SCOREBOARD

MARKET RECAP

• SPX +0.12%, international stocks +0.56%, bonds +0.36%.
• CPI came in below expectations at 2.7%, but economists noted issues with the data.
• The unemployment rate rose to 4.6%, the highest in four years. Payrolls increased by 64k after falling 105k in October, but that included 162k federal workers.
• According to Factset, analysts are looking for 15% earnings growth in 2026, Mag 7 stocks are estimated to grow by 22.7% and the Little 493 by 12.5%.
• Stock ownership is at an all-time high, 30% of total assets, exceeding 27% and the peak of the dotcom era.
• The Bank of Japan increased its interest rate to the highest level in 30-years at 0.75%.

SCOREBOARD