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La economía de EE.UU. crece un 3% en el segundo trimestre, impulsando al dólar y las tecnológicas. Descubre cómo los mercados reaccionaron.

La sorprendente revisión del PIB de EE.UU. impulsa al dólar y a las tecnológicas

Jerome Powell anuncia un ajuste en la política monetaria de la Fed, abriendo la puerta a posibles recortes de tasas de interés.

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Federal Reserve Chair Jerome Powell's unexpectedly hawkish remarks on Thursday sent markets into a tailspin. Major U.S. equity indices closed in the red, and the dollar soared for <a href="https://www.benzinga.com/topic/interest-rates">a fifth consecutive session</a>.
In a speech to Dallas business leaders, Powell highlighted the remarkable strength of the U.S. economy, indicating that there's no need for the Fed to &#8220;be in a hurry to lower rates.&#8221;
He reiterated the central bank's commitment to reaching its 2% inflation target, stressing the need for careful decision-making as inflation remains above desired levels.
He highlighted productivity gains, which he said have &#8220;grown faster over the past five years than at any point in the two decades preceding the pandemic,&#8221; positioning the U.S. economy as &#8220;the best-performing among major economies.&#8221;
Addressing the October <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41971830/producer-inflation-rises-more-than-expected-in-october-should-traders-rethink-interest-rate-cut-path">producer price index (PPI) uptick</a>, Powell labeled it &#8220;more than an upward bump&#8221; but maintained confidence in the trajectory toward the 2% inflation goal.
<h3 class="wp-block-heading">Markets Reassess Interest Rate Path: Traders Are Less Confident On A December Cut</h3>
Powell&#8217;s comments impacted the interest-rate market, with fed futures now reflecting a reduced likelihood of a 25-basis-point cut in December. 
The CME FedWatch tool shows the odds of such a move dropped to 58%, sharply down from around 80% earlier in the day.
The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), closed down 0.6%, fully erasing gains from last week&#8217;s rate cut. Energy was the only sector in positive territory, rising 0.4%, while industrials and health care led declines, each down 0.7%.
Top performers in the S&amp;P 500 included Tapestry Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), Wynn Resorts Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which rose 12.8%, 8.7%, and 7.2%, respectively. Among the laggards were Leidos Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), down 13.6% and 11.4%, respectively.
Tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), declined 0.7%, marking a fourth consecutive loss. Blue chips followed by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) slipped 0.5%, while small caps in the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) underperformed, falling 1.3%.
The dollar continued to attract liquidity, with the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) logging a fifth consecutive gain, reaching levels last seen in late October 2023.
Treasury yields also rose, with the 10-year yield closing at 4.46%. Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), marked its fifth straight loss.
In crypto markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 1.7% lower in the past 24 hours to $88,013 at 5:21 p.m. ET, on track for its worst day in November.
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41984852/trumps-red-wave-pushes-emerging-market-stocks-to-2-month-lows-volatility-expected-to-remain-elevated">Trump&#8217;s Red Wave Pushes Emerging Market Stocks To 2-Month Lows: Volatility &#8216;Expected To Remain Elevated&#8217; </a></li>
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Powell's Hawkish Remarks Shake Markets: Stocks Fall, Dollar Rockets, Bitcoin Dips

On Wednesday, November 13th, U.S. markets ended mixed. The Dow and S&amp;P 500 edged higher while the Nasdaq dipped. October CPI data met expectations, supporting bets on a December Fed rate cut. Core CPI rose 0.3%. Consumer discretionary stocks gained, driven by optimism over potential rate cuts.
According to economic data, the annual U.S. inflation rate increased to 2.6% in October, up from 2.4% in September, matching market expectations. The consumer price index (CPI) climbed 0.2% on a monthly basis in October.
Consumer discretionary, energy and real estate led S&amp;P 500 gains Wednesday, while tech and communication services stocks declined.
The Dow Jones Industrial Average was up 0.11% and closed at 43,958.19, the S&amp;P 500 rose 0.02% to 5,985.38, and the Nasdaq Composite declined 0.26% to finish at 19,230.72.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.61% and ended the session at 38,504.00, led by losses in the Precision Instruments, Automobiles &amp; Parts, and Power sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.37% and ended the day at 8,224.00, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.02% at 23,555.50, and Nifty 500 was up 0.30% at 21,981.65, led by losses in the Fast Moving Consumer Goods, Healthcare, and Public Sector Undertakings sectors.</li>
<li>China&#8217;s Shanghai Composite declined 1.73% to close at 3,379.84, and the Shenzhen CSI 300 fell 1.73%, finishing the day at 4,039.62.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 1.96% and closed the session at 19,435.81.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.27%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.86%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.20%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.18% at $68.55/bbl, and Brent was up 0.19% at $72.44/bbl.</li>
<li>Oil prices steadied as a strong U.S. dollar and rising U.S. Treasury yields pressured the market.</li>
<li>Natural Gas declined 1.24% to $2.946.</li>
<li>Gold was trading lower by 1.43% at $2,549.60, Silver declined 2.42% to $29.922, and Copper slipped 1.83% to $4.0088.</li>
<li>Gold fell to a two-month low as a stronger dollar and sticky U.S. inflation data weighed on prices. Copper hit a three-month low on weak Chinese stimulus and tariff concerns.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures increased 0.13%, S&amp;P 500 futures up 0.10% and Nasdaq 100 futures rose 0.08%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index gained 0.52% to 107.03, the USD/JPY rose 0.45% to 156.16, and the USD/AUD rose 0.40% to 1.5481.</li>
<li>The U.S. dollar reached a one-year high, driven by inflation data and Trump&#8217;s election win. Yen neared intervention levels as USD/JPY surged.</li>
</ul>
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Dollar Hits One-Year High; China Falls, Gold Hits Two-Month Low - Global Markets Today While US Slept

