👀👀👉Silver is trading near record territory and has already set a new all‑time high this month.
Recent spot and futures quotes show silver in the low‑to‑mid 50s per troy ounce, after a very fast move higher in November. In mid‑November, prices briefly spiked above 53–54 dollars, establishing a new nominal all‑time high versus the 1980 and 2011 peaks near 50 dollars. Intraday, silver has already exceeded its prior historic peaks, with one widely watched benchmark citing an all‑time high around 54.5 dollars per ounce in October 2025.
This often signals strong momentum and can attract additional buying, while longer‑term investors may view it as confirmation of a structural bull market in precious metals.
👀👀👉Steady US Job Market But Slowing Growth Points to Possible Rate Cuts Next Month
Recent data on unemployment claims in the US reveals a labor market that remains steady but shows signs of slowing down. For the week ending November 22, 2025, initial claims for state unemployment benefits dropped slightly by 6,000 to a seasonally adjusted 216,000. This small decrease suggests layoffs are staying low despite ongoing economic uncertainties.
At the same time, the number of continuing claims—people still receiving benefits after their first week—rose by 7,000 to 1.96 million for the week ending November 15. This increase points to slower hiring and longer periods of unemployment for some workers, highlighting challenges in moving from joblessness back to work.
These mixed signals suggest a labor market that is stable but not strong. Fewer new layoffs mean companies aren't shedding workers aggressively, but the longer unemployment spells indicate hesitation among employers to expand quickly. Factors such as higher tariffs, weak manufacturing orders, and cautious business behavior are likely slowing down economic momentum.
Economists see this pattern as a sign that the economy is avoiding a recession but growing at a moderate pace. Recovery in employment is uneven, with some workers taking longer to find new jobs. This can be an early warning of slower economic growth ahead.
The Federal Reserve has noted this trend. After lowering interest rates slightly in October 2025 to support moderate expansion and keep inflation in check, the Fed is watching data closely. The current labor market picture—stable job losses but slow hiring—supports potential future rate cuts, but the timing depends on how inflation and employment trends develop.
Overall, the US economy appears to be in a cautious phase, with steady but cooling job gains. Both workers and policymakers are navigating a landscape of modest growth amid some economic headwinds, keeping a close eye on what comes next.
👀👀👉Stocks extended their rebound on Tuesday, with major U.S. indexes rising again as falling Treasury yields and growing expectations for Federal Reserve rate cuts supported risk appetite. Under the surface, leadership broadened beyond the biggest tech winners, while some high‑flying AI chip names lagged on competitive headlines.
👉The S&P 500 gained roughly 0.9%, the Dow Jones Industrial Average rose about 1.4%, and the Nasdaq Composite added around 0.7%, marking a third straight up day for the major benchmarks.
👉Most S&P sectors finished higher, with economically sensitive groups and select retailers outperforming as earnings and holiday‑shopping expectations stayed resilient. Consumer names like Best Buy and other retailers climbed on stronger‑than‑expected results and improved guidance.
👉In contrast, Nvidia and Advanced Micro Devices fell after reports that Meta Platforms may increase its use of Alphabet’s Google AI chips, raising concerns about longer‑term competition in high‑end AI semiconductors.
👀👀👉September 2025 PPI Shows Moderate Inflation Amid Energy Price Surge, Influencing Fed Policy Outlook??
The U.S. Bureau of Labor Statistics (BLS) released the Producer Price Index (PPI) data for September 2025 after a significant delay of over 40 days, caused by the federal government shutdown. The delay pushed the release closer to the key December Federal Open Market Committee (FOMC) meeting. The September PPI showed a 0.3% month-over-month increase in final demand prices, driven mainly by a 3.5% rise in energy prices and an 11.8% jump in gasoline costs. Core inflation, excluding food and energy, remained modestly up by 0.1%, indicating some price stability in other sectors.
