S&P 500 eyes 7,500 by 2026 per JPM, but watch for a potential 2026 correction. Traders eye valuation shifts.
US funds boost Canadian oil & gas, with TSX Energy up 19.5% YTD vs S&P 500 Energy's 6%. Low breakevens drive gains.
Japan Jibun / S&P Global manufacturing PMI, November final, 48.7 (prior 48.2) Japan’s industrial drag is stabilising, but continued order weakness, especially in autos and semiconductors, keeps pressure on JPY-sensitive sectors.
Australian Q3 business inventories -0.9% q/q (expected 0%) The negative result for inventories will take away from Q3 GDP
SK exports surge 8.4% on record chip sales (+38.5%) & auto jump (+13.7%). Trade surplus widens to $9.7B.
Fed rate cut bets rise as Powell preps speech; ISM & ADP data eyed. Salesforce earnings loom. FX & bonds watch closely.
mNAV shows Strategy at 1.105 EV, below 1.0 diluted. Market premiums/discounts on BTC holdings debated.
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