11.12.24 - US Inflation data in focus
US inflation rose to 2.7% in November, matching analysts forecast. Up from 2.6% the month before and 2.4% in September, investors expect a rate cut by the Fed in December.
Markets: US tech stocks edge higher reaching new record levels. Gold and silver benefit while US interest rates fall.
My view: US markets, especially some tech names look overbought. Too much of optimism? Take profit stance leading to market volatility could rise into year end.
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