The delayed PPI release means that this fresh inflation data will likely be incorporated into the FOMC's deliberations in December, increasing its relevance for the Fed’s policy decisions. Given that inflation pressures are still evident, especially from energy and goods prices, the Federal Reserve may take a cautious and data-dependent approach, potentially slowing any aggressive interest rate cuts and focusing on containing inflation risks.
In terms of economic outlook, the data suggests moderate inflationary pressure, with energy costs being a significant driver. Overall, the economy appears to maintain inflation levels that warrant careful Fed monitoring but do not signal runaway inflation. This environment supports a balanced policy stance, where the Fed weighs inflation control against sustained economic growth.
This BLS PPI release underscores the impact of government shutdowns on economic data timing and highlights the importance of up-to-date inflation metrics for central bank policy. The December FOMC meeting is therefore poised to carefully consider this delayed but critical inflation snapshot in its decision-making process.
👀👀👉Today, November 25, 2025, the U.S. is releasing key inflation and consumer spending data, including the Producer Price Index (PPI), core PPI, Retail Sales, and core Retail Sales. However, these figures are notably delayed by about 40 days due to the unprecedented 43-day government shutdown earlier this fall.
The shutdown halted many federal operations, including crucial data collection and reporting by agencies like the Bureau of Labor Statistics and the Census Bureau. As a result, the October data was not recorded, creating a significant gap in monthly economic indicators. This delay has added uncertainty for policymakers and market participants trying to assess the current state of inflation and consumer demand.
👀👀👉The odds of a Federal Reserve rate cut in December 2025 have surged to around 71-81%, a significant increase from below 33% just last week.
This rise in rate cut probability follows dovish comments from Fed officials. The data from CME's FedWatch tool reflects a jump in market expectations for a 25 basis point cut in December, with probabilities reported around 71%, and some estimates even higher, close to 81%.
This shift occurred after market concerns about inflation easing and labor market softness became more pronounced, leading traders to price in a high chance of a December rate reduction. This marks a sharp reversal from earlier in the month when the odds were much lower, around 30%-40%, and reflects increased expectations for the Federal Open Market Committee's December meeting to ease policy to a more neutral stance.
The Nasdaq Composite jumped over 2.6% as stocks rallied to start the Thanksgiving week of November 2025. This strong rally in the tech-heavy Nasdaq followed a volatile period for the market, especially in the tech sector, which had been facing valuation concerns and macroeconomic headwinds. Concurrently, the Cboe Volatility Index (VIX) tumbled by about 12%, reflecting reduced market uncertainty and investor anxiety as the market rebounded. The overall stock market saw gains with investors encouraged by hopes for a Federal Reserve rate cut in December and rotation into sectors like biotechnology and retail. The market was also poised for a shortened trading week due to the Thanksgiving holiday with some expectations of upbeat action despite recent volatility.
👀👀👉Federal Reserve Revises Industrial Production Data: Implications for December FOMC Rate Cut
The Federal Reserve recently revised its indexes of industrial production, capacity, and utilization using updated benchmark data, reflecting more accurate measures through August 2025. These revisions show slower manufacturing output growth, slightly reduced capacity expansion, and lower capacity utilization than previously estimated. Manufacturing output is now understood to have declined over the recent five-year period, with capacity utilization in August 2025 registering at 75.6%, well below the long-run average. Such data revisions reveal a more subdued industrial sector performance amid ongoing economic shifts.
This revised industrial data holds significance for the Federal Open Market Committee’s (FOMC) policy decisions, especially regarding potential interest rate cuts in the December 2025 meeting. The softer output and capacity utilization figures suggest less economic overheating in manufacturing, reducing inflationary pressures and thus supporting the case for a more accommodative stance. While the FOMC evaluates a broad range of economic indicators, the downward revisions to industrial production strengthen the argument for caution on raising rates further and plausibly favor a rate cut to balance growth and inflation concerns.
In summary, the annual benchmark revisions by the Federal Reserve provide a more nuanced picture of the U.S. industrial economy, highlighting challenges that could influence the FOMC toward easing monetary policy soon. Market participants and policymakers will closely monitor this data as part of the comprehensive economic assessment guiding the December rate decision. The revised figures underscore the complexity of post-pandemic recovery and signal that the Federal Reserve may lean toward supporting growth with a rate cut at its next meeting.
