biden pardons his son Hunter’s gun and tax charges 📝
Australia passes social media ban for under 16s 📱
Graph of the Day
Online Shopping on Important Days Like Cyber Monday and Black Friday Will Increase
News
This week
Another sparse week of earnings and econ data due to the recent holidays. Enjoy em boys.
Monday - Jack shit. Enjoy Cyber Monday (and Eurozone unemployment rate data).
Tuesday - Salesforce ($CRM) earnings.
Wednesday - Royal Bank of Canada ($RY) and Foot Locker ($FL) earnings announced.
Thursday - Canadian Solar ($CSIQ), Lululemon ($LULU) and GitLab ($GTLB) all release their earnings.
Friday - Genesco ($GCO) earnings.
Now You Know
Slowing Economic Momentum For 2024?
That one dude in the Vision Pros
Right, given most of us have just come out of a 3 day bender, it’s time to get serious.
Let’s talk about the future of the US economy for 2025.
The US economy is entering 2025 on a more cautious footing after a better than expected performance in 2024, where real GDP grew by 2.8%.
By mid-2025, the Federal Reserve is expected to begin lowering interest rates after keeping them up high at about 5.5%. This will be good for growth as it boosts borrowing and investment which will increase spending for both businesses and consumers.
Trump’s promise of tariffs, so far on China, Canada and Mexico have created uncertainties. And as we all know, uncertainties are rarely ever good for the economy. Both domestic and international trade markets will become more volatile in 2025 as a result.
Meanwhile over the pond in Europe, growth is expected to be slow again in 2025. Even though inflation is easing, high interest rates and fiscal consolidation are expected to limit growth. The expected rate cuts in 2025 will be good for growth though.
It seems as though steady growth, thanks to solid employment data and easing inflation and interest rates will continue into 2025. Under Trump though, who knows…
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Thank You
That’s all Folks
Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.
Cheers,