Global markets delivered mixed results in November. US stocks and real estate investment trusts led last month’s winners, rebounding with solid gains following October’s decline.
Currently, the highest probability outcome by the end of 2025 is for three more 0.25% rate cuts in the Fed Funds rate to a range of 3.75 – 4%.
The cost of buying the Classic Thanksgiving Dinner rose 20% from from 2021 to 2022, but then fell back 4.5% from 2022 to 2023, and the dropped another 3.09% from 2023 to 2024.
The OMXIPI is close to its 52-week high, while the OMXI15 took out its 52-week high a few weeks ago.
Invesco Mortgage Capital Inc. is a REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. IVR’s share price increased 2.2% in the past year from $8.21 to $8.39 as of Monday’s market close.
November 26 marked 7 days up in a row and suggests the market will be higher in 10 days over 80% of the time.
In the Asia FX markets, speculation is swirling that China might counter any new tariff hikes from the incoming Trump administration by strategically devaluing the yuan.