🚨🚨Key Events to Watch This Week: Earnings Reports🚨🚨
This week is packed with earnings from PC/enterprise tech, software/SaaS, U.S. retailers, industrials, food, and China EVs.
👉Big tech / software Dell Technologies and HP Inc. are key reads on PC, enterprise hardware, and AI‑related infrastructure demand; markets will focus on AI server exposure, PC pricing, and any commentary on corporate IT budgets.
👉Alibaba, Zoom Video Communications, Workday , Autodesk, Zscaler , and Analog Devices tie into China consumer/cloud (BABA), collaboration and enterprise software (ZM, WDAY, ADSK, ZS), and semis (ADI), so watch cloud growth, RPO/backlog, AI‑related demand, and margin guidance.
👉Retail and consumer Best Buy, Guess , Kohl’s , Burlington Stores , Dick’s Sporting Goods , Abercrombie & Fitch , and Urban Outfitters will give a cross‑section of U.S. consumer health just as holiday season starts, including traffic trends, promotions, and inventory levels.
👉Industrials, food, and China EVs. Deere & Company is a bellwether for agricultural and construction equipment. Nio and Li Auto are key for China EV risk sentiment; deliveries, gross margin trajectory, and guidance versus intense price competition in China will be the main focus.
Key events this week include several important economic data releases amid the Thanksgiving holiday.
👉On Tuesday, the U.S. will release Producer Price Index (PPI) inflation data and Retail Sales figures. Retail sales are expected to show a moderate increase around 0.4%, continuing the trend of resilient consumer spending despite inflation concerns and anxieties about job security.
👉Wednesday features several more economic reports: Jobless Claims, Durable Goods Orders, and Core PCE inflation data. These indicators will provide further insight into the health of the labor market, manufacturing activity, and inflation trends respectively.
👉Thursday is the Thanksgiving holiday with market closures observed.
👉Friday is Black Friday, one of the busiest shopping days in the U.S., with a record 186.9 million shoppers expected during the Thanksgiving weekend period and holiday retail sales anticipated to surpass $1 trillion for the first time this season.
👀👀👉Fed Governor Christopher Waller Supports Another 25 Basis Points Rate Cut in December
Federal Reserve Governor Christopher J. Waller recently delivered a speech titled "The Case for Continuing Rate Cuts," in which he strongly advocated for a 25 basis point cut in the Federal Open Market Committee's (FOMC) policy rate at the December 9-10, 2025 meeting. Waller emphasized that underlying inflation is close to the FOMC’s 2 percent target and inflation expectations remain well anchored. Meanwhile, he highlighted significant weakness in the labor market, with slower job creation and stress on lower- and middle-income consumers. Waller expressed concern that current monetary policy is too restrictive, possibly weighing heavily on the economy, particularly in housing and auto affordability. He framed the rate cut as a prudent risk management step to provide insurance against further labor market deterioration and to move monetary policy toward a more neutral stance.
In addition to his monetary policy stance, Waller continues to be viewed as a strong candidate for Federal Reserve Chair when Jerome Powell’s term ends in May 2026. His clear focus on economic fundamentals, pragmatic use of both hard and soft data, and advocacy for rate cuts during periods of labor market fragility have won him considerable support among policymakers and economic advisers. Given these factors, Christopher J. Waller is likely to play an influential role in shaping U.S. monetary policy not only in the near term but also potentially as the next Fed Chair. This combination of advocating for a rate cut this December and his prominent candidacy for Fed Chair underscores Waller’s growing influence in U.S. monetary policy discussions as 2025 draws to a close.
👀👀👉New Home Prices Below Existing Homes: A Sign of Economic Shifts
Following the historic shift where new home prices have fallen below those of existing homes in the United States, this development reveals important insights into the state of the economy today.
