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<p>With the conclusion of the recent government shutdown, new economic data is set to be released as we approach the Federal Reserve's upcoming policy announcement on December 10. Although inflation has recently shown a slight increase, market speculation is rife. Many recent payroll estimates from private sources suggest that the argument for further easing remains strong.</p>
<p> <a href="https://www.capitalspectator.com/weak-jobs-data-favors-another-rate-cut-in-december-maybe/#more-24950" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/weak-jobs-data-favors-another-rate-cut-in-december-maybe/" title="7:10 am" rel="bookmark"><time class="entry-date" datetime="2025-11-13T07:10:32-05:00">November 13, 2025</time></a>
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<p><a href="https://www.capitalspectator.com/wp-content/uploads/2025/11/shutdown.13nov2025.png"><img fetchpriority="high" decoding="async" class="wp-image-24947 alignleft" src="https://www.capitalspectator.com/wp-content/uploads/2025/11/shutdown.13nov2025.png" alt="" width="327" height="403" /></a><strong>President Trump <a href="https://www.cnbc.com/2025/11/12/government-shutdown-house-vote-trump.html">signed legislation</a> into law, effectively ending the longest government shutdown in history.</strong> The House of Representatives narrowly passed the bill, with nearly all Democrats voting against it, while only two Republicans sided with them. The Congressional Budget Office <a href="https://apnews.com/article/shutdown-republicans-schumer-health-insurance-tax-credits-a57733892f05a8893f5781203238e889">estimates</a> that the economic damage will mostly be mitigated post-shutdown, but not entirely, projecting a permanent economic loss of approximately $11 billion after a six-week closure.</p>
<p> <a href="https://www.capitalspectator.com/macro-briefing-13-november-2025/#more-24946" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-13-november-2025/" title="6:30 am" rel="bookmark"><time class="entry-date" datetime="2025-11-13T06:30:59-05:00">November 13, 2025</time></a>
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<p>As the year draws to a close, there's a clear leader among US equity factor ETFs. High beta stocks—those with higher volatility in returns—are outperforming their rivals significantly, according to data from ETFs up to Tuesday's market close (November 11).</p>
<p> <a href="https://www.capitalspectator.com/high-beta-stocks-continue-leading-equity-risk-factors-in-2025/#more-24943" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/high-beta-stocks-continue-leading-equity-risk-factors-in-2025/" title="7:16 am" rel="bookmark"><time class="entry-date" datetime="2025-11-12T07:16:03-05:00">November 12, 2025</time></a>
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<p><strong>According to a <a href="https://www.iea.org/reports/world-energy-outlook-2025/executive-summary">new forecast</a> by the International Energy Agency, global oil and gas demand may continue to rise through 2050.</strong> This forecast deviates from previous expectations of a swift shift toward cleaner energy sources. The report highlights, "Total global energy demand is expected to increase by 2% in 2024, reaching over 650 exajoules (EJ). Fossil fuels will account for nearly 80% of global energy demand, with only a slight decrease in their share since 2000."</p>
<p><a href="https://www.capitalspectator.com/wp-content/uploads/2025/11/iea.12nov2025.png"><img decoding="async" class="alignnone size-full wp-image-24941" src="https://www.capitalspectator.com/wp-content/uploads/2025/11/iea.12nov2025.png" alt="" width="584" height="472" /></a></p>
<p> <a href="https://www.capitalspectator.com/macro-briefing-12-november-2025/#more-24940" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-12-november-2025/" title="6:40 am" rel="bookmark"><time class="entry-date" datetime="2025-11-12T06:40:31-05:00">November 12, 2025</time></a>
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<p>The saying that "markets climb a wall of worry" appears to hold true for this year's bond market. Despite various concerns—from inflation linked to tariffs to rising government debt—fixed-income securities have demonstrated solid year-to-date performance up until Monday's market close (October 10), based on a range of ETFs.</p>
<p> <a href="https://www.capitalspectator.com/the-bond-markets-having-a-very-good-year/#more-24933" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/the-bond-markets-having-a-very-good-year/" title="7:10 am" rel="bookmark"><time class="entry-date" datetime="2025-11-11T07:10:40-05:00">November 11, 2025</time></a>
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<p><strong>The Senate <a href="https://www.cnn.com/2025/11/10/politics/senators-government-shutdown-votes-vis">voted</a> to reopen the government.</strong> This agreement will <a href="https://www.politico.com/news/2025/11/10/senate-passes-shutdown-ending-deal-00646020">extend government funding</a> through January. This bipartisan bill requires approval from the House and the signature from President Trump before the government can fully resume operations.</p>
