and the Volatility Index Hit a six-month high at $28, in “STRONG BUY” territory. Many technical services have the market bottoming today or next week, which, because of Thanksgiving, only has 3 ½ trading days. We will likely hit bottom when Bitcoin hits the April low at $77,500 and bounces hard. Bitcoin hit $82,000 last night.

but the Unemployment Rate rose 0.1% to 4.4%, a 2025 high. That dashed the hope for a Fed interest rate cut in December and prompted a 1,100-point plunge in the Dow Average. Uncertainty is running rampant, increasing market volatility.

Sales of previously owned homes in October rose to 4.1 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were up 1.7% year over year. The inventory of homes for sale fell to 1.52 million units, down 0.7% from September, although still nearly 11% higher than a year earlier. At the current sales pace, there is a 4.4-month supply, still considered lean.

It has been acquired by an investor group led by Consortium Brand Partners and including Todd Boehly's investment firm Eldridge Industries, for under $300 million. The investment represents an opening foray into the restaurant category for Consortium Brand Partners, which owns activewear brand Outdoor Voices, home decor company Jonathan Adler, and lifestyle brand Draper James, which was founded by actress Reese Witherspoon.

a four-month high. Manufacturing came in slightly weak. Business activity growth accelerated for a second successive month in November, according to early ‘flash’ PMI data, accompanied by the largest rise in new business seen so far this year. Confidence in the year ahead outlook also improved markedly, notably reflecting reduced worries over the political environment and hopes for increased policy support to business.