MARKET RECAP

Yesterday: Stocks closed lower as the S&P 500 snapped a seven-day winning streak, with tech lagging after mixed Dell earnings. Inflation data came in-line with expectations, while bond yields edged lower. Investors remain optimistic after strong returns across asset classes this year.

On Our Radar: Some economic data comes out next Monday, including ISM manufacturing and construction spending. Analysts will be eager to dive into the November jobs report, which comes out next Friday.

TOP STORY

Canada Prepares Retaliatory Tariffs After Trump Threats: Analysts Warn Of Further Loonie Weakness

Canada is preparing retaliatory tariffs after Trump’s threats of a 25% duty on Canadian imports, escalating trade tensions.

Here’s what this brewing battle could mean for geopolitics — and how investors should prep for the pinch.

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FIVE ZINGERS

Social Networking: Meta Platforms CEO Mark Zuckerberg reportedly met with President-elect Donald Trump a day before Thanksgiving. Read on to discover why a collaboration between the two isn’t off the cards.

Loading Up: Ark Invest — led by Cathie Wood — recently caused a stir with several high-profile transactions. Learn what’s on her buy list and what tech giants she’s trimming down.

Hot Seat: Amid a potentially disruptive trade dispute, construction industry leaders are rushing to secure materials and labor. Here’s why experts are worried about a spillover effect impacting inflation.

Southern Drive: Relations between the U.S. and Mexico are also in focus, with Trump pledging to impose a 25% tariff on the key economic partner. Possible retaliation could affect a pivotal multi-billion-dollar industry.

Aberrant Activity: Unusual options activity placed an interesting spotlight on PDD Holdings, a Chinese e-commerce platform. Investors seem to be anticipating a big move amid the geopolitical noise.

ONE FOR THE ROAD

'Institutions Are Ready To Play': How Blockchain Is Gaining Traction In Traditional Finance

At last week's Benzinga Fintech Deal Day & Awards, Mitchell DiRaimondo, co-founder and lead project manager of SteelWave, addressed the increasing interest of traditional financial institutions in blockchain technology and tokenized real estate investments.

Speaking on a panel alongside representatives from BlackRock and Tzero, DiRaimondo shared his thoughts on the gradual but meaningful changes reshaping the financial industry.

DiRaimondo highlighted a shift in participation at this year's event, with a stronger presence of traditional financial institutions. "It's a lot more suits, less sweatshirts here," he said, reflecting the seriousness with which institutional players are approaching the blockchain space.

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