The housing market faces notable slowdowns driven largely by high interest rates, which have suppressed buyer demand. With mortgage rates lingering near 6%, many potential buyers find it challenging to afford new mortgages. This environment has pushed homebuilders to lower prices and offer incentives in order to attract buyers, resulting in new homes being priced below existing ones for the first time.
A significant supply-demand imbalance has also emerged. Many homeowners are staying put to hold onto low-rate mortgages secured in previous years, limiting the supply of existing homes for sale. This "lock-in" effect restricts market inventory, supporting or pushing up existing home prices even as builders reduce prices to move new inventory.
Broader economic signals show slowing growth, cautious consumer sentiment, and weaker job creation, especially in high-income sectors important for housing demand. This has weakened buyer confidence and contributed to subdued demand for new homes. Meanwhile, inflation remains above the Federal Reserve's target, adding further uncertainty.
Despite rising incomes outpacing inflation and some stock market wealth supporting home prices, the overall housing market shows signs of stagnation. New construction has slowed, and builder confidence remains low. This price inversion between new and existing homes highlights a fragile economy characterized by rising borrowing costs, cautious consumers, and disrupted housing supply dynamics.
In summary, this market condition signals persistent challenges for both the housing sector and the broader economy. Growth is likely to remain subdued until interest rates ease and housing market conditions stabilize.
👀👀👉For the first time in history, new homes in the United States are selling at prices lower than existing homes.
In the second quarter of 2025, the median price of a new single-family home was about $410,800, which is nearly $18,600 less than the median price for an existing home at $429,400. This unprecedented inversion reflects a significant change in the housing market.
Traditionally, new homes have always been more expensive due to modern amenities, customization options, and rising building costs. However, builders have now reduced prices and offered incentives to attract buyers amid weak demand and rising inventory. Additionally, the sizes of new homes have become smaller and more affordable. Meanwhile, prices for existing homes have steadily increased, supported by limited supply and homeowners holding on to favorable mortgage terms.
This trend marks a major shift in the market dynamic and is expected to continue for some time as builders adjust their strategies. It highlights broader economic challenges buyers face today and signals important changes in how new housing inventory will be priced and sold moving forward.
🚨🚨Brazil's Former President Jair Bolsonaro Detained by Federal Police🚨🚨
Brazil's former President Jair Bolsonaro was taken into preventive custody on Saturday, November 22, 2025. This action followed a Supreme Court order that deemed him a flight risk after his conviction for attempting a coup following his 2022 election defeat. Bolsonaro, who had been under house arrest since August 2025, was transferred to the Federal Police headquarters in Brasília as a precautionary measure.
The detention was prompted partly by concerns over public safety after Bolsonaro's eldest son, Senator Flavio Bolsonaro, called supporters to stage a vigil outside his residence, raising fears Bolsonaro might attempt to flee or seek refuge in a foreign embassy. This preventive custody preceded the start of Bolsonaro's 27-year prison term resulting from his coup attempt conviction, though the recent detention was not directly related to serving that sentence.
👀👀👉iShares Bitcoin Trust ETF (IBIT) Volume Surges to $8 Billion
The iShares Bitcoin Trust ETF (IBIT) recorded a notably high trading volume of around 166 to 167 million shares on November 21, 2025, which is nearly triple its recent average daily volume of approximately 56 million shares. This elevated turnover, confirmed by multiple real-time and historical trackers, signals strong market interest and heightened trading activity in digital assets tracked by spot bitcoin ETFs on that day. For context, IBIT typically sees an average daily volume near 57 million shares over the past 65 days, underscoring the remarkable surge in volume, the closing price was approximately $47.97 per share. This increased volume reflects significant market volatility and investor engagement with the IBIT ETF during this highly active trading session.
👀👀👉November 2025 US Manufacturing and Services PMI Analysis
The latest data from S&P Global shows that the US Manufacturing PMI fell to 51.9 in November 2025 from 52.5 in October, marking a four-month low. This decline indicates a slowdown in manufacturing growth, though the sector remains in expansion territory (above 50). The drop is largely due to higher prices from tariffs restraining demand and a piling up of unsold inventory, suggesting potential deceleration in factory production in coming months.