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-13_08h38_15.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Extreme Sentiment</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-inflation-data-cpi-government-efficiency-tlt-mc-11132024">click here</a> for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>In The Arora Report analysis, bonds have the potential to spoil the stock market's party.&nbsp; Prudent investors need to keep an eye on bonds.&nbsp;&nbsp;</li>
<li>The chart shows that yields are pulling back in the early trade after the release of the Consumer Price Index.</li>
<li>The chart shows that on Trump's win, TLT approached the high band of the support zone.</li>
<li>The chart shows that the momo crowd ran TLT up back into the bottom resistance zone.</li>
<li>The chart shows that TLT failed to breakout above the bottom resistance zone and has now pulled back below the bottom band of the resistance zone.</li>
<li>The chart shows two spot on Arora calls:
<ul>
<li>Contrary Arora call that bonds will fall when the Fed cut rates. This call was made at a time when everyone was buying bonds.</li>
<li>Arora call on the impact of the election on bonds</li>
</ul>
</li>
<li>Inflation data came inline with consensus. &nbsp;Here are the details:
<ul>
<li>Headline CPI came at 0.2% vs. 0.2% consensus.</li>
<li>Core CPI came at 0.3% vs. 0.3% consensus.</li>
</ul>
</li>
<li>In The Arora Report analysis, prudent investors should pay attention to the fact that the 0.3% core inflation rate is 3.6% annualized.&nbsp; The Fed's stated target is 2%.&nbsp;&nbsp;</li>
<li>The extreme positive sentiment is evident from the following this morning in the early trade:
<ul>
<li>Bonds rose and yields fell on inflation data.</li>
<li>Stock futures were lower prior to the data. Aggressive buying came into stocks after the data.&nbsp; Buying is aggressive in Trump linked stocks such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).</li>
<li>&nbsp;Bitcoin was pulling back before CPI was released.&nbsp; Aggressive buying came in after the release of the data.</li>
<li>None of the foregoing would make sense based on the data alone, but Wall Street's thinking is that the Fed will be under pressure from Trump to cut rates in December – the fact that the data does not support a rate cut does not matter because of the political pressure.</li>
</ul>
</li>
<li>Momo gurus are already out with a new reason to buy stocks – inflation was hot but not worse than expected.</li>
<li>Trump has announced that Musk and Ramaswamy will head the Department of Government Efficiency (DOGE).&nbsp; On a lighter note, Doge is the crypto coin that was developed as a joke and subsequently championed by Musk.&nbsp; An indication of extreme sentiment is that the joke coin is now worth more than Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).&nbsp; On a serious note, if Musk is truly able to cut $2T out of the federal budget, expect a recession and a 20% &#8211; 40% drop in the stock market.&nbsp; In The Arora Report analysis, the primary driving force behind this stock market rise is the excess money in the system.&nbsp;&nbsp;</li>
<li>Initial jobless claims and Producer Price Index will be released tomorrow at 8:30am ET and maybe market moving.</li>
</ul>
<h3 class="wp-block-heading">China</h3>
There is a sigh of relief in Chinese and Asian markets in that even though Trump is appointing China hawks, he has not appointed extreme China hawks so far.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and TSLA.
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing aggressive buying.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Buying In Stocks On Inflation Data, Musk And Ramaswamy Doge

Benzinga Market Summary: CPI Falls In Line With Estimates, Chip Stocks Pull Back, Gold Continues Lower As US Dollar Rises

Investors can breathe a sigh of relief as October inflation data met economists&#8217; expectations, though the annual headline rate showed a slight uptick <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41938762/october-inflation-rate-rises-to-2-6-as-expected-december-interest-rate-cut-remains-uncertain">from the previous month.</a>
As anticipated, the Consumer Price Index (CPI) rose 2.6% year-over-year in October, marking an increase from September's 2.4% but snapping six straight months of declines.
Excluding food and energy, core inflation held steady at 3.3% for the third consecutive month, highlighting some stickiness in underlying price pressures that remain above the Fed&#8217;s 2% target.
In response to the data, speculators raised their expectations for an interest-rate cut, with increased bets on a 25-basis-point reduction in December. Market-implied probabilities now indicate a 79% likelihood of a December rate cut, up from 58% before the CPI report, as per the CME FedWatch tool.
Following the release, Minneapolis Fed President Neel Kashkari expressed optimism about inflation&#8217;s trajectory, stating on Bloomberg TV, &#8220;I have confidence inflation is headed in the right direction.&#8221; 
On Tuesday, Kashkari had flagged the risk of a rate pause in December if inflation data <a href="https://www.benzinga.com/news/econ-s/24/11/41919011/feds-kashkari-warns-of-december-interest-rate-pause-risk-surprises-to-the-upside">surprises to the upside. </a>
&#8220;I am not yet seeing a lot of upside inflation risks; the bigger risk is getting stuck,&#8221; he added on Wednesday. 
Markets reacted positively, with U.S. equity futures slightly rising, while Treasury yields and the dollar eased amid increased rate-cut expectations.
<h3 class="wp-block-heading">Market Reactions</h3>
<ul>
<li>The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), was 0.2% higher. </li>
<li>The Nasdaq 100, followed by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), inched 0.15% higher.</li>
<li>Small caps outperformed large-cap counterparts, as the iShares Russell 2000 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), rallied 1.1% minutes ahead the New York open.</li>
<li>Top-performing S&amp;P 500 stocks during the premarket trading were Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) and Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) up 5.7%, 4% and 3.7%, respectively. </li>
<li>Skyworks Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) and Bio-Techne Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>) were the laggards, down 6.7%, 4.1% and 2.8%, respectively. </li>
<li>Gold prices rose 0.3%, following three straight sessions of declines. </li>
<li>The U.S. dollar index (DXY) slightly eased 0.1%. </li>
<li>Treasury-linked ETFs rose, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) up by 0.7%. </li>
</ul>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135-1024x503.png" alt="" class="wp-image-645406" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135-1536x754.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092009/image-135.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Markets Breathe Sigh Of Relief After In-Line Inflation Data: Stocks Rebound As Small Caps, Bonds Soar

On Tuesday, November 12, U.S. markets ended lower as investors took profits after a post-election rally, anticipating upcoming inflation data. Worries over Trump&#8217;s inflationary policies, rising Treasury yields, and weak European markets intensified the decline.
According to economic data, U.S. consumer inflation expectations eased to 2.9% in October, down from 3% in the prior four months. The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2.
Most S&amp;P 500 sectors declined, led by materials, health care, and real estate, while tech and communication services rose against the trend.
The Dow Jones Industrial Average was down 0.86% and closed at 43,910.98, the S&amp;P 500 fell 0.29% to 5,984.00, and the Nasdaq Composite declined 0.09% to finish at 19,281.40.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 declined 1.55% and ended the session at 38,740.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.75% and ended the day at 8,193.40, led by losses in the Metals &amp; Mining, Financials and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.36% at 23,559.05, and the Nifty 500 was down 1.67% at 21,957.50, led by losses in the Real Estate, Capital Goods and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,439.28, and the Shenzhen CSI 300 rose 0.61%, finishing the day at 4,110.89.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 0.12% and closed the session at 19,823.45.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.08%.</li>
<li>Germany&#8217;s DAX gained0.12%.</li>
<li>France&#8217;s CAC rose0.10%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.12%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.88% at $68.70/bbl, and Brent was up 0.82% at $72.48/bbl.</li>
<li>Oil prices rose due to supply tightness but remained near two-week lows after OPEC cut its demand forecasts for 2024 and 2025, citing weakness in China.</li>
<li>Natural Gas declined 1.17% to $2.873.</li>
<li>Gold was trading higher by 0.33% at $2,615.40, Silver gained 0.92% to $31.040, and Copper slipped 0.07% to $4.1338.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures decreased 0.12%, S&amp;P 500 futures were down 0.15%, and Nasdaq 100 futures fell 0.15%.
Forex at 05:30 AM ET
The U.S. dollar index is up 0.02% to 105.97, the USD/JPY rose 0.22% to 154.94, and the USD/AUD rose 0.10% to 1.5321.
Image via Shutterstock

BOIL

Asia Markets Down, Europe Up, Dollar Makes 5-Month High - Global Markets Today While US Slept

