Stocks, News, Data & Earnings | Wilnesh News

Indian markets have been under pressure in recent weeks, but strategist Matt Orton remains bullish on the country and has now revealed “one of his favorite stocks.”

“India has always been my heaviest country, outside of the U.S.,” said chief market strategist at asset manager Raymond James Investment Management, pointing to one of his favorite stocks.

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— Amala Balakrishna

One reason the post-election stock market rally appears to be stalling may be that investors are increasingly less confident about the Fed’s path to cutting interest rates.

Current trading in the federal funds futures market implies a 62.1% chance of a rate cut in December, according to the CME FedWatch tool. This is down from 65.3% a week ago and 76.8% a month ago.

Jim Baird, chief investment officer of Plante Moran Financial Advisors, said recent signs of continued strength in the economy may lead the Federal Reserve to slow down the pace of interest rate cuts.

“It’s going to call into question how much more they need to cut, and how quickly. I think that’s what they’re really signaling – they’re going to be patient, they’re going to rely on the data, which could mean a slower pace of rate cuts than they forecast or the market expects. Slow,” Baird said.

Baird added that election fallout, such as the possibility of President-elect Donald Trump raising tariffs, “exacerbates” questions about how much the Fed will cut interest rates.

— Jesse Pond

The three major Wall Street banks have different views on the trend of gold in 2025, reflecting the complex economic outlook.

Goldman Sachs expects the price of gold to reach $3,000 an ounce by December 2025, and said in a report on November 17 that it would “choose gold.”

Others, including JPMorgan and UBS, take a different view, however.

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