Subscribe
Share
Share
Embed
Every morning, in the time it takes to drink a coffee, Teddy walks through yesterday's markets: US indices, the Nikkei, gold, oil and Malaysia. What moved, and which way the pressure leans. Market education, not financial advice.
This is my AI voice. The script comes from my market research system, and a person checks it before it goes out. It's education, not personal investment advice.
Good morning. Teddy here.
It's Saturday. Stock markets are closed until Monday. So today is not about what to do. It's about what just happened, and what is coming.
Most people think a bad week is a reason to act fast. I used to think that too. It cost me. A bad week is a reason to slow down and read. So let's read.
Three things moved this week. AI stocks. Oil. And the Fed.
First, AI stocks. The US midterm elections went to the Democrats, and the market worried about tighter rules on AI and slower spending on data centers. On Thursday the S&P 500 fell more than 4 percent. That was its worst day since April 2025. Around 3 trillion dollars of value disappeared in one session. The chip index fell 12 percent that same day.
On Friday there was a bounce. The Nasdaq rose 1.09 percent to 24,579. The S&P 500 rose 0.31 percent to 7,376. The Dow slipped 0.46 percent to 51,285. Still, the S&P 500 had its worst week since June. A bounce after a fall like that is normal. It does not tell you the fall is over. It also does not tell you it will continue. It just tells you people are still deciding.
Asia felt it on Friday. Japan's Nikkei closed down 5.96 percent at 57,435. Tokyo was catching up with Thursday's chip rout in the US. For the week the Nikkei lost about 9 percent. That's the worst week since March 2020. Names like Kioxia, Advantest, Tokyo Electron and SoftBank led the drop. Hong Kong's Hang Seng fell 1.27 percent to 24,481, the day after a 3.7 percent jump.
Second, the Fed. Friday's October jobs report came in strong. 165,000 new jobs, against about 65,000 expected. Unemployment fell to 4.1 percent. Good news for workers. But for markets, it means the Fed may hike again. Traders now price roughly a 70 percent chance of a December hike. The US 10-year yield rose to about 4.87 percent.
Higher yields usually press on tech stocks. That's why Friday's tech bounce sits on uneven ground. Gold slipped 0.46 percent on Friday to 4,068 dollars. But gold still gained more than 4 percent on the week.
Third, oil. This was oil's steepest weekly fall since March 2020. Hopes of US and Iran diplomacy pulled prices down. Reports said Iran sent a nuclear proposal through Qatar. Brent ended near 97.75 dollars a barrel. WTI ended near 90.35 dollars. Both fell about 12 to 13 percent on the week.
But notice what has not changed. Tanker attacks near Hormuz have not stopped. And Iran still has conditions before the strait reopens. So the pressure on oil is two-way. Hope on one side. Real risk on the other.
Closer to home, palm oil had its deepest weekly drop in almost two years. FCPO closed at 4,303 ringgit per tonne on Friday, down 1.69 percent. Record inventories. Cheaper rival oils. Cheaper crude. Three weights at once. The MPOB report comes out on Tuesday, so that's the one to watch if you follow palm oil.
Now, the week ahead. All times Malaysia time.
Monday at 9:30 in the morning, China's October inflation numbers.
Tuesday is the big day. MPOB data for palm oil. Then at 9:30 at night, US inflation for October. After a strong jobs report, this number matters a lot for the Fed story.
Wednesday is Veterans Day in the US. The bond market is closed. Stocks still trade.
Thursday at 3 in the afternoon, UK growth numbers. At 9:30 at night, US jobless claims.
Friday at 6 in the evening, Eurozone growth. At 9:30 at night, US producer prices.
Here's what I'd take away from this week. When the market drops 4 percent in a day, the loudest voices tell you it's a crash or a gift. Neither helps. What helps is the same three things every week. Candles. Direction. Momentum. Look at your own chart. See where the candles closed. See which way the direction points. See if momentum agrees.
And size your risk before Monday's open. Not after. Weekend news can move prices at the open, and a plan made calmly on Saturday is better than one made in a panic on Monday morning.
Use the weekend well. Have a good meal with your family. The market will still be there on Monday.
This is educational market commentary, not personal financial advice. No outcome is guaranteed. Markets carry risk of loss, so size your risk before any trade.
Survive first. See you tomorrow.