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The stock market experienced its second-best November since the 1980s, largely due to rising bond prices as indicated by the iShares 20 Plus Year Treasury Bond ETF (TLT), and amplified by market mechanics. Investors are advised to watch for a potential break above the lower resistance zone in bonds, which could trigger another stock market rally. Jerome Powell's speech in Atlanta is anticipated, with the market looking for indications on interest rate cuts. If Powell supports the market's rate cut projections, a significant rally is expected; if he contradicts them, a pullback is likely. Early trade money flows are negative for major tech stocks and ETFs like SPY and QQQ. The momo crowd is buying stocks and gold, while smart money activity is undisclosed. Oil trading is volatile due to OPEC+ uncertainties, and Bitcoin is showing a positive bias, potentially aiming to break above $40,000.

Portfolio Pulse from The Arora Report

December 01, 2023 | 4:37 pm

MSTR

Dogecoin (DOGE) is up 7.1% amid a broader crypto market rally, following MicroStrategy's purchase of 16,130 Bitcoins. The SEC's confirmation of Fidelity Investments' Ethereum ETF application also contributes to the positive sentiment in the crypto market, which tends to benefit Dogecoin due to increased investor confidence and potential spillover effects.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 4:31 pm

$1000 invested in Waste Management (NYSE:WM) 10 years ago would now be worth $3,869.56, with the stock outperforming the market with an average annual return of 14.55%. Waste Management's market cap stands at $68.69 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:30 pm

IWM

QQQ

TLT

The U.S. manufacturing sector recorded its thirteenth consecutive month of contraction in November, with the ISM Manufacturing PMI remaining at 46.7, below forecasts of 47.6. Key indexes such as New Orders, Production, and Employment all indicated contraction, while the Prices Index showed a significant increase. S&P Global's U.S. Manufacturing PMI also contracted to 49.4. Treasury yields fell, and the iShares 20+ Year Treasury Bond ETF (TLT) rose slightly, while tech stocks dropped, as seen with the Invesco QQQ Trust (QQQ). Small caps tracked by the iShares Russell 2000 ETF (IWM) increased.

Portfolio Pulse from Piero Cingari

December 01, 2023 | 4:16 pm

EOG

EOG Resources (NYSE:EOG) has delivered an average annual return of 12.76% over the past 20 years, outperforming the market by 5.23% annually. A $1000 investment in EOG 20 years ago would be worth $11,101 today. EOG's market cap stands at $72.19 billion, highlighting the significant growth and the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:00 pm

SCCO

Over the past 10 years, Southern Copper (NYSE:SCCO) has produced an average annual return of 11.8%, outperforming the market by 1.99% on an annualized basis. With a current market capitalization of $55.93 billion, a $1000 investment in SCCO a decade ago would be worth $3,023.20 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:00 pm

BTCUSD

ETHUSD

THETAUSD

TIAUSD

Cryptocurrency prices are on the rise, with Bitcoin (BTC) surpassing the $38,000 level and Ethereum (ETH) breaking above $2,100. Celestia (TIA) is the top gainer with a 15.7% increase, while Theta Network (THETA) is the biggest loser, dropping by 4.1%. The global crypto market cap has increased by 2.6% to $1.46 trillion.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 3:49 pm

EQIX

Over the past 10 years, Equinix (NASDAQ:EQIX) has produced an average annual return of 17.13%, outperforming the market by 7.31% on an annualized basis. A $100 investment in EQIX a decade ago would be worth $502.90 today. Equinix currently has a market cap of $76.39 billion. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:30 pm

MCK

Over the past 15 years, McKesson (NYSE:MCK) has produced an average annual return of 19.11%, outperforming the market. A $100 investment in MCK 15 years ago would be worth $1,404.97 today. McKesson's market capitalization currently stands at $62.80 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:30 pm

AGG

SPY

UDN

UUP

The U.S. dollar experienced a decline in November, with the dollar index (DXY) falling 3.1% as markets anticipated the Federal Reserve might start cutting rates in early 2024. Despite a slight comeback in the last two days of November, analysts expect the dollar's rally to be short-lived due to high rate cut optimism and equity market gains. The S&P 500 index rose 8.9% in November, and the SPDR S&P 500 ETF (SPY) gained 9.1%. The Invesco DB USD Index Bullish Fund ETF (UUP) fell 2.5%, while the Invesco DB US Dollar Index Bearish Fund (UDN) rose 3.3%. The iShares Core U.S. Aggregate Bond ETF (AGG) gained 4.3% as U.S. government bond prices increased and yields retreated from 16-year highs.

Portfolio Pulse from Neil Dennis

December 01, 2023 | 3:27 pm