Market 11/26: FED Members Want to Cut Rates Slower

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Key highlights:

• FOMC: Many members want to cut slowly

• $70 Billion 5-year bonds sell extremely successfully

• Trump threatens 25% tariffs on Canada and Mexico

• Oil prices fluctuate sharply in both directions

• Biden considers government insurance covering weight loss drugs

• Intel will still receive $7.9 out of $8.5 billion from the government

• Japan service PPI higher than expected

• New home sales unexpectedly plunge hardest in 11 years

• CB consumer confidence index surges

• Zoom: Good report, high expectations, stock plunges

• Market: SPX continues to try to break the high before the holiday