How’s your US equities strategy doing this year? If you’re outperforming the market overall, there’s a good chance the bullish momentum is linked to overweights in energy, real estate, financials or tech – or perhaps all of the above.

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* Senate approves bill to lift debt ceiling and avoid US government shutdown
* US consumer inflation expected to rise to 39-year high in today’s Nov. update
* Online inflation rises to record 3.5% year-over-year, Adobe reports
* Ukraine-Russia efforts on new ceasefire in eastern Ukraine breaks down
* Germany’s foreign minister warns Russia on aggressive moves toward Ukraine
* Insiders selling stock at historic levels amid soaring share valuations
* China’s rising currency is outperforming the US dollar this year
* In upbeat sign for labor market, US jobless claims fall to a 52-year low:

With the end of the year in sight, the US economy continues to show signs of a sharp pickup in growth in the fourth quarter, based on several nowcasts.

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* US jobless claims appear to be stabilizing at pre-pandemic levels
* Another hot inflation report expected for tomorrow’s November update
* Policy shift at next week’s Fed meeting may damage central bank’s credibility
* US export challenges mounting due to bottlenecks at American ports
* China inflation continued rising in November but signs of peaking emerge
* China property developer Evergrande has defaulted on its debt: Fitch Ratings
* Could it happen again? World isn’t prepared for the next pandemic, report warns
* Italy fines Amazon $1.3 billion on charges of exploiting its market power
* US job openings rebounded in October, surprising forecasters on the upside:

Yes, according to economists’ forecast for this Friday’s November update (Dec. 10) on consumer prices.

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* Biden says US preparing ‘strong measures’ on Russia if it invades Ukraine
* House takes first step in preventing a possible default on US debt
* Omicron variant partly evades protection offered by Pfizer vaccine, study shows
* Inflation is a leading concern for American voters via a new survey
* Debt-default worries persist for two of China’s biggest property companies
* Credit card giant Visa launches consulting service for cryptocurrencies.
* Germany’s parliament elects Olaf Scholz as new chancellor
* Is the flattening yield curve a sign that the Fed can’t/shouldn’t raise rates?
* US post-Covid goods spending has surged:

How’s that allocation to bonds working out this year? Probably pretty good, if you favored Treasury Inflation Protected Securities (TIPS).

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* Biden expected to give Russia’s Putin stark warning on attacking Ukraine
* China says US will ‘pay a price’ for diplomatic boycott of Olympics in Beijing
* Fed officials suggest bond-buying program will end sooner than expected
* New data law in China makes it hard for foreigners to assess economy
* Consumer spending was biggest contributor to Eurozone Q3 expansion
* Will falling ‘excess’ cash reserves for working class pinch consumer spending?
* Policy-sensitive 2-year US Treasury yield edges up to new pandemic high:

US junk bonds and several slices of foreign fixed-income markets led a mixed run of returns for the major asset classes last week, based on a set of ETFs through Friday’s close (Dec. 3).

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* Goldman Sachs cuts forecast of US 2022 GDP growth due to Omicron
* US health experts say early signs suggests Omicron less dangerous than delta
* China’s economic influence on global economy has been fading
* China’s central bank eases banking reserve requirement to boost liquidity
* China Evergrande Group is again on the brink of default; shares plunge
* German industrial orders fell sharply in October due to soft foreign demand
* US payrolls grew much less than expected in November
* Services PMI reaches record high in US, reflecting strong sector activity
* US 10yr-2yr Treasury yield curve narrows to smallest spread in over a year: