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Hope everyone is keeping well and warm during this festive period! 

Quick comments on markets:

🚩 Reports suggest that consumers are spending well, and retails stocks are playing catch up! - A record number of 202 million consumers shopped from Thanksgiving Day to Cyber Monday, which is up from 197 million last year and tops the 2023 record of 200.3 million. Retail ETF, XRT is up almost 4% since Black Friday! 

🚩 All eyes are on FOMC in 3 days time! - 86% chance of rate cuts and Trump is likely to appoint a new Fed Chair for 2026. If spending levels are too strong, it could signal to the Fed that it does not need to cut rates to prop up the economy. While Fed is more focus in jobs now, inflation is always at the back of their mind too.

🚩 Top 20% Income Holds MOST Equities - From Bank of America, top 20% income househod held an average of USD1.6m in equities and shares. Which is 10X more than the next 20%. (You know which group you need to be in)

Still bullish going into Christmas 🎄

Stay Frosty! Its cold outside 🥶

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Happy Hunting!

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.