<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-12_08h12_50.png" alt="" style="width:624px" /></figure>
To gain an edge, this is what you need to know today.
<h3 class="wp-block-heading">Incredible Gain</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-tesla-gains-trump-appointments-tsla-mc-11122024">click here </a>for an enlarged chart of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of TSLA stock is being used to illustrate the point.</li>
<li>The chart shows TSLA stock broke out on Trump's election.</li>
<li>As full disclosure, the chart shows the Arora buy signal that was given in the premarket after Trump's election.</li>
<li>The chart shows that TSLA stock hit the low band of the resistance zone.</li>
<li>The chart shows that this morning TSLA stock is backing off.&nbsp; This is an early indication that the Trump rally may be slowing.</li>
<li>Tesla's CEO Elon Musk spent $130M supporting Trump.&nbsp; Since Trump's election, TSLA stock has added $344B in market value.&nbsp; This is an incredible gain.&nbsp; There are additional gains in the private market value of Musk's SpaceX.</li>
<li>&nbsp;Wall Street believes that Musk's relationship with Trump will yield substantial gains for both Tesla and SpaceX.</li>
<li>As full disclosure, TSLA has been added to The Arora Report&#8217;s ZYX Buy Core Model Portfolio. &nbsp; The TSLA position is suitable for aggressive investors.&nbsp; Those who are not aggressive may consider a smaller quantity.</li>
<li>RSI on the chart shows that TSLA is overbought and may pullback.</li>
<li>In The Arora Report analysis, markets across the globe are now focused on Trump's appointments for key positions.&nbsp;&nbsp;
<ul>
<li>Trump appears to be picking China hawks.&nbsp; As a result, stocks in Hong Kong fell 2.8%.</li>
<li>Trump appears to be picking Iran hawks who are very pro-Israel.&nbsp; This is causing markets in Asia and Europe to fall.&nbsp; This is also bringing buying into oil and gold.&nbsp;</li>
<li>Trump appears to be picking deportation hawks.&nbsp; This is impacting markets in Mexico and South America.&nbsp;&nbsp;</li>
</ul>
</li>
<li>In The Arora Report analysis, the rally yesterday was driven primarily by retail investors after the weekend pump on social media.&nbsp; Prudent investors need to be careful that the gurus who pump on social media often dump into the rallies caused by their followers buying.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in TSLA.
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally is slowing as it approaches $90,000.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Musk Spends $130M – Tesla Gains $344B On Trump Election, Stock Market Focusing On Trump Appointments

On Monday, November 11th, U.S. markets closed higher, driven by stocks poised to benefit from Trump&#8217;s potential fiscal policies. Tesla surged, reaching a $1.1 trillion valuation, while crypto stocks rallied as Bitcoin hit a record $87,000. Traders are watching inflation data and potential Fed rate cuts closely.
Stocks approach year-end on strong gains, with the S&amp;P 500 up 26% YTD, boosted by AI optimism and Fed rate cuts. Traders await U.S. inflation data and Fed speakers, including Chair Powell, for insights on economic health and rate outlook.
Most S&amp;P 500 sectors rose, led by consumer discretionary, financials, and industrials, while tech and real estate stocks declined.
The Dow Jones Industrial Average was up 0.69% and closed at 44,293.13, the S&amp;P 500 rose 0.10% to 6,001.35, and the Nasdaq Composite gained 0.06% to finish at 19,298.76.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 declined 0.48% and ended the session at 39,350.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.13% and ended the day at 8,255.60, led by losses in the Gold, Energy and Resources sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.23% at 23,845.10, and Nifty 500 was down 1.33% at 22,290.05, led by losses in the Power, Public Sector Undertakings, and Capital Goods sectors.</li>
<li>China&#8217;s Shanghai Composite fell 1.39% to close at 3,421.97, and the Shenzhen CSI 300 slid 1.10%, finishing the day at 4,085.74.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 2.84% and closed the session at 19,846.88.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.88%.</li>
<li>Germany&#8217;s DAX declined 0.82%.</li>
<li>France&#8217;s CAC fell 1.16%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.95%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.91% at $68.65/bbl, and Brent was up 0.84% at $72.44/bbl.</li>
<li>Natural Gas declined 0.38% to $2.909.</li>
<li>Gold was trading lower by 0.60% at $2,602.00, Silver fell 0.63% to $30.422, and Copper slipped 1.87% to $4.1493</li>
</ul>
US Futures at 06:00 AM ET
Dow futures decreased 0.05%, S&amp;P 500 futures were down 0.16%, and Nasdaq 100 futures fell 0.15%.
Forex at 06:00 AM ET
<ul>
<li>The U.S. dollar index increased by 0.25% to 105.81, the USD/JPY rose by 0.16% to 153.95, and the USD/AUD rose by 0.47% to 1.5282.</li>
<li>The U.S. dollar hit a four-month high as investors bet on Trump&#8217;s pro-crypto and tariff-heavy agenda, lifting Bitcoin to a new peak.</li>
</ul>
Image via Shutterstock

Asia And Europe Markets Cool Off, Dollar Strengthens To 4-month High - Global Markets Today While US Slept

The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) witnessed its biggest weekly outflow in over two years driven by a post-election shift in sentiment following <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump's election victory. </a>
What Happened: The world's largest physically backed gold ETF just saw an outflow of $1 billion between Nov. 4 and Nov. 8, according to data from ETF.com. 
Investors appear to be cashing out of the safe-haven asset, banking on a strong dollar under a second Trump term.
The trend comes after gold hit a record high of $2,789 per ounce at the end of October — a level that marked a 35% year-to-date gain. That&#8217;s the metal's strongest performance since 1979.
The rally pulled back in recent days as gold prices fell 6%. November is now shaping up to be the worst month for gold since September 2023.
See Also: <a href="https://www.benzinga.com/markets/bonds/24/11/41887642/bond-etfs-slide-as-fed-cuts-clash-with-trumps-fiscal-agenda">Bond ETFs Slide As Fed Cuts Clash With Trump&#8217;s Fiscal Agenda</a>
Why It Matters: Last week's $1 billion outflow from the SPDR Gold Trust is the largest weekly outflow since July 2022. Investors are evidently taking profits and reallocating funds amid shifting market expectations.
Analysts suggest that gold's decline is largely a reaction to Trump's economic policies. Trump's promises of tax cuts for the wealthy and deregulation have fueled expectations for faster economic growth. It&#8217;s worth noting that overall economic growth <a href="https://www.forbes.com/sites/dereksaul/2024/11/01/how-the-economy-really-fared-under-bidenharris-and-trump-from-jobs-to-inflation-final-update/">never</a> hit 3% a year when Trump was president.
Trump also pitched tariff plans as a boost to domestic manufacturing and reduce dependency on foreign goods. Economists warn that <a href="https://www.benzinga.com/personal-finance/24/09/40961812/economists-warn-trumps-plans-for-tax-cuts-tariffs-and-deportation-could-trigger-skyrocketing-inf">they&#8217;ll worsen inflation</a>. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), often touted as &#8220;digital gold,&#8221; has instead seen strong gains in recent days, hitting fresh record highs. Some analysts, like longtime gold advocate Peter Schiff, dismiss the cryptocurrency's rise as speculative.
"Bitcoin's rise has nothing to do with its supposed fundamentals," Schiff wrote on social media X. 
"The U.S. dollar is rising, gold is falling, and the U.S. economy is believed to be on the verge of a boom, with debt-to-GDP plunging, reducing the need for U.S. dollar alternatives. It's a Trump-inspired mania."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883820/trump-trade-sparks-biggest-financial-stock-inflows-in-2-years">Trump Trade Sparks Biggest Financial Stock Inflows In 2 Years</a></li>
</ul>
Image: Shutterstock

Politics

Gold ETF Hit With $1 Billion Outflow: Investors Dump Safe Haven Asset After Trump Win

WIIM

Gold is lower amid a rise in the US dollar.

