Episode Details

The Nasdaq advanced 0.6% to settle at 18,791.81, while the S&P 500 added about 0.4% to close at 5,893.62. The Dow Jones Industrial Average fell 55.39 points, or 0.1%, to finish at 43,389.60.
 Consumer discretionary has rallied around 10% in November, making it the best-performing S&P 500 sector during the period.  Tesla is up around 36% since the election!

ASX to inch higher. SPI Futures up 9 points (+0.11%).

• WTI jumped 3.16% following news that production at Norways Johan Sverdrup oilfield had been halted adding to earlier gains from an escalation of the Russia-Ukraine war.
• Gold up 1.89% following six consecutive days of losses after the USD’s rally halted.
• Copper up 0.71% on a weaker USD, but gains were limited by uncertainty about US tariffs and China stimulus.
• Lead surprised, rising 1.64% despite a 27% jump in LME inventories and aluminium dropped 1.69% on some profit-taking after rallying 5.54% on Friday following China’s announcement that it would cancel tax rebates for exports of aluminium.
• Uranium up 0.61% and Iron ore gained 1.90%.

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