Outrageous Predictions
Révolution Verte en Suisse : un projet de CHF 30 milliards d’ici 2050
Katrin Wagner
Head of Investment Content Switzerland
Senior Relationship Manager
Résumé: US Yields drop ahead of FOMC and new Fed Chair
Good morning,
I will be off for the next two days; the next update will be on Monday.
Russia and the U.S. did not reach a compromise on a possible peace deal to end the war in Ukraine after a five-hour Kremlin meeting between President Vladimir Putin and Donald Trump's top envoys, the Kremlin said on Wednesday.
Lower yields, based on the expectation that the next Fed chair will be a dove, boosted sentiment: The Dow rose 0.4%, the S&P 500 0.25%, and the Nasdaq 0.6%. The 3-month US yield fell to 3.78%, the lowest in 3 years.
Boeing increased its forecast and rose 10%. Intel had another great day as rumors firm that the company will deliver chips to Apple.
Airbus cut its delivery forecast to 790 from 820.
While gold and silver are meandering at 58 and 4210, respectively, Bitcoin had a stellar day yesterday, recovering 8000 USD to now 93500.
The USD Index is again on the way to test the 99, currently at 99.10, as EURUSD is at 1.1650, GBPUSD at 1.3250, and USDJPY at 155.50.
China's services growth slipped to a 5-month low in November, private PMI shows. We expect PMI releases throughout the day, with the EU at 10 and the US at 15:45 & 16:00 being the most important.
Traders are looking for the next inspiration as there is little in terms of relevant economic input. Sentiment remains the key driver as the Fed is in lockdown, and economic data we receive is mainly lagging due to the US government shutdown and key earnings releases.
Most likely, the next key event will be the FOMC meeting next week, but that does not mean markets will be calm—be prepared for nervous shifts at any point in time.
Please to enjoy our outrageous predictions, for 2026 it was difficult to identify things that could be considered outrageous after the past year but I do believe we made it!