In contrast, the US Services PMI rose slightly to 55.0 from 54.8 in October, reflecting continued robust growth in the services sector, which plays a dominant role in the US economy. The Composite PMI, which combines manufacturing and services, increased to 54.8 from 54.6, signaling overall accelerating business activity.
The survey commentaries note business confidence improvement attributed to expected interest rate cuts, the end of a government shutdown, and reduced political worries. However, inflation concerns persist due to rising input costs and selling prices.
🚨🚨November 2025 Consumer Sentiment and Inflation Expectations Update🚨🚨
The Consumer Sentiment report for November 2025 from the University of Michigan shows a decline in consumer sentiment by 4.9% to an index value of 51, reflecting the lowest levels since June 2022. Despite a slight improvement after the U.S. federal government shutdown ended, consumers remain frustrated with high prices and weakening incomes. Current personal finances and buying conditions for durables plunged, while expectations for the future improved modestly.
The report also highlights that year-ahead inflation expectations decreased slightly from 4.6% in October to 4.5% in November, marking three consecutive months of declines, yet these expectations remain significantly above the 3.3% seen in January 2025. Long-run inflation expectations softened more markedly from 3.9% to 3.4% but still linger modestly above the 3.2% reading from January 2025. Consumers continue to feel the burden of high prices on their finances.
👀👀🤔👉Solana Policy Institute Leads 65+ Crypto Firms in Letter Urging President Trump for Immediate Regulatory Action
Over 65 leading cryptocurrency organizations, led by the Solana Policy Institute, have united to urge President Donald J. Trump to take swift executive action for regulatory clarity and supportive policies in the digital asset space. The letter emphasizes the critical need for clear tax guidance on staking, mining, airdrops, and DeFi activities to reduce uncertainty and foster innovation.
The coalition calls for:
👉Immediate IRS guidance clarifying that staking and mining rewards are taxed only upon disposition and that cross-chain activities should not trigger taxable events.
👉Regulatory certainty from the SEC and CFTC, including no-action relief for developers of permissionless DeFi protocols and affirmation of self-custody rights in line with the President’s Executive Order.
👉Protection for developers and open-source software projects, urging the Department of Justice to end "regulation by prosecution" and drop charges against Tornado Cash developer Roman Storm, affirming that code is protected free speech.
This broad coalition includes major players such as Uniswap Labs, the Zcash Foundation, and many others spanning trading platforms, Web3 technology, and infrastructure developers.
The letter underscores that clear and coordinated regulatory action—complementing ongoing legislative efforts—is essential to keep the United States as the global leader in crypto innovation, investment, and finance technology.
The united voice of the crypto industry demonstrates the urgency and broad consensus for pragmatic governance that supports growth while protecting consumers and investors.
Pre-market action reflects market cautiousness following a volatile week where tech stocks, including Nvidia, faced significant declines after initial strong earnings reports failed to ease fears of an AI-driven tech bubble. Trading volume remains active, with the Dow and S&P futures showing signs of potential modest recovery, while the Nasdaq futures remain subdued.
The overall environment suggests investors weighing the impact of recent jobs data and Federal Reserve signals on interest rates, fueling uncertainty and volatility before the market opens fully.
Bitwise has achieved a major milestone with the successful launch of its spot XRP ETF on the New York Stock Exchange today, trading under the ticker “XRP.” This ETF offers direct exposure to XRP, the world’s third-largest crypto asset by market capitalization, with a management fee of 0.34%, which is waived for the first month for up to $500 million in assets.
This marks Bitwise’s second significant ETF debut in 2025, following its Solana product, highlighting its expanding role in the crypto investment space. Bitwise’s Chief Investment Officer emphasizes XRP’s strong operational track record, low transaction costs, and the fact that the XRP Ledger has processed over 4 billion transactions to date.
Importantly, this ETF targets the enormous cross-border payments market, which Bitwise estimates to reach $250 trillion by 2027. This launch opens new opportunities for investors aiming to tap into XRP’s potential.