Just guessing, but Tuesday might be ripe for some profit taking. After last week's Thursday meltdown, stocks have rallied on renewed prospects for a FOMC rate cut at the December 9-10 meeting. While that's jolly good for Wall Street, it sounds just a bit inflationary for the rest of us regular folks. Heck, even bitcoin is "off the lows", which, for CNBC enthusiasts, is cause for celebration.
Nonetheless, President Trump says America is the "hottest" country on the planet, which has worried some of the leftover climate change complainers. Still, he's probably right about America being hot, because, if you touch it, you're likely to get burned.
From the "can't make this stuff up" department (courtesy of trusted news source, Yahoo! Finance):
US retail sales rose less than forecast in September as key data returns after shutdown delaysUS retail sales slowed in September as investors got the first official glimpse of consumer spending in two months on Tuesday morning after the government shutdown halted a wide swath of economic data.
Headline retail sales climbed 0.2% in September, below economists' expectations of a 0.4% month-over-month increase. By comparison, sales rose 0.6% in August, according to Census Bureau data.
The control group, which excludes several volatile categories and factors into the gross domestic product (GDP) reading for the quarter, decreased 0.1% following a 0.6% gain in August. Economists polled by Bloomberg had expected a 0.3% rise.
Sales excluding autos rose 0.3% from August to September, while sales excluding autos and gas increased 0.1%.
The report arrives at the start of a crucial holiday shopping season and carries added weight as investors and policymakers continue to operate without an official read on third-quarter GDP, even with the shutdown now over.
On Monday, the Bureau of Economic Analysis (BEA) announced it has canceled the advance Q3 GDP estimate and will reschedule both the second estimate and preliminary corporate profits, which were slated for release on Nov. 26.
So, this translates thusly: Many people are broke. They were broke in September and more broke in October (if that's even possible), so we, the government, who can't accept failure, aren't going to release October data. If we eventually do, it will be 100% fake.
Third quarter GDP was so bad, we shut down the government just so we wouldn't have to tell anybody. We, the government, want to keep all you peons, muppets, and cretins in the dark, while we, the enlightened class, profits. Conveniently, we will not release third quarter GDP estimate - which we have, by the way, because the third quarter ended in September - until after Christmas. So, go out and shop, spend up to your credit card limits on worthless trash to impress people you don't like. Thank you for your attention to this matter. Happy Holidays.
Signs that there's a bubble and a recession will soon follow:
One of your neighbors drives a more expensive car than you, even though he/she doesn't have a job. Your car is paid for; his/hers is on credit. Keep eyes peeled for repo man.
You tried out AI, were not overly impressed with the results, and thought, "they're spending how many hundreds of billions on this?"
One bitcoin is worth more than what you paid for your first home back in 1985.
Two strip steaks at the local supermarket cost $38.50.
The Starbucks near your office is empty.
There's more, but we're not allowed to tell you how bad it really is, but here's a hint: 50% of retail sales is being done by the top 10% of earners.
Only one more day until Thanksgiving (whew! a day off) and then the massive half-day rally for Black Friday!
Spend!
At the close, Monday, November 24, 2025:
Dow: 46,448.27, +202.86 (+0.44%)
NASDAQ: 22,872.01, +598.92 (+2.69%)
S&P 500: 6,705.12, +102.13 (+1.55%)
NYSE Composite: 21,271.60, +94.62 (+0.45%)
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