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Week of 11/23/25

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1

A downright bargain – Nvidia’s share price had tumbled 10% in November before its strong second-quarter earnings report, but it made the tech giant more affordable than it’s been in years. The recent decline helped Nvidia’s forward earnings hit 29x, 19% below its three-year average. (Source: The Wall Street Journal)

2

A little from Column A, a little from Column B – The US economy added 119,000 jobs in September, the most since April and above economists' expectations. However, the unemployment rate ticked up to 4.4%, the highest level in four years. The mixed data makes the Federal Reserve's job that much harder, since hawks will say job growth doesn't justify any additional rate cuts, but doves will cite higher unemployment as a reason to cut. (Source: Bureau of Labor Statistics)

3

Time keeps on slipping, slipping – Bitcoin officially entered a bear market last week, slipping more than 20% from its recent highs and erasing all of its year-to-date gains. The cryptocurrency was trading at $125,000 in early October but closed around $95,000 on 11/14. (Source: FactSet)

4

A rising tide lifts all boats – The AI boom has bolstered stocks, but it’s also supporting bonds. Big tech issued more than $75 billion in investment-grade bonds in September and October alone to help finance data centers. There are also data-center deals showing up in the junk-debt market, where issuance is hitting near-record highs. (Source: Reuters)

5

Please, please, please tell me chocolate was included – Switzerland announced a framework trade agreement with the US last week that will slash tariffs on imported Swiss products down to 15% from 39%. It also included a pledge by Swiss companies to invest $200 billion in the US by the end of 2028. (Source: Reuters)

6

You make six figures? Good for you, I guess – A majority (75%) of six-figure earners said they’d relied on a credit card recently because they had run out of cash, and more than half said they'd have to double their income to feel finanically secure. High earners are also more likely to use buy now, pay later financing to make an everyday purchase. (Sources: USA Today and Harris)

7

You get free daycare, and you get free daycare! – New Mexico became the first US state to offer universal childcare this month. The program is an expansion of the state’s existing free childcare policy for lower-income families and now makes daycare free to families of all incomes beginning at six weeks. The funding is largly coming from oil-and-gas revenue and is expected to save each family $16,000 a year, to the tune of $445 million this year and $600 million in 2026. (Source: The Wall Street Journal)

8

Butterfly migrations? There's an app for that – Scientists have long wondered about the migratory habits of monarch butterflies and tried to find low-tech ways to study them. But now, thanks to a teeny tiny solar-powered GPS device, researchers have been able to track their migration patterns and have even provided enthusiasts with a free app to follow individual butterflies' progress to warmer climates. (Source: The New York Times)

9

This is why I hate group projects – Unable to curb an outbreak for more than a year, Canada has now lost its measles elimination status. Because Canada is no longer deemed measles-free, the Americas region as a whole has lost its elimination status. The US also risks losing its status as well if it doesn't stop an ongoing outbreak by January. (Source: BBC)

10

Small, but sassy – Curaçao, an autonomous territory of about 156,000 people within the Netherlands kingdom, became the smallest nation by population to qualify for the 2026 World Cup. The previous recordholder was Iceland, with its population of just over 350,000, when it qualified for Russia 2018. (Source: AP News)

 

Forward earnings are an estimate of a company's earnings for upcoming periods, usually the completion of the current fiscal year and often the following fiscal year. E

Past performance does not guarantee future results. 

Hartford Mutual Funds may or may not be invested in the companies referenced herein; however, no particular endorsement of any product or service is being made. 

Investing involves risk, including the possible loss of principal.  • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. 

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