The SP500 ( an index of 500 american stocks) closed 1% down yesterday and it is returning +15.99% year to date (YTD) The MSCI World ( an index of over 3000 global stocks) closed unchanged yesterday and it is returning +19.50% year to date (YTD) Gold is back again above $4,000/ounce and is returning +52.78% year to date (YTD) 🗞️ Relevant Market News 💻 Meta: despite reporting record revenues, shares fell about 11% in one day after announcing large future investments in AI infrastructure. 💡 Microsoft experienced a similar trend but saw a smaller decline of around 3%. 🏦 Europe: the European Central Bank (ECB) decided to keep interest rates unchanged. When the ECB keeps rates steady, it means the cost of borrowing remains stable. In everyday terms, mortgages, loans, and credit don’t get more expensive. This offers some breathing room for households and businesses, especially after months of rate hikes that tightened many budgets.Still, steady rates don’t mean everything is fine — inflation remains a concern, as it erodes purchasing power and affects how we spend, save, and invest. 💡 And this is where financial education becomes crucial. Understanding how central bank decisions ripple through our daily lives — from mortgage payments to savings returns — helps us make smarter financial choices and resist reacting emotionally to market noise. ***** ITALIANO****** L’indice S&P 500 (che raggruppa 500 delle principali azioni statunitensi) ha chiuso ieri in calo dell’1% e registra un +15,99% da inizio anno (YTD). L’indice MSCI World (che include oltre 3.000 titoli azionari globali) è rimasto invariato nella seduta di ieri e mostra un +19,50% da inizio anno (YTD) 🗞️ Notizie rilevanti 💻 Meta: nonostante ricavi record, il titolo è crollato di circa −11% in un giorno, dopo aver annunciato grandi investimenti futuri in infrastrutture di intelligenza artificiale. 💡 Microsoft ha vissuto una dinamica simile, ma con un calo più contenuto di circa −3%. 🏦 Europa: la Banca Centrale Europea (BCE) ha lasciato invariati i tassi d’interesse.

The S&P 500 (500 big U.S. companies) fell 1.66% yesterday and is up 14.55% this year.The ACWI (global stock index) fell 0.25% and is up 18.58% this year. Gold fell to $4,170 per ounce and is up 59.04% this year. 🗞️ Relevant Market News Stocks in the United States had a big down day. It was the worst day of November. All sectors fell. Technology stocks fell the most. 👑 Nvidia dropped 3.6% 🚗 Tesla dropped 6.6% One reason for the drop: Investors now think the central bank is less likely to cut interest rates in December. 💡 Financial Education Interest rate expectations affect the stock market. Cheaper money makes stocks more attractive.When people think rates will stay high for longer, investors become more cautious. This often leads to market declines. When people think rates might be cut soon, they expect borrowing to become cheaper. ₿ Bitcoin fell below 100k. Crypto stocks dropped too.Coinbase fell almost 7%.MicroStrategy fell more than 7%. Bitcoin is very volatile. It moves up and down quickly. Because of this, it should be only a small part of an investor’s portfolio. Bond yields stayed stable: 🇺🇸 US10Y 4.12% 🇮🇹 IT10Y 3.41% 🇩🇪 DE10Y 2.69% 💡 What are US10Y, IT10Y and DE10Y? These are 10-year government bond yields.They show how much a government pays investors to lend it money for 10 years. Higher yields mean borrowing is more expensive. Lower yields mean borrowing is cheaper. Bond yields matter because they influence mortgages, loans, and how expensive it is for governments and companies to borrow money.

The S&P 500 (an index of 500 American stocks) closed 1.12% down yesterday at 6,720, and it is returning +14.26% year to date (YTD).The ACWI (All Country World Index, an index of over 3,000 global stocks) closed 0.16% down yesterday at 990, and it is returning +17.72% YTD.Gold is slightly below $4,000/ounce at $3,995, and it is returning +52.27% YTD. 🗞️ Relevant Market News 💻 U.S. markets continued their correction trend, dragged by weakness in the tech sector. The Nasdaq fell 1.9%. ₿ Bitcoin (BTC) is slightly lower at $102,200, still above 100k, +9.53% YTD but −15.79% over the past month. Bitcoin’s volatility remains very high — it can experience double-digit swings in short periods. For this reason, it should represent only a small, speculative portion of a diversified portfolio, and never a core holding for long-term investors. When global bond yields stabilize — the US10Y at 4.10%, IT10Y at 3.42%, and DE10Y at 2.66% — it suggests the market expects central banks to stay cautious. Stable yields mean borrowing costs are not rising, which supports consumers and businesses, but inflation risks remain. 💡 And this is where financial education becomes crucial. Understanding how rates, currencies, and commodities interact in the global economy helps us manage money wisely — focusing on long-term stability rather than reacting to short-term volatility.