with Trump bailing on a trade war with Europe and claiming he won what the US already had. A major Air Force base has been at Thule since 1954. I promised you smaller returns this year with more volatility, and we are getting it in spades. The Dow sold off 1,200 points, then made it all back for an unchanged week, but we got stopped out of our Apple position.

with Europeans discussing dumping all their US stocks and bonds, some $8 trillion worth. Markets behaved this week like this was a possibility, with US stocks, bonds, and currency all tanking. Europe would rather invest in friends than enemies. The self-immolation of America continues.

up 1,000 to 200,000. The Labor Department's weekly jobless claims reports have, in recent weeks, been clouded by challenges adjusting ​the data for seasonal fluctuations around the year-end holiday season and turn of the year. Through the volatility, however, the labor market has remained in what economists and policymakers ‌call a "low-hiring, low-firing" state.

from 2.7% to 2.8%, according to the central bank's preferred gauge released Thursday. The personal consumption expenditures price index, a Commerce Department measure the central bank uses as its main forecasting tool, showed inflation at 2.8% for the month, both for headline and core, in line with the Dow Jones consensus. In addition, the department's Bureau of Economic Analysis reported that the rate for October was 2.7% on both a headline and core basis, the latter excluding volatile food and energy prices. The monthly figures showed a 0.2% increase for both months. 

Analysts across Wall Street cut their (NFLX) price targets after the streamer highlighted other areas of concern, such as slowing momentum in average viewing hours per member. Netflix earned 56 cents per share on $12.05 billion in revenue. That slightly exceeded the 55 cents per share and revenue of $11.97 billion. Along with slowing viewing hours, analysts were also disappointed with the company’s earnings and revenue guidance for the current quarter and its margin guidance for the full year 2026.