Daily Market Commentary

December 1, 2021

Bonds & Stocks
Stocks climbed as dip buyers emerged after a sell off, with analysts citing prospects for intense volatility amid a spike in global coronavirus cases and signals the Federal Reserve will step up efforts to curb inflation.

In a clear sign that the Federal Reserve is shifting to tighter monetary policy, Jerome Powell -- who’s spent months arguing that the pandemic surge in inflation was largely due to transitory forces -- told Congress on Tuesday that it’s  “probably a good time to retire that word”.

Global manufacturing activity stabilized last month, though difficulties in sourcing components persist and the sector must now grapple with the challenge posed by the omicron variant of the coronavirus.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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