This week on Wall Street, with limited economic data and the Thanksgiving holiday, a quieter week is expected. There’s a struggle between AI bubble bears and AI/Hyperscaler bulls. The potential for a December rate cut may fuel a Santa Claus rally.

The futures are trading higher after last week’s wild stock market swings. Bond yields were lower on Friday, with the potential for a December rate cut. The oil energy complex saw lower prices due to the potential settlement of the Russia-Ukraine war.

Gold closed lower on Friday, holding at the critical $4,000 support level. The crypto market experienced a downturn, with Bitcoin and Ether slumping to multi-month lows. Analysts have released various upgrades, downgrades, and initiations for several stocks.

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