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-11_08h27_15.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Trump Trade Rolls On&nbsp;</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-gold-money-flows-bitcoin-soars-mc-11112024">click here</a> for an enlarged chart of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
Note the following:
<ul>
<li>The Arora Report&#8217;s call on bitcoin has proven spot on. &nbsp; <a href="https://blog.thearorareport.com/stock-market-110924/">On Friday, we wrote</a>:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">Bitcoin (BTC.USD) is being bought on hope that whales will take advantage of low liquidity during the weekend to run bitcoin up over $80,000.
</blockquote>
<ul>
<li>The chart shows that bitcoin has moved to $81,866 as of this writing.</li>
<li>RSI on the chart shows that bitcoin is overbought.&nbsp; However, in The Arora Report analysis, the RSI pattern shown on the chart is setting up for a higher bitcoin price, perhaps after a shallow pullback.&nbsp; The next target for bitcoin is $100,000.</li>
<li>The chart shows the support zone for bitcoin.</li>
<li>The chart shows that bitcoin broke out on Trump's election.&nbsp; Trump has said he wants to be the crypto president.&nbsp; As full disclosure, The Arora Report also gave a signal on Trump's election to buy bitcoin via ETF iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).&nbsp; Bitcoin is also in The Arora Report&#8217;s ZYX Allocation Model Portfolio.</li>
<li>Money is flowing out of gold and other commodities, such as oil, and into cryptos.  For the first time iShares Bitcoin Trust (IBIT) has become bigger than iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>).  On Trump's election, a record $1.4B money inflow took place in IBIT.</li>
<li>When looking at gold and bitcoin, investors need to understand that the gold market is not being manipulated, while bitcoin can easily be manipulated.&nbsp; Anytime an asset can be easily manipulated, it can be driven higher than you would think.</li>
<li>Other crypto tokens are also moving. Dogecoin, created as a joke, has gone up 40% since Friday.&nbsp; The meme crowd is going all in on smaller coins.</li>
<li>Sentiment has reached the extreme zone.&nbsp; When sentiment reaches extreme positive, it is traditionally a sell signal.&nbsp; However, sentiment is not a precise timing signal.&nbsp; Also, this time is different because of the momentum from Trump's election.&nbsp; The Arora Report's sentiment indicator is a 360 degree view and is very comprehensive.&nbsp; Investors looking for a short cut may at this time look at bitcoin as an indication of sentiment.</li>
<li>Investors need to understand that this is as pure of a momentum market as it gets.&nbsp; Momentum is great as long as it is going up.&nbsp; However, a break in momentum can cause major losses, especially in popular stocks.&nbsp; </li>
<li>Based on the weekend pump, there is aggressive buying in stocks by retail investors in the early trade.&nbsp; Buying is extremely aggressive in Trump stocks, such as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). TSLA stock is up over 6% in the premarket, after moving up 8.2% on Friday.&nbsp; Tesla CEO Elon Musk is expected to be the most influential person in Trump's administration, but without an official appointment.</li>
<li>Trump's election is impacting markets across the globe.&nbsp; Please see below for examples.</li>
</ul>
<h3 class="wp-block-heading">China</h3>
There is disappointment in the markets about China's stimulus.
China&#8217;s trade surplus is set to hit a record of almost $1T.&nbsp; Trump is likely to focus on this record.&nbsp;
<h3 class="wp-block-heading">India</h3>
The Reserve Bank of India is likely to let the Indian currency rupee weaken to compete with the Chinese yuan after Trump's election.
<h3 class="wp-block-heading">Japan</h3>
The Bank of Japan failed to bolster the yen after Trump's election.&nbsp; The yen has weakened.
<h3 class="wp-block-heading">Europe</h3>
There are reports that Trump and Putin have spoken in a bid to settle the Ukraine war.&nbsp; Russia is denying the report.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla (TSLA).
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is aggressively buying stocks in the early trade.&nbsp; Smart money is inactive in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.&nbsp; Over a long period of time, investors come out ahead by adopting smart money's ways.&nbsp; The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.
<h3 class="wp-block-heading">Very Very Short-Term Indicator</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Please see above.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

IBIT

Money Flows Out Of Gold Into Bitcoin, Next Bitcoin Stop $100,000, Aggressive Buying In Tesla

The re-election of Donald Trump <a href="https://www.benzinga.com/markets/commodities">has metals markets</a> looking a little like a shaken-up snow globe—chaotic and swirling. 
While some metals might be facing a rocky road, JPMorgan's Commodities Research team, led by Greg Shearer, sees gold as holding strong through the turbulence, calling recent gold action a "stumble not a sea change."
Here's the JPMorgan breakdown on what to watch in metals as this political shift unfolds.
<h2 class="wp-block-heading">"Timing and Sequencing Will Be Critical" For Base Metals</h2>
As tariff tensions escalate, Peterson and his team emphasize that "policy timing and sequencing will be critical." They anticipate that China's response will likely be "a more reactive mechanism" once tariffs are in place, rather than a proactive approach. In practical terms, this suggests that the market may start to factor in "risk premia" in the weeks ahead.
Traders should buckle up as base metals brace for near-term turbulence, holding off for now on any major plays.
Investors in base metal ETFs such as the United States Copper Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPER#NYSE">CPER</a>) and the Invesco DB Base Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBB#NYSE">DBB</a>) should remain wary of their holdings.
The analysts say one metal could break the trend, though: aluminum. With supply issues dogging the bauxite market, aluminum has an "idiosyncratic fundamental support" that could "significantly mitigate bearishness from a weaker CNY." So, while aluminum may stay relatively resilient, other base metals might be taking a temporary backseat.
Read Also: <a href="https://www.benzinga.com/markets/commodities/24/11/41793159/trumps-victory-a-tailwind-for-domestic-steel-risk-for-canada-say-analysts">Trump&#8217;s Victory A Tailwind For Domestic Steel, Risk For Canada, Say Analysts</a>
<h2 class="wp-block-heading">Gold: The "Debasement Trade" Keeps The Glitter</h2>
Gold experienced a dip following the election, but JPMorgan sees this as a temporary setback rather than a major shift. With potential U.S. fiscal challenges and rising inflation concerns, Peterson anticipates gold will perform strongly in the coming years, projecting it could reach $2,850 per ounce by late 2025.
This "debasement trade" may make gold the go-to hedge as the new administration's policies take shape, especially as inflationary pressures bubble up.
This may bode well for investors in the SPDR Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>).
<h2 class="wp-block-heading">The Yuan Factor: Copper's Achilles' Heel?</h2>
Another key factor here is the yuan (CNY). If Trump's policies lead to further yuan depreciation—potentially up to 7.40 or even 7.8, according to JPMorgan's FX strategists—copper prices could see a roughly 5% hit, dragging prices down to around $9,000 per metric ton.
Aluminum, again, may be shielded somewhat by those supply issues, but other base metals could be feeling the squeeze.
<h2 class="wp-block-heading">Gold Glimmers While Base Metals Hold Their Breath</h2>
For the metals market, Trump's second term brings headwinds and a few golden highlights. 
While base metals might see some strategic waiting time, aluminum could be one of the few to withstand the early hits. 
Gold, meanwhile, has the long game in sight, with JPMorgan's "debasement trade" fueling bullish forecasts.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41810728/jpmorgan-predicts-strong-performance-for-bitcoin-and-gold-under-trump-presidency">JPMorgan Predicts Strong Performance For Bitcoin And Gold Under Trump Presidency</a></li>
</ul>
Photo: Shutterstock

