Charts & Chat - November 30, 2025

This week, CEO Eric Boyce, CFA discusses:

1. 3rd quarter GDP looking close to 4% annualized; retails sales setting up positive 4th quarter 2025 growth scenario

2. probability of rate cut this next month increased based on recent Fed speakers and weaker labor data; regional data is mixed, but overall data has a positive bias

3. sentiment lower overall, and dragged down by lower incomes; creates some ambiguity over first quarter 2026 economic growth prospects

4. house price growth stalling; pending home sales showing some signs of life

5. market breadth discussion - Mag 7 versus the rest of the index; growth versus value, large versus small could be at an inflection point(?)

6. Potential signals from increased insider selling; however, increased foreign investment in US markets

7. yield curve discussion; some of the reason behind gold's rise

8. commodity markets settling down; crude oil futures lower