... between leaders and the "second tier" is widening. Macroeconomic Environment: Rates, Inflation, Dollar Federal Reserve rates and the trajectory of inflation determine acceptable valuations . The market anticipates a soft landing for the U.S. economy ... ... strong dollar enhances the global appeal of U.S. assets , while simultaneously putting pressure on revenues of exporters with high foreign sales. Currently, the balance of these factors favors growth stocks. Passive Strategies and ETF Flows Index Funds: ...

... (down from over 9% previously), supporting the bond market (the RGBI index surpassed 120 points, and yields on OFZ decreased). High oil prices and a pause in sanction rhetoric contributed to the ruble strengthening below 80 to the dollar. The Russian market ... ... additional stimulus measures for China's economy. Weak inflation may prompt Beijing to implement new measures—whether reducing rates by the People’s Bank of China or fiscal stimuli. News on this front will impact commodity markets and the currencies of ...

... have been succeeded either by long-term stagnation or substantial market declines. Why is the S&P 500 CAPE So High? The rise in the CAPE ratio has been driven by several factors: Record Levels of the Stock Market – the S&P 500 has set multiple new highs in 2024. Investor Optimism – expectations of ongoing economic growth and declining Federal Reserve rates are fueling demand for stocks. Growth in the Technology Sector – companies in the AI, chip, and Big Tech sectors continue to demonstrate strong profitability and attract capital. Liquidity Influx – high levels of market liquidity are contributing ...

... the British pound. 12:30 MSK: UK - Services and Composite PMI for November The services sector is central to the UK economy. High readings will support the pound and strengthen investor confidence. 13:00 MSK: Eurozone - Producer Price Index (PPI) for ... ... indicates inflationary pressures in the manufacturing sector. An increase in this index may heighten expectations for further rate hikes by the ECB, potentially strengthening the euro. 16:00 MSK: Brazil - Services and Composite PMI for November The indicators ...

... slowing. According to IEA forecasts, global coal production could reach around 9.2 billion tons this year, marking a historic high. China's internal coal production increase remains a key contributor to this growth as part of its energy security strategy.... ... countries are announcing plans to gradually phase out coal from their energy balance, so demand is increasing at a much slower rate than production. In Russia, coal continues to hold a significant share in both electricity generation and industry export ...