Financial markets start December with volatility still running high
One of the statistically most favorable months for equities is beginning, but the still-elevated volatility and the uncertainty surrounding some key macroeconomic variables in the United States could curb the so-called “Santa Claus rally.” Equities are seen as moderately positive, bond yields continue to decline, and cryptocurrencies remain in the red.
Our intermarket dashboards start the first week of December with a stance between neutral and positive. Market sentiment appears to have improved significantly, although we are observing a sideways phase in the S&P 500/Nasdaq ratio, a sign of reduced confidence in the technology sector. Major assets maintain a long-term bullish orientation, with encouraging short-term signals for global equities and bonds.
On the macroeconomic front, today’s agenda includes the final November PMI survey readings, industrial production in India, and the U.S. ISM Manufacturing Index.
Our forward-looking analyses indicate a moderately positive start to the week for equity markets, with somewhat more uncertainty for Asian and European indices. In fixed income, the weakening trend in government bond yields continues, while commodity signals remain mixed. In the cryptocurrency space, conditions remain negative. Volatility is improving.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 1 December 2025 - 7:43 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
