Latest Market Updates
Stock Market Highlights
Major stock indices experience upwards trend since early October, followed by continued push higher first week of November. But remainder of the month stagnant. Consolidation takes over. Rally fuelled by favourable earnings reports in the retail and technology sectors, plus Federal Reserve showing signs of slowing its pace of rate hikes.
Investors reassured by news the Fed could step down its’ historically large 75-basis-point rate. Policy meeting minutes reveal a “substantial majority of participants” believe a hike slow-down preferable. But still talk of the Fed potentially increasing the rate too.
November ends with socio-political unrest in COVID-hit China. More lockdowns and restrictions prompt civil protests. Will no doubt have a detrimental effect on the world economy. Chinese authorities increase hopes further monetary stimulus. Moving into December, market participants will be monitoring these developments closely.
Crypto Market Highlights
Crypto industry’s slow recovery after May’s Terra Luna’s implosion dramatically curtailed by shocking and sudden collapse of mega exchange FTX. Downfall sparked by leaked balance sheet and discovery of various bombshell revelations, such as FTX tapping into customer deposits to make risky bets, which set up its implosion.
Shockwaves felt across entire cryptocurrency industry. Capitalisation bleeds by over $100 billion in a day. Bitcoin falls to 2-year low, $15,625. Investors spooked into massive sell-off
Of course, FTX’s demise is not the end of crypto. But the carnage has inflicted a grievous wound. Market may take a long time to recover. The FTX saga reminds crypto community how important it is to self-custody assets rather than expose them to exchange risks.
And that is the message here, to stay on the safe side, keeping holdings off exchanges will protect you from being involved on the wrong side of such events.
Conclusion
As traders and investors we find opportunities in such times, this is where the money is made. A lot of strong stocks and crypto projects are on sale. With the right research and strategy, it time to be on the lookout for a diamond in the rough. And we need to remember we are investing in the key underlying technologies within crypto.
TOP Crypto Gainers And Losers
More highs and lows in Crypto world in the month of November...
Top Gainer: Telcoin (TEL) Designed for Mobile Network Operators / Mobile Financial Service Providers, Telcoin aims to provide all mobile phone users with access to fast and affordable, user-owned decentralised financial products
Top Loser: Solana (SOL) Solana is a layer 1 decentralised blockchain platform with smart contract functionality. built to enable scalable, user-friendly apps while providing high transaction speeds
TELCOIN (TEL)
PROFIT: +93%
SOLANA (SOL)
LOSS: -60%
Client Of The Month
“At the beginning of this year, I invested 2 x $500,000 with financial planners, and another $500k I’ve been doing by myself. I’m down $57,000 with the first planner and $6,000 with the second but up $112,000 using the things I have learned about cryptos with Investment Mastery! I am now going for your stocks course. Lots of gratitude to all the amazing team at Investment Mastery for the valuable stuff you teach and the wonderful level of caring support you provide."
- Sandra Bravo, Australia
Investment Mastery's Trading Floor Results
Here at Investment Mastery we never shy away from the truth!
Stock Market Results
- Buffalo +60.2% (-1%)
- VCA +2,001% (+10%)
Cryptocurrency Results
- CCA +1,510%
- Small Cap +4,120%(-200%)
Please note: These articles aren't personal advice or a recommendation to buy or sell any investment. We wrote them for your interest and to help you make your own decisions. If you're not sure whether an investment is right for you, please seek advice.
You are receiving this email because you opted in on our website, registered for or attended an Investment Mastery event before. (Thank you for that, by the way!)
Help us make sure we are speaking to the right people. Not interested? Unsubscribe Do not do this if you would like IM Insider updates.
Investment Mastery Trading Ltd Kinetic Business Centre Theobald Street Elstree, Hertfordshire WD6 4PJ United Kingdom + 44 (0) 20 8387 4044