🆘️ BLACK FRIDAY NEWS ⛔️

The pulse of the tech giants (7 Magnificent)

Citi warns: technology giants like NVIDIA, Microsoft, and Apple (which represent 20% of the S&P 500) are now the true barometers of the market. While NVDA and GOOGL have been leading this year, others like Meta, Tesla, and Amazon have been passengers. This dispersion may increase volatility and break the narrative of "invincible megacaps."

2. Black Friday: consumption under scrutiny

Friday, November 29 marks Black Friday, key to measuring the health of consumption in the U.S. After months of negative sentiment and high inflation, sales could set the tone for the final stretch of the year, especially in retail sectors and consumer-oriented technologies.

3. Volatility and liquidity at lows

JP Morgan warns about historically low liquidity in U.S. equity futures, meaning that any movement could be amplified. Systematic funds have reduced long positions, but the risk of sharp declines or increases remains latent.

4. PMI and macro data: recession or rebound?

Pay attention to the manufacturing PMIs (Europe and the U.S.) and the employment data in the U.S. The U.S. ISM Manufacturing PMI will be released on December 1 and may be decisive in anticipating whether the economy maintains its pulse or enters contraction territory.

5. Bitcoin and crypto: end of the party?

The collapse of Bitcoin—which has lost a third since recent highs—and the drop of over 1 trillion dollars in the crypto market may trigger forced selling or contagion to other risk assets. $BTC #BTC