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Trump Re-Election Jolts Metals Market As Gold Sees A 'Stumble, Not A Sea Change'

On Friday, November 8, U.S. markets rallied, with the S&amp;P 500 briefly surpassing the 6,000 mark and posting its most substantial weekly gain in a year. The surge was driven by Donald Trump&#8217;s election win, expectations of pro-business policies, and an anticipated Fed rate cut. Optimism over a potential Republican sweep in Congress boosted investor sentiment, pushing the Nasdaq to record highs and securing the S&amp;P&#8217;s 50th record close of the year.
According to economic data, the University of Michigan&#8217;s consumer sentiment index increased to 73 in November, marking its highest level in seven months. This figure surpassed both October&#8217;s reading of 70.5 and market expectations of 71.
Most S&amp;P 500 sectors gained, led by consumer staples, utilities, and real estate, while materials and communication services lagged.
The Dow Jones Industrial Average was up 0.59% and closed at 43,988.99, the S&amp;P 500 rose 0.38% to 5,995.54, and the Nasdaq Composite gained 0.09% to finish at 19,286.78.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 gained 0.18% and ended the session at 39,539.50, led by gains in the Shipbuilding, Railway &amp; Bus, and Services sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.35% and ended the day at 8,266.20, led by losses in the Metals &amp; Mining, Resources and Materials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.11% at 24,122.10 and Nifty 500 was down 0.32% at 22,572.70.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,470.07, and the Shenzhen CSI 300 gained 0.66%, finishing the day at 4,131.13.</li>
<li>Hong Kong&#8217;s Hang Seng fell 1.45% and closed the session at 20,426.93.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.24%.</li>
<li>Germany&#8217;s DAX gained 1.37%.</li>
<li>France&#8217;s CAC rose1.20%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.90%.</li>
<li>European markets opened on a positive note, lifted by record highs on Wall Street and a recent Fed rate cut. Gains were seen across major indices, although political uncertainty lingers due to Trump&#8217;s reelection and instability within Germany&#8217;s coalition government.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.06% at $69.31/bbl, and Brent was down 1.29% at $72.92/bbl.</li>
<li>Oil prices remained steady as concerns over U.S. storm disruptions eased and China&#8217;s stimulus plan disappointed investors. Weak demand growth in China and expectations of increased U.S. output under Trump&#8217;s administration further weighed on the market outlook.</li>
<li>Natural Gas gained 6.18% to $2.834.</li>
<li>Gold was trading lower by 0.71% at $2,675.60, Silver rose 0.36% to $31.562 and Copper slipped 0.24% to $4.2945</li>
</ul>
US Futures at 05:30 AM ET
Dow futures gained 0.37%, S&amp;P 500 futures up 0.27%, and Nasdaq 100 futures rose 0.22%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index increased by 0.26% to 105.27, the USD/JPY rose by 0.73% to 153.75, and the USD/AUD rose by 0.01% to 1.5180.</li>
<li>The U.S. dollar strengthened to three-month high, continuing gains from Trump&#8217;s election win, which raised expectations of inflationary policies and slower Fed rate cuts. Despite a recent rate reduction, the dollar retained most of its gains, with the focus shifting to upcoming inflation data.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed And Europe Up, Dollar Gains To 3-Month High - Global Markets Today While US Slept

Gold, an ancient asset with millennia-long human fascination, demonstrates substantial price fluctuations and distinct growth and correction cycles. A thorough technical analysis of gold's price history reveals crucial support and resistance levels, forming the backbone of its trend patterns. From its lows in 1999 to its fresh highs in 2024, gold's price journey offers investors insights into its cyclical nature and potential future moves.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210433/DEEPHOUSE-MIX-VIDEO-1-1024x576.jpg" alt="" class="wp-image-3168" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210433/DEEPHOUSE-MIX-VIDEO-1-1024x576.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210433/DEEPHOUSE-MIX-VIDEO-1-300x169.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210433/DEEPHOUSE-MIX-VIDEO-1-768x432.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210433/DEEPHOUSE-MIX-VIDEO-1.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h4 class="wp-block-heading" id="5aad">The Foundations of a Bullish Path: 1999 to 2011</h4>
In August 1999, gold found major support at $252 per ounce, marking a significant low and becoming a pivotal springboard for future growth. By July 2005, a new fractal support developed at $417, strengthening the asset's uptrend and paving the way for a sustained rally. In 2008, gold tested the symbolic $1,000 mark — a key psychological barrier in its ascent, which was soon surpassed as gold soared to a peak of $1,921 in September 2011. This milestone represented an impressive 166% gain from the lows of 1999, underscoring a robust bullish trend that attracted increasing investor interest.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ-1024x568.webp" alt="" class="wp-image-3169" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ-1024x568.webp 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ-300x167.webp 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ-768x426.webp 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ-1536x853.webp 1536w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210514/1_VoIDehhqzSzt1FCilRO6LQ.webp 1924w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
However, gold's upward trajectory experienced interruptions. After reaching its peak in 2011, the metal entered a correction phase lasting four years, finding new support at $1,047 in November 2015. This established a fresh fractal level, indicating the potential for a new upward channel encompassing the key lows of 1999 and 2005, the highs of 2011, and the support found in 2015.
<h4 class="wp-block-heading" id="7b63">A Fresh Uptrend: 2015 to 2020</h4>
Following the November 2015 lows, gold resumed its upward movement, surpassing previous highs to reach a new peak of $2,075 per ounce in August 2020. This marked a 98% appreciation from the 2015 lows and reinforced gold's reputation as a safe-haven asset, particularly during times of global uncertainty. However, the 2020 price rally was followed by a two-year consolidation phase.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA-1024x568.webp" alt="" class="wp-image-3170" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA-1024x568.webp 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA-300x167.webp 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA-768x426.webp 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA-1536x853.webp 1536w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210627/1_FuYiJmkTifuW7bdbf9ZFbA.webp 1924w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
By October 2022, support had been established at $1,614, with trading range stabilizing between this support level and the previous high of $2,075. This range laid a structural foundation for future price fluctuations, setting the stage for a potential breakout amid emerging economic factors and geopolitical tensions.
<h4 class="wp-block-heading" id="8f7f">2024 and Beyond: The Breakout to New Highs</h4>
In February 2024, gold broke through previous resistance levels, surpassing the $2,075 mark and sparking renewed optimism among traders and investors. This breakout established a new fractal resistance level on October 28, 2024, with gold reaching $2,790. This significant price movement highlights gold's long-term ascending parallel channel, a structure formed over decades, encompassing key points such as the lows of 1999 and 2015, the highs of 2011, and the recent highs of 2024.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw-1024x568.webp" alt="" class="wp-image-3171" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw-1024x568.webp 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw-300x167.webp 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw-768x426.webp 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw-1536x853.webp 1536w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210702/1_iakdVl87CPvvljON4njKhw.webp 1924w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Currently, gold appears to be approaching the upper boundary of this channel, suggesting potential resistance. Should this resistance hold, it could signal an imminent correction. Nonetheless, given the asset's resilience over the past two decades, any correction may present buying opportunities for long-term investors.
<h4 class="wp-block-heading" id="f8a5">Symmetry and Structural Patterns: Insights for Future Movement</h4>
An intriguing aspect of gold's current price structure is its symmetry with previous bullish phases. The price movement from the 1999 lows to the 2011 highs mirrors, in many ways, the journey from the 2015 lows to the recent highs of 2024. Similarly, the rally from November 2015 to the August 2020 peak shows parallels to the movement from October 2022 to October 2024. This structural symmetry suggests overlapping AB=CD patterns at various scales, potentially indicating a corrective phase if resistance proves formidable.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA-1024x568.webp" alt="" class="wp-image-3172" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA-1024x568.webp 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA-300x167.webp 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA-768x426.webp 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA-1536x853.webp 1536w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08210735/1_rNPxCW8s7_dHC2-RPNusjA.webp 1924w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Considering these patterns and the potential resistance from the upper boundary of the ascending channel, a technical argument can be made for a temporary pullback. Such a correction might see gold revisiting previous resistance levels, potentially around $2,075, as part of a broader consolidation phase. This period of recalibration could set the stage for another rally, contingent upon evolving global economic conditions and investor sentiment.
<h4 class="wp-block-heading" id="14d2">Concluding Thoughts</h4>
Gold's price evolution from 1999 to 2024 exemplifies its robustness as a store of value and the recurring technical patterns governing its price action. With well-defined support and resistance levels, a clear ascending channel, and identifiable symmetrical patterns, gold stands at a critical juncture. For investors, understanding these technical markers is crucial, as the asset's long-term trajectory often mirrors broader market sentiments influenced by economic cycles and geopolitical events.
Happy Trading, André Cardoso at&nbsp;<a href="https://www.forexanalytix.com/">Forex Analytix</a>

