📊 Key Events This Week:

1. September PPI Inflation data - Tuesday

2. September Retail Sales data - Tuesday

3. November CB Consumer Confidence data - Tuesday

4. October Pending Home Sales data - Tuesday

5. US Q3 2025 GDP data - Wednesday

6. September Durable Goods Orders data - Wednesday

7. September PCE Inflation data - Wednesday

8. September New Home Sales data - Wednesday

9. US Markets Closed, Happy Thanksgiving! - Thursday

10. US Markets Close at 1 PM ET - Friday

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🇨🇳 China purchased +15 tonnes of gold in September, or ~10 times more than officially reported by the central bank, according to Goldman Sachs estimates.

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🇺🇸 Trump has bought at least $82 million in corporate and municipal bonds.

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📊 Google, $GOOGL, CEO: "There is some irrationality in the current AI boom. The growth of AI investment has been an extraordinary moment."

Asked what happens if the AI bubble pops, he said "I think no company is going to be immune, including us."

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🇺🇸 Treasury Secretary Scott Bessent says the entire economy is not at risk of recession.

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🇺🇸 Department of Government Efficiency (DOGE) has been shutdown and "no longer exists," according to Trump Administration officials.

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🚨🚨 AI could wipe out half of all entry-level white-collar jobs and spike unemployment to 10% to 20% in the next one to five years, Anthropic CEO Dario Amodei has said.

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🚨🚨 Apple, $AAPL, has officially cut dozens of jobs within its global sales division, per CNN.

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🇺🇸 Bank of America says gold could hit $5,000 in 2026.

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📊 Market Overview:

SPX: $6705
NASDAQ: $22872
DXY: $100

Gold: $4156
Silver: $50
Bitcoin: $87488

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BREAKING: President Trump is considering firing FBI Director Kash Patel, per MSNBC.

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📊 OpenAI needs to raise at least $207 billion by 2030 so it can continue to lose money, HSBC has estimated.

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🇺🇸 White House says tax refunds in 2026 are projected to be the "largest ever.".

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🚨🚨 New cases of norovirus are exploding across the U.S., per ABC News.

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🚨🚨 Stock Market to plunge 80% warns Hedge Fund Legend Mark Spitznagel.

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🇮🇳🇦🇪 India and the UAE have reviewed the progress under the CEPA that led to an increase in bilateral trade to $100B in FY25.

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🇺🇸 71% of Americans say they're spending "more" money on groceries than a year ago.

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🇺🇸 Trump has said, "We may be cutting income tax almost completely because of tariff proceeds.".

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