🚀 The Week Ahead: Risk is Back On! 📈
Here’s what to watch this week in markets, politics, and crypto:
🎩 Scott Bessant Tapped for Treasury Secretary
President-elect Trump’s pick of hedge fund manager Scott Bessant for Treasury Secretary could spark a year-end rally 📊. Known as a fiscal hawk, Bessant might reverse the bond market sell-off, potentially lifting 10-year yields from the current 4.32%. This could also disinvert the US yield curve, bolstering market confidence.
📈 US Stocks Poised for Fresh Highs
The Bessant effect could drive the S&P 500 to new records 📉📊. Futures opened higher, and with short Treasury positions at extreme levels, we might see a sharp reversal. Meanwhile, global risk sentiment is buoyed by Bessant’s moderate approach to tariffs 🌐. Could this also lift Chinese stocks? 🤔
💲 Dollar Down, but Not Out
The dollar opens weaker, with EUR/USD surging above $1.0470 💶➡️💵. While Bessant’s moderation could temper its safe-haven appeal, US economic strength keeps the dollar in play. Expect any dips to attract buyers 📉💵.
🇬🇧🇫🇷 Ratings Watch: UK & France
📉 UK: Moody’s rating update on Friday will weigh the UK Budget and rising borrowing.
🇫🇷 France: S&P’s review could reflect budget concerns, with a possible negative outlook for French bonds.
💰 Bitcoin Eyes $100K
Bitcoin has rebounded over $1,000 this week 💹 and continues to flirt with the $100,000 milestone. Expect volatility as key options levels near $98K-$99K could slow the climb 📉➡️📈.
🛍️ Black Friday Mania
Black Friday will test the US consumer’s strength 💳🛒. With a record 184.4M shoppers expected this weekend, sales data from Amazon, Walmart, and Target will set the tone for year-end risk sentiment 📈.
📜 FOMC Minutes & Data Deluge
Fed minutes on Tuesday could clarify the chances of a December rate cut (currently 55%) 📉.
Key releases to watch:
US PCE inflation (Thursday) 🔥📊
Eurozone CPI (Friday) 🔄🇪🇺
UK retail sales (Tuesday) 🇬🇧
🌍 Global Central Banks in Focus
RBNZ: Expected 50bps rate cut on Wednesday, but a hawkish tone may revive the NZD 🇳🇿.
BOJ: November Tokyo CPI could hint at a December rate hike, with Governor Ueda already suggesting moves 🚦📈.
🚀 The Week Ahead: Risk is Back On! 📈 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.