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- šŗWOLF Financial Weekly - Issue #161: Your Gateway to Financial Freedom
šŗWOLF Financial Weekly - Issue #161: Your Gateway to Financial Freedom
Here's our Market Recap for Another Historical Week...
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šØTop Tweet of the Week!šØ
The biggest story of the week: The rise of AI is here, and itās impact is becoming increasingly evident.
The rise of AI will cause a MASSIVE data explosion, significantly increasing the demand for cybersecurity -- here are 10 ways enterprises can protect against this upcoming surge in data? š§
1. $CYBR specializes in privileged access security, protecting sensitive data andā¦ x.com/i/web/status/1ā¦
ā Shay Boloor (@StockSavvyShay)
1:43 PM ā¢ Nov 28, 2024
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COMMUNICATED - DISCLAIMER:
This Weekās Market Recapā¦ š
Happy Thanksgiving!
I hope you had a wonderful time celebrating with family and friends. Thanksgiving is a great reminder to pause, reflect, and express gratitude for the people and opportunities in our lives.
This week has been relatively quiet, with many focused on the holiday. The markets have remained mostly unchanged since Monday, and Friday is expected to be uneventful as well.
One key economic update this week was the release of the Fedās preferred inflation measure, PCE. The data met expectations and showed inflation at its lowest level since March 2021.
As new economic data rolls in and Fed officials continue to share their views, Iām leaning toward the Fed holding rates steady at their December meeting, a move I think is appropriate given current conditions.
Another notable development came from President-Elect Trump, who proposed new tariffs: a 25% tariff on Canadian imports and an additional 10% on Chinese imports. The markets took this news in stride, with the dollar showing strength.
My Schedule This Week!
Have a Blessed Weekend!
Disclaimer: Wolf Financial does NOT offer financial advice. All content provided is strictly for informational purposes. Wolf Financial is not registered as an investment, legal, or tax advisor, nor as a broker/dealer. Please be aware that trading any stock or crypto-related asset carries inherent risks and may lead to substantial capital losses.
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