– Stock and bond prices moved higher during Thanksgiving week, while Commodities declined.
– All sectors advanced except Energy. Energy has had a terrible run. $10K invested in the sector 5yrs ago would be with a little over $8,700 today, including dividends.
– Trump restores tariffs on steel & aluminum from Argentina and Brazil. China sees a surprise recovery in manufacturing during Nov, advancing to an 8-mo high.
– Fed policy shift – Financial Times reports that Fed might introduce a rule to let inflation overshoot a 2% target to stimulate price growth.