Gold: The Rise And Fall

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-08_08h12_07.png" alt="" style="width:624px" /></figure>
<h4 class="wp-block-heading">Nvidia As An Indicator</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-trump-hopium-nvidia-indicator-china-stimulus-nvda-mc-11082024">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point.</li>
<li>The chart shows that NVDA has broken out.</li>
<li>RSI on the chart shows that NVDA has room to run.</li>
<li>Nvidia will report earnings on Nov. 20 after the market close.&nbsp; Historically, NVDA stocks sees heavy buying before earnings. As full disclosure, in addition to the core position in NVDA, which is long from $12.55, The Arora Report also has a trade around position in NVDA in The Arora Report&#8217;s ZYX Buy.</li>
<li>The chart shows the top support zone.&nbsp; This top support zone is very significant as an indicator for the entire market, not just NVDA stock.</li>
<li>For the time being, as a simple short cut, investors can use Nvidia as an indicator.&nbsp; As long as NVDA stock does not break below the top support zone, investors' stance towards the stock market should be bullish.&nbsp; The short cut is helpful but consider relying on the highly sophisticated, adaptive, <a href="https://thearorareport.com/ALLOCATION%2BMODELS.htm">ZYX Asset Allocation Model </a>with inputs in 10 categories.</li>
<li>The Arora Report call is to scale in by buying stocks and ETF's, not just NVDA, as they dip in the buy zones until a time when Trump hopium comes close to meeting reality.</li>
<li>In The Arora Report analysis, the time to take profits will be just before the Trump hopium comes close to meeting reality.&nbsp;&nbsp;</li>
<li>The stock market is moving based on the difference between Wall Street positioning going into the election and the election result.&nbsp; In The Arora Report analysis, the main cause of the rip roaring rally after the election is two-fold:
<ul>
<li>Wall Street was not positioned for the margin of Trump's victory.</li>
<li>Wall Street was not positioned for a potential red sweep.&nbsp; As of this writing, there is a high probability of a red sweep, but it is not yet confirmed.&nbsp; A red sweep will take place if Republicans take control of the House.</li>
</ul>
</li>
<li>Based on anecdotal evidence, it is difficult for many investors to put their arms around the current rally and The Arora Report's call to buy the dips.&nbsp; </li>
<li>In the early trade, the Trump rally is taking a breather for two reasons:
<ul>
<li>Investors' disappointment from China stimulus first impacted Asian markets, then moved to Europe, and now to the U.S.&nbsp; See the section below for details.</li>
<li>In the very very short term, the stock market is overbought.</li>
</ul>
</li>
<li>The University of Michigan Consumer Sentiment &#8211; Prelim will be released at 10am ET.&nbsp; It may be market moving.</li>
<li>In The Arora Report analysis, consumer sentiment has moved up significantly after Trump's election.&nbsp;&nbsp;&nbsp;</li>
</ul>
<h4 class="wp-block-heading">Big China Stimulus</h4>
China has announced a big stimulus of $1.4T.&nbsp; The stimulus will provide swaps for debt ridden local governments' off balance sheet liabilities.&nbsp; The size of the stimulus is greater than the consensus.&nbsp; For this reason, it should have been positive, but in The Arora Report analysis, investors are reacting negatively because the stimulus did not include any fiscal measures to boost the economy.&nbsp;&nbsp;
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is being bought on hope that whales will take advantage of low liquidity during the weekend to run bitcoin up over $80,000.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  The proprietary protection band from The Arora Report is very popular.  The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Scale In On Trump Hopium Dips – Watch Nvidia As An Indicator, Big China Stimulus

On Thursday, November 8th, U.S. markets ended mixed after the Federal Reserve cut interest rates by 25 basis points, citing an eased job market and progress toward the 2% inflation target. Optimism over President-elect Donald Trump&#8217;s return lifted the S&amp;P 500 and Nasdaq to record highs, with global markets rallying in response.
Financials led declines among S&amp;P sectors, reversing strong gains from the previous session as bank stocks fell sharply.
The Federal Reserve cut rates by 0.25 points to a 4.5%-4.75% range, slowing the pace of easing from September&#8217;s 0.5% cut.
In economic data, U.S. initial jobless claims rose to 221,000 in late October, while Q3 nonfarm productivity increased by 2.2% and unit labor costs grew by 1.9%. Wholesale inventories fell 0.2% in September, and natural gas stocks climbed by 69 billion cubic feet to 3.932 trillion.
The Dow Jones Industrial Average was flat and closed at 43,729.34, the S&amp;P 500 rose 0.74% to 5,973.10, and the Nasdaq Composite soared 1.51% to finish at 19,269.46.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 gained 0.19% and ended the session at 39,468.50, led by gains in the Textile, Shipbuilding and Steel sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.84% and ended the day at 8,295.10, led by gains in the Gold, IT, and Consumer Discretionary sectors.     </li>
<li>India&#8217;s Nifty 50 traded lower by 0.21% at 24,148.20, and Nifty 500 was down 0.70% at 22,645.65.</li>
<li>China&#8217;s Shanghai Composite slid 0.53% to close at 3,452.30, and the Shenzhen CSI 300 declined 1.00%, finishing the day at 4,104.05.</li>
<li>Hong Kong&#8217;s Hang Seng fell 1.7% and closed the session at 20,728.19.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was down 1.09%.</li>
<li>Germany&#8217;s DAX declined 0.99%.</li>
<li>France&#8217;s CAC fell 1.13%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.72%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.64% at $71.19/bbl, and Brent was down 1.35% at $74.62/bbl.</li>
<li>Oil prices edged lower as Hurricane Rafael&#8217;s impact on U.S. output eased and markets assessed Trump&#8217;s potential policies on global supply.</li>
<li>Natural Gas gained 0.63% to $2.710.</li>
<li>Gold was trading lower by 0.49% at $2,692.00, Silver fell 1.11% to $31.503, and Copper slipped 2.30% to $4.3290.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures slipped 0.04%, S&amp;P 500 futures were down 0.03%, and Nasdaq 100 futures fell 0.14%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index declined 0.02% to 104.49, the USD/JPY was down 0.39% to 152.37, and the USD/AUD rose 0.68% to 1.5072.</li>
<li>The U.S. dollar edged higher this week, buoyed by &#8220;Trump trades&#8221; but tempered by policy uncertainty. The yen rose, and the Australian dollar logged solid weekly gains.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Markets Mixed, Europe, Crude Oil, Gold And Dollar Cool Off - Global Markets Today While US Slept

