Oil, gold, bitcoin all rise—November 25, 2024

The Market Minute for November 25th, 2024, covers U.S. equities making steady gains with the equal weight S&P 500 up 2.5% and notable events like Alphabet's DOJ suit and Nvidia's earnings. In fixed income, rapid shifts in Fed expectations have catalyzed a steady uptrend in the two-year Treasury yield, while broader fixed income performance saw high yield outperforming. Commodities saw crude oil prices rising due to geopolitical tensions, and a 5% rebound in gold prices driven by the reflationary Trump trade, while Bitcoin surged near $100,000. Economic highlights include a decrease in initial jobless claims to a six-month low and mixed housing data with increased existing home sales but a decline in housing starts.

A weekly recap of equities, fixed income, commodities, and macroeconomic analysis from the FS Investments research team.
To read the full market minute or to sign up for the weekly email, with charts and data, go to https://fsinvestments.com/marketminute