\ud83d\ude80 The Week Ahead: Risk is Back On!\u00a0\ud83d\udcc8<\/p>\n
Here\u2019s what to watch this week in markets, politics, and\u00a0crypto:<\/p>\n
\ud83c\udfa9 Scott Bessant Tapped for Treasury Secretary
President-elect Trump\u2019s pick of hedge fund manager Scott Bessant for Treasury Secretary could spark a year-end rally \ud83d\udcca. 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.<\/p>\n
\ud83d\udcc8 US Stocks Poised for Fresh Highs
The Bessant effect could drive the S&P 500 to new records \ud83d\udcc9\ud83d\udcca. 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\u2019s moderate approach to tariffs \ud83c\udf10. Could this also lift Chinese stocks?\u00a0\ud83e\udd14<\/p>\n
\ud83d\udcb2 Dollar Down, but Not Out
The dollar opens weaker, with EUR\/USD surging above $1.0470 \ud83d\udcb6\u27a1\ufe0f\ud83d\udcb5. While Bessant\u2019s moderation could temper its safe-haven appeal, US economic strength keeps the dollar in play. Expect any dips to attract buyers\u00a0\ud83d\udcc9\ud83d\udcb5.<\/p>\n
\ud83c\uddec\ud83c\udde7\ud83c\uddeb\ud83c\uddf7 Ratings Watch: UK & France
\ud83d\udcc9 UK: Moody\u2019s rating update on Friday will weigh the UK Budget and rising borrowing.
\ud83c\uddeb\ud83c\uddf7 France: S&P\u2019s review could reflect budget concerns, with a possible negative outlook for French\u00a0bonds.<\/p>\n
\ud83d\udcb0 Bitcoin Eyes $100K
Bitcoin has rebounded over $1,000 this week \ud83d\udcb9 and continues to flirt with the $100,000 milestone. Expect volatility as key options levels near $98K-$99K could slow the climb\u00a0\ud83d\udcc9\u27a1\ufe0f\ud83d\udcc8.<\/p>\n
\ud83d\udecd\ufe0f Black Friday Mania
Black Friday will test the US consumer\u2019s strength \ud83d\udcb3\ud83d\uded2. 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 \ud83d\udcc8.<\/p>\n
\ud83d\udcdc FOMC Minutes & Data Deluge
Fed minutes on Tuesday could clarify the chances of a December rate cut (currently 55%) \ud83d\udcc9.
Key releases to\u00a0watch:<\/p>\n
US PCE inflation (Thursday) \ud83d\udd25\ud83d\udcca
Eurozone CPI (Friday) \ud83d\udd04\ud83c\uddea\ud83c\uddfa
UK retail sales (Tuesday) \ud83c\uddec\ud83c\udde7
\ud83c\udf0d Global Central Banks in\u00a0Focus<\/p>\n
RBNZ: Expected 50bps rate cut on Wednesday, but a hawkish tone may revive the NZD \ud83c\uddf3\ud83c\uddff.
BOJ: November Tokyo CPI could hint at a December rate hike, with Governor Ueda already suggesting moves\u00a0\ud83d\udea6\ud83d\udcc8.<\/p>\n
\ud83d\ude80 The Week Ahead: Risk is Back On! \ud83d\udcc8<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83d\ude80 The Week Ahead: Risk is Back On!\u00a0\ud83d\udcc8 Here\u2019s what to watch this week in markets, politics, and\u00a0crypto: \ud83c\udfa9 Scott Bessant Tapped for Treasury SecretaryPresident-elect Trump\u2019s pick of hedge fund manager Scott Bessant for Treasury Secretary could spark a year-end rally \ud83d\udcca. Known as a fiscal hawk, Bessant might reverse the bond market sell-off, potentially […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-23374","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23374"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23374"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23374\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}