The U.S. stock market closed at record highs Thursday after the Federal Reserve's widely expected decision to lower interest rates and Fed Chair Jerome Powell's press conference where he reassured markets by dismissing concerns about his potential resignation or removal following the <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">election of Donald Trump. </a>
The S&amp;P 500 — as tracked by SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — closed at 5,973 points, up 0.7% for the day.
Tech stocks outperformed the broader market, with the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), surging 1.5% higher to an all-time high of 21,100 points.
Notably, the combined market capitalization of the Magnificent Seven — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — soared to over $17 trillion, setting a new peak.
The Dow Jones stalled after Wednesday&#8217;s 3.6% rise, while small caps eased 0.4% following a 5.8% jump the previous day.
Top-performing sectors in the S&amp;P 500 were technology, up 1.8%, followed by communications services and consumer discretionary, both up by 1.3%. Financials, which rallied the most Wednesday, lagged on Thursday, down 1.5%.
<h3 class="wp-block-heading">Fed Cuts Rates, Powell Dismisses Concerns Over His Future </h3>
The Federal Reserve cut interest rates by 0.25% to 4.5%-4.75% as expected, a reduction in the pace of easing after the larger 0.5% cut in September.
The Fed recognized robust economic momentum, with the GDP rising by 2.8% in the second quarter, and resilient consumer confidence.
Powell downplayed weak October employment data, noting that near-zero job growth was largely due to temporary factors like strikes and hurricanes rather than underlying economic weakness.
Powell described the rate cut as part of a "further recalibration" of monetary policy, which he emphasized remains "restrictive." He hinted at the possibility of more easing in the future but refrained from signaling a specific rate cut at the December meeting, stressing a data-dependent approach.
When asked if he would resign if requested by Trump, Powell responded firmly, "No," reiterating that the president does not have the legal authority to remove the Fed chair.
Following Powell's comments, market-implied expectations for a 25-basis-point rate cut in December surged to 75%, recovering from Wednesday's post-election dip.
Treasury yields pulled back sharply, with the 10-year yield dropping 10 basis points to 4.33%, almost erasing the spike from the previous day.
The U.S. dollar weakened 0.7%, while gold prices, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rebounded 1.8% after Wednesday&#8217;s 3% slump. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded up by 1% at 4:30 p.m. in New York, hitting a record-high of $76,990 during the session. 
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Gainers On Thursday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Last</td>
<td>Chg %</td>
</tr>
<tr>
<td>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>)</td>
<td>233.00</td>
<td>14.95%</td>
</tr>
<tr>
<td>Viatris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTRS#NASDAQ">VTRS</a>)</td>
<td>13.20</td>
<td>13.69%</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>25.47</td>
<td>12.21%</td>
</tr>
<tr>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>9.38</td>
<td>11.91%</td>
</tr>
<tr>
<td>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>)</td>
<td>607.76</td>
<td>10.64%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Losers On Thursday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>)</td>
<td>31.11</td>
<td>-17.86%</td>
</tr>
<tr>
<td>APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>)</td>
<td>21.93</td>
<td>-11.34%</td>
</tr>
<tr>
<td>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</td>
<td>57.09</td>
<td>-7.33%</td>
</tr>
<tr>
<td>Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>)</td>
<td>277.22</td>
<td>-5.71%</td>
</tr>
<tr>
<td>Becton, Dickinson and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>)</td>
<td>227.16</td>
<td>-5.38%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41824236/feds-interest-rate-cut-pace-expected-to-slow-economists-weigh-trumps-white-house-re">Fed&#8217;s Interest Rate Cut Pace Expected To Slow: Economists Weigh Trump&#8217;s White House Return</a></li>
</ul>
Wall Street bull illustration created using artificial intelligence via MidJourney.

Movers

EPAM

GOOGL

MTCH

VTRS

Wall Street Hits Record Highs After Powell's Speech, Lifts Magnificent 7 Stocks To $17 Trillion In Historic Trading

