Holiday-Thinned Markets Lift Stocks as Gold and Silver Surge
U.S. indexes notched record closes, but gold and silver led amid hedging demand and Fed timing uncertainty.
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
U.S. indexes notched record closes, but gold and silver led amid hedging demand and Fed timing uncertainty.
Stocks hit new highs as hiring cools, mortgage rates edge down, and China chip tariffs are delayed.
USTR sets Chinese chip import tariffs at 0% for 18 months, buying supply-chain runway and delaying cost shocks.
Freddie Mac shows 30-year rates steady near 6.2%, while rising inventory boosts buyer negotiations despite tight affordability.
Initial claims fell, but continued claims rose, shaping 2026 Fed easing bets and mortgage rates.
Stocks hit records on AI megacaps as 4.3% GDP complicates rate-cut bets and dealmaking accelerates.
As the White House pushes faster AI adoption, software spending pivots toward security, governance, and tighter controls.
Summer growth beat forecasts, but sticky essentials inflation and cooling job security are dragging sentiment.
AI megacaps powered a thin Santa rally as Q3 GDP beat trimmed near-term cut odds, while gold hit records.
Tariffs of 21.9% to 42.7% deepen the EV-linked trade spat, pressuring EU exporters and aiding Chinese producers.
Miran downplayed inflation distortions and urged further easing as markets watch delayed GDP and PCE prints.
Stocks rose as semis and AI infrastructure rebounded, with broad sector gains and subdued volatility.