Morning Download 

Personal finance + economics + markets

Together with InvestorPlace

Good morning investors! Moody’s warning on the massive U.S. debt burden did not impact the market and stocks are still maintaining well.

Fun fact: History shows that stocks typically gain during the fourth year of presidential terms.

Today we cover:

• Falling consumer spending.

• Boeing preparing for a bull run.

• Election is next year, prepare your investments today.

Follow us on Twitter for more.

📊 Economy and News 

Consumer spending fell in October

October retail sales, excluding autos and gas, fell by 0.08%, according to the new CNBC/NRF Retail Monitor, a joint product of CNBC and the National Retail Federation.

It is based on 9 billion annual card transactions collected and anonymized by Affinity Solutions.

The October data accounted for more than $500 billion in sales. It highlighted weakness in a variety of sectors, including home stores, furniture, appliances, and gas stations.

Reminder: The data differs from the Census Bureau’s retail sales report as it is based on actual consumer purchases, unlike the Census, which relies on survey data.

Global hits:

• Nvidia unveils H200, its newest high-end chip for training AI models.

• Asia markets set for gains ahead of Biden-Xi talks.

• Car parts maker Continental plans thousands of job cuts.

📈 Stocks

S&P 500 4,411.55 (-0.084%)
DJIA 34,337.87 (+0.16%)
NASDAQ 15,482.79 (-0.30%)
BRENT CRUDE 82.52 (+1.36%)
* Prices as of Nov 14th, 12:20 AM UTC

Boeing preparing to fly higher

Shares of Boeing Co. climbed 4.1% on Monday following positive news and new deals.

In major news, Emirates Airlines will buy 95 wide-body jets from Boeing, moving to expand its fleet of long-haul jets in the coming years to meet rising demand for global travel. The Dubai-based carrier has placed fresh orders for 55 of the U.S. aircraft maker’s 777-9 jets, 35 777-8 jets and five 787 Dreamliner jets.

But, that’s not the only news that sent the stock flying. It is believed that China may end the freeze on 737 Max aircraft.

President Biden and China's president Xi Jinping are to meet at this week's gathering of the Asia-Pacific Economic Cooperation. There’s hope that the meeting will result in positive news for the company. If true, it has the potential to send Boeing even higher.

Sponsored by InvestorPlace

Inside this unassuming building in downtown San Francisco, hides a mysterious billionaire’s $15.7 trillion tech breakthrough. And now, the “Project Omega” vision is a reality with the formation of xAI.

That’s why Wall Street legend Eric Fry is on site today to share an exclusive presentation where he will reveal 3 ways to position yourself for this massive wealth shift. Fry believes “Project Omega” could be the biggest wealth building opportunity in the world right now.

We’re talking about a radical piece of technology that Elon Musk, Peter Thiel, and a few other Silicon Valley Insiders are involved with.

One that is on track to mint more millionaires and billionaires than the Internet. Heck, Mark Cuban even says this tech could produce the world’s first trillionaire.

Don’t miss out – view Eric’s free presentation here before the AI market takes off.

🔐 Crypto

Bitcoin $36,402 (-0.20%)
Ethereum $2,047 (-.030%)
Total market cap $1.39 (-1.55%)
* Prices as of Nov 14th, 12:20 AM UTC

Keeping an eye on the crypto market

Here’s what you need to know about the crypto industry:

• Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, according to JPMorgan.

• A third consecutive week of sizable net inflows into cryptocurrency funds has pushed the yearly total above $1 billion.

• Bitcoin is now valued at just under 6% less than Berkshire Hathaway, the conglomerate holding company headed by prominent BTC critic Warren Buffett.

💵 Personal Finance

Prepare your investment for the election season

The US presidential election is next year. The stock market has rallied this year but this could change next year with elections. It’s important to take the right steps to safeguard your investment.

What history says

The benchmark index has averaged a 6.2% gain during the fourth year of presidential elections, going back to President Herbert Hoover's last year in office in 1932.

The period right after Election Day tends to be positive for stocks.

The S&P 500 index has added 5% in the eight weeks following Election Day through the end of the year in the median election year since 1984, compared to a 2.6% gain during the same period during non-election years, according to Goldman Sachs.

Still, stocks could see a milder rally next year. The S&P 500 has gained 6.2% on average during the fourth year of presidential terms since 1932, according to Yardeni Research. That’s below the 13.5% gain the index has averaged during the third year of presidential terms since 1931.

During the first and second years of presidential terms, the S&P 500 has risen 6.7% and 3.3% on average, respectively, according to the same dataset.

But, don’t count solely on historical data, especially because the situation is very different this time.

There are challenges

The global economy is in a crisis. There's war in Ukraine, Israel and Gaza are in conflict, and US relations with China are not good.

Economists fear rising prices and higher inflation next year, which could impact the stock market as well.

The New York Fed, which gauges the risk of recessions by tracking the spread of 3-month and 10-year Treasury yields, estimates that there’s a 56% probability that the US economy will tip into a recession by September 2024.

Should I invest now or after the elections?

This can be tricky to answer because we don’t know where the market is heading. The key lies in being a smart investor and choosing your portfolio carefully. Here are a few tips to remember:

• Use dollar-cost-averaging to benefit from the situation.

• Have a diversified portfolio so you can stay safe even if one industry doesn't offer your desired results.

• Focus on long-term investments and don't let short-term fluctuations worry you.

• Benefit from the current high interest rate environment and choose high-yield savings accounts to be on the safe side.

• Get in touch with a financial advisor and get a customized solution according to your financial goals.

The video below might be able to help, so give it a look:

💰 Be a Better Investor

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.