At the end of the week, I don't pin the bottom of the lion. Despite several attempts to bounce back, the markets were dominated by bears, mainly due to geopolitical uncertainty, fears of an AI bubble and the Fed's nervousness. At the time of the announcement, the American indices are trying to erase the losses. The US500 is up 0.90% and the US100 is up 0.70%. The US2000 index strengthened by 2.30% due to the biggest gains in small companies. This week has been particularly bad for tech stocks. The US100 lost 3.55% for the week, and fell 4.80% in daily sales. Eli Lilly (LLY.US) today officially joined the elite club of American companies with a capitalization of over 1 trillion dollars. It thus became the tenth company in the USA to receive this award. The BLS announced that the labor input index for the third quarter will be released on December 10. At first, the report on public debt for the yen was cancelled, while November inflation (CPI) will be published on December 18. A look at PMI data from the US paints an overall solid picture: the manufacturing index fell to 51.9 (vs. e.g. 52.0; previous 52.5), the composite index remained at 54.8 (previous 54.6). Chris Williamson of S&P Global said the data indicated roughly 2.5% annualized GDP growth in the 4th quarter, supported by output growth in both manufacturing and services and an improvement in the business climate. John Williams from the Fed confirmed that the monetary policy is slightly restrictive and there is room for further rate hikes in the near term, even with rising inflationary pressures. He added that the tariffs are 0.50, 75% inflation-adjusted, but according to him, a small basic rate agreement is justified due to the slowing down of the labor market. ances for December's dream rates rose to 73%, while they were only 38%. The University of Michigan data turned out better than expected. Inflan oekvn fell to 4.5% (1 year) and 3.4% (5 years), while the consumer door increased to 51 points (oek. 49; previous 50.3). Today, the crypto market is again showing declines. Bitcoin itself today lost a dog of 4.50% after testing $80,000. Ethereum shed 4.70%. The sale is caused by a combination of factors: low liquidity, panic about the end of the cycle, selling by long-term investors and negative sentiment on the stock markets. MicroStrategy's preferred shares have lost 7% this week and 13.5% for the month as sentiment in the cryptocurrency market has turned sour. This development raised questions about the company's ability to finance purchases of Bitcoin and meet obligations to dividend holders. !–cleared–>
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