<p><a href="https://www.capitalspectator.com/wp-content/uploads/2025/11/reopen.11nov2025.png"><img decoding="async" class="alignnone size-full wp-image-24931" src="https://www.capitalspectator.com/wp-content/uploads/2025/11/reopen.11nov2025.png" alt="" width="879" height="321" /></a></p>
<p> <a href="https://www.capitalspectator.com/macro-briefing-11-november-2025/#more-24930" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-11-november-2025/" title="6:23 am" rel="bookmark"><time class="entry-date" datetime="2025-11-11T06:23:38-05:00">November 11, 2025</time></a>
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<p>With just under two months remaining until the New Year's festivities commence, positive market trends continue to prevail globally. Although many developments may arise before December 31, the current market sentiment favors responsible risk-taking leading to favorable outcomes for investment strategies in 2025, as indicated by a selection of ETFs through last Friday's market close (November 7).</p>
<p> <a href="https://www.capitalspectator.com/the-genius-is-a-bull-market-trade-keeps-on-winning-in-2025/#more-24928" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/the-genius-is-a-bull-market-trade-keeps-on-winning-in-2025/" title="7:13 am" rel="bookmark"><time class="entry-date" datetime="2025-11-10T07:13:36-05:00">November 10, 2025</time></a>
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<p><a href="https://www.capitalspectator.com/wp-content/uploads/2025/11/sent.10nov2025.png"><img loading="lazy" decoding="async" class="wp-image-24926 alignleft" src="https://www.capitalspectator.com/wp-content/uploads/2025/11/sent.10nov2025.png" alt="" width="250" height="334" /></a><strong>US Consumer Sentiment Index <a href="https://www.msn.com/en-us/money/markets/us-consumer-confidence-slides-in-november/ar-AA1Q0peb?ocid=BingNewsBrowse">dips in November,</a> nearing record lows, according to the University of Michigan’s monthly survey.</strong> “The decline in sentiment this month was widespread, affecting various demographics including age, income, and political affiliation,” stated a report representative. “With the federal government shutdown extending over a month, consumers are increasingly concerned about potential negative implications for the economy.”</p>
<p> <a href="https://www.capitalspectator.com/macro-briefing-10-november-2025/#more-24925" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/macro-briefing-10-november-2025/" title="6:25 am" rel="bookmark"><time class="entry-date" datetime="2025-11-10T06:25:26-05:00">November 10, 2025</time></a>
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<p><a href="https://www.capitalspectator.com/wp-content/uploads/2025/11/age.06nov2025.png"><img loading="lazy" decoding="async" class="wp-image-24910 alignleft" src="https://www.capitalspectator.com/wp-content/uploads/2025/11/age.06nov2025.png" alt="" width="130" height="197" /></a>● <a href="https://amzn.to/4qKX8Yh">The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity</a><br/>Tim Wu<br/><strong><a href="https://www.ft.com/content/e1342a2c-c778-47a7-96f9-0a0fef853bbb">Review</a> via Financial Times</strong><br/>Tim Wu is a key figure in competition policy related to digital markets. He is a prominent legal scholar who coined the term net neutrality and authored two significant books, The Master Switch (2010) and The Attention Merchants (2016), highlighting the accumulation of market power by major tech companies. He also served as a special assistant for technology and competition policy during President Biden’s administration, focusing on curbing the influence of digital giants.<br/>This history of insights makes his latest work, *The Age of Extraction*, an essential read. The subtitle captures the essence: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity. While the examination of economic dominance is similar to his previous books, the tone now conveys a sense of urgency and concern.</p>
<p> <a href="https://www.capitalspectator.com/book-bits-8-november-2025/#more-24888" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/book-bits-8-november-2025/" title="7:27 am" rel="bookmark"><time class="entry-date" datetime="2025-11-08T07:27:32-05:00">November 8, 2025</time></a>
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<p>Defining “tactical” in asset allocation can vary widely, and while the specifics differ, the concept is often recognizable. On Wall Street and beyond, differing interpretations abound, leading to discussions that can reflect entirely different perspectives. This invites an exploration of the foundational principles that underpin a tactical asset allocation strategy.</p>
<p> <a href="https://www.capitalspectator.com/50-shades-of-tactical/#more-24915" class="more-link">Continue reading <span class="meta-nav">→</span></a></p>
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By James Picerno | <a href="https://www.capitalspectator.com/50-shades-of-tactical/" title="7:18 am" rel="bookmark"><time class="entry-date" datetime="2025-11-07T07:18:35-05:00">November 7, 2025</time></a>
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