U.S. Government Shutdown Drags On
Risk stayed split: shutdown pressure, crypto strength, and softer gold. Bank of America set its Investor Day for next week as traders weighed headlines against thin liquidity.
TL;DR:
- 🏛️ U.S. shutdown continues; services disrupted
- â‚ż Bitcoin up 42% in November
- 🪙 Gold drops as dollar strengthens
- ⚠️ Kiyosaki warns of market crash
U.S. Government Shutdown Continues
Congress remained deadlocked on spending levels and health insurance subsidies, extending the federal shutdown with furloughs and service disruptions. Equity tone stayed cautious; SPY ranged 679.31–686.58 and settled near 682.06 into the close as traders favored defense over leverage. The longer the standoff lasts, the bigger the drag risk for Q4 growth and government contractors. Source
Bitcoin Surges 42% in November
Bitcoin jumped 42.49% for November on roughly $3.5 billion in ETF inflows and growing institutional demand. The move lifted crypto proxies and tightened short risk across high-beta names. Watch pullbacks into prior breakout zones for defined-risk entries. Source
Gold Prices Slide on Dollar Strength
Gold extended a two-week slide, now nearly 10% off mid-October highs as the U.S. dollar firmed and geopolitical stress eased. Flows rotated out of havens, pressuring miners and bullion-linked ETFs. Key support sits near recent swing lows; a close below increases downside momentum risk. Source
Robert Kiyosaki Warns of 'Massive Crash'
Robert Kiyosaki flagged the start of a “massive crash,” urging a shift toward gold, silver, Bitcoin, and Ethereum. The call reinforced defensive chatter but met a mixed response given crypto strength and equity resilience. Use it as a sentiment check, not a signal—price action still rules the tape. Source