Macro Notification

Federal Reserve Cuts Key Overnight Rate By 25 bps

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-07_08h30_03.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Bonds Fall On Trump Win</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-fed-interest-rate-bonds-support-zone-tlt-mc-11072024">click here</a> for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>After Trump's win, bonds are front and center.</li>
<li>The chart shows when the contrary Arora call was made that bonds would fall.&nbsp; That call was made at a time when everyone was predicting that bonds would rise.&nbsp;</li>
<li>The chart shows when the Arora call was made about the election.&nbsp; We wrote in the <a href="https://blog.thearorareport.com/rising-yields-100824/">Morning Capsule on October 8</a>, "In the event of a one party sweep, TLT can potentially fall to the bottom support zone."</li>
<li>The chart shows that the second Arora call on bonds has proven accurate after Trump's win.</li>
<li>The chart shows when Trump won the election.</li>
<li>The chart shows that on Trump's win, TLT gapped down and opened close to the top and of the bottom support zone.&nbsp; Yesterday's bar does not show premarket data.&nbsp; In the premarket, TLT touched the top band of the support zone.&nbsp; On The Arora Report charts, premarket data is included on the current day, but not on the previous days.&nbsp; This methodology provides the most clarity.</li>
<li>The FOMC will announce its rate decision at 2pm ET, followed by Powell's press conference at 2:30pm ET.</li>
<li>The consensus is that the Fed will cut rates by 25 bps.</li>
<li>In The Arora Report analysis, the Fed could not possibly be happy about the large drop in bonds after the last rate cut.&nbsp; We will be paying careful attention to what Powell says about the drop in bonds in his press conference.&nbsp; If Powell says anything about this subject, it will be the most important new information that can be gleaned today.&nbsp;&nbsp;</li>
<li>Most institutional investors and many retail investors have suffered massive losses in bonds. &nbsp;It is important to remember that the largest amount of money is still managed using the 60/40 portfolio as a starting point.&nbsp; This means 60% in stocks and 40% in bonds.&nbsp; The Arora Report has long shown that following the protection band is heads and shoulders above following the 60/40 portfolio.&nbsp; Nonetheless, the dogma of 60/40 remains popular.&nbsp; This is the reason we publish information on 60/40 portfolios.&nbsp; For those following the 60/40 portfolio, The Arora Report call has been to limit the duration to less than five years.&nbsp; The Arora Report call on duration has been consistent at a time when a vast majority of money managers were significantly increasing duration. The longer the bond duration, the larger the losses investors have suffered.</li>
<li>In The Arora Report analysis, after Trump's election the Fed is faced with two important issues:
<ul>
<li>In The Arora Report analysis, depending upon how Trump implements his tariff plan, it may add 0.5% &#8211; 1% to inflation.&nbsp;&nbsp;</li>
<li>According to the nonpartisan Committee for a Responsible Federal Budget, Trump's tax plans will increase the national deficit by $7.8T over the next 10 years.&nbsp; All of this deficit will have to be financed by borrowing.&nbsp; This will increase the supply of Treasuries.&nbsp; A higher supply of Treasuries will lead to higher interest rates on the long end, unless the Fed decides to manipulate it with quantitative easing or some other artificial method.</li>
</ul>
</li>
<li>At a time when the stock market is at an all time high and bonds are suffering major losses, there is not good news on the economic data front.&nbsp;&nbsp;
<ul>
<li>Unit labor costs are spiking.&nbsp; Q3 Unite Labor Costs &#8211; Preliminary came at 1.9% vs. 0.5% consensus.</li>
<li>As of this writing, the momo crowd is oblivious.  However, expect smart money to pay attention to this important, highly inflationary data. Also expect the Fed to pay attention to this data.</li>
</ul>
</li>
<li>Initial jobless claims came at 221K vs. 222K consensus.&nbsp; This indicates that the employment picture remains strong, especially at the low end.</li>
<li>In The Arora Report analysis, there is another important question that the Fed will have to face.  Trump plans to deport undocumented immigrants.  According to the Department of Homeland Security, there are about 11M undocumented immigrants in the U.S. What happens to labor supply at the low end if 11M workers are taken out of the workforce?  What does it do to inflation?  What does it do to economic growth, and in turn the stock and bond markets? </li>
</ul>
<h3 class="wp-block-heading">England</h3>
The Bank of England has cut interest rates.&nbsp; The key interest has been reduced to 4.75% from 5%.
This is the first cut by a major central bank after Trump's election. &nbsp; Investors should keep an eye on how the European Central Bank and the Bank of Japan act after Trump's election.&nbsp; Remember, the U.S. economy is intertwined with the global economy.&nbsp;&nbsp;
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Bonds And Fed Front And Center As Bonds Approach Bottom Support Zone After Trump Win

On Wednesday, November 6th, U.S. markets closed at record highs as Donald Trump won the 2024 presidential election. Investors anticipated lower taxes, deregulation, and Trump&#8217;s active stance on economic matters. The Dow, S&amp;P 500, and Nasdaq surged, while bitcoin also reached new highs.
Tesla shares surged, fueled by CEO Elon Musk&#8217;s endorsement of Trump, alongside gains in Trump Media &amp; Technology Group. Treasury yields rose amid expectations that higher tariffs could drive up inflation and expand the U.S. deficit.
According to economic data, U.S. mortgage applications dropped 10.8% last week, while crude oil inventories rose by 2.149 million barrels, exceeding the forecast of 1.8 million.
Most S&amp;P 500 sectors closed higher, led by consumer discretionary, industrials, and financials, while consumer staples and real estate lagged.
The Dow Jones Industrial Average gained 3,57% to close at 43,729.93, the S&amp;P 500 rose 2.53% to 5,929.04, and the Nasdaq Composite soared 2.95% to finish at 18,983.47.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.09% and ended the session at 39,394.00, led by losses in the Fishery, Marine Transport, and Food sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.33% and ended the day at 8,226.30, led by gains in the Energy, Industrials and Financials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.18% at 24,194.60 and Nifty 500 was down 1.02% at 22,796.95, losses in the Metals, Power and Real Estate sectors.</li>
<li>China&#8217;s Shanghai Composite gained 2.57% to close at 3,470.66, and the Shenzhen CSI 300 soared 3.02%, finishing the day at 4,145.70.</li>
<li>Hong Kong&#8217;s Hang Seng rose 2.02% and closed the session at 20,953.34.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.67%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.58%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.08%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.88% at $71.06/bbl, and Brent was down 0.71% at $74.41/bbl.</li>
<li>Natural Gas slid 0.07% to $2.745</li>
<li>Gold was trading lower by 0.08% at $2,674.70, Silver fell 0.29% to $31.245, and Copper gained 2.28% to $4.3430.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures climbed 0.22%, with S&amp;P 500 futures up 0.19% and Nasdaq 100 futures rising 0.21%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. dollar index declined 0.19% to 104.89, the USD/JPY was down 0.40% to 154.00, and the USD/AUD fell 0.89% to 1.5086.</li>
<li>Global stocks rose, led by optimism over potential U.S. fiscal expansion under Trump&#8217;s presidency and anticipated rate cuts from the Fed and other central banks. U.S. Treasury yields increased, while the dollar eased slightly after Wednesday&#8217;s surge.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

US Futures, European Stocks Rally Post-Trump Victory While Crude Oil And Gold Decline - Global Markets Today While US Slept

Wall Street slipped substantially Thursday, the Dow shedding 207 points as the post-election buzz continued to fade.

Dow, Nasdaq Shed Triple Digits After Fed Comments

Gold has its own laws in trading. The most emotional of all financial assets is traded unlike anything else.

Trading Gold Is Unlike Trading Anything Else

Gold and silver managed to hold their own after an overnight bear raid, most likely targeting the remaining open interest in the big December futures contract.

Stocks And Precious Metals Charts - Stocks Lower

FX traders remain firmly focused on "Yuan Watch".

Fed Chair Jerome Powell Delivered A Dose Of "Unvarnished Truth"

Gold recovers some ground on Thursday yet remains trading below its opening price for the fifth consecutive day, undermined by the Greenback's advance for its own fifth consecutive day.

Gold Slips On Powell Remarks Of No Rush To Lower Rates

The Gold price (XAU/USD) struggles to gain ground around $2,570 on Friday after bouncing off a two-month low in the previous session.

Gold Price Extends Decline On Bullish US Dollar, Investors Brace For US PPI Data

The Sell-Off In The Precious Metals Sector May Be Winding Down

Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD?

Gold Trading Strategy, XAUUSD Analysis & Forecast - Friday, Nov 15

In this video, Ira Epstein reviews the day's trading in the gold and other relevant metal markets.

Metal Markets Report For Thursday, Nov 14

China's Gold Market In October: Unseen Price Records Bring Unprecedented Gold ETF Inflows

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CNYA

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GLTR

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Screenshot 2024-05-29 at 5.35.33 PM

ADVZF

NEWP

PAAS

Precious metal prices are significantly influenced by investor sentiment, much like stocks and bonds. This can lead to routine price fluctuations, sometimes large and erratic, where the volatility can create both challenges and opportunities for investors. 

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