📉 Currencies In A Spin After Missiles Hit Poland

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Markets

S&P 500 closes higher after another lighter-than-expected inflation report (4 minute read)Stocks resumed their inflation-driven rally on Tuesday after another report signalled that price increases could be slowing. The Dow Jones Industrial Average ended the day up 0.17%, at 33,592.92. The S&P 500 advanced 0.87% to 3,991.73, and the tech-heavy Nasdaq Composite gained 1.45% to close at 11,358.41. The major averages rallied after the producer price index, a measure of wholesale inflation, showed a 0.2% increase for the month of October, versus the consensus estimate for a 0.4% increase from Dow Jones

Currency trading in a spin after Polish explosion (5 minute read)Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground sharply against the safe-haven dollar while equities pared gains after the Poland reports fueled fears that the nine-month war between Russia and Ukraine could escalate.

London loses position as most valuable European stock market (4 minute read)Britain's stock market has lost its position as Europe's most-valued, with France taking the top spot, data shows. A weak pound, fears of recession in the UK and surging sales at French luxury goods makers are thought to be behind the shift, according to data from Bloomberg. It's the first time Paris has overtaken London since records began in 2003. It comes as the UK is expected to fall into recession this year, although the French economy is also under pressure.

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Investing

A Once-in-a-Generation Opportunity: 2 Top Growth Stocks to Buy Now and Hold Forever (5 minute read)The stock market downturn has created a rare buying opportunity for patient investors. The broad-based S&P 500 and the tech-heavy Nasdaq Composite have both declined for three consecutive quarters, an event that last occurred during the Great Recession in 2009. Yet, there is a silver lining for patient investors. Shares of some excellent companies have fallen dramatically to very attractive levels. For instance, Block (SQ) and The Trade Desk (TTD) have lost 71% and 57% of their value, respectively, providing a rare buying opportunity.

Gold hits 3-mth high as Poland missile strike spurs safe haven demand (2 minute read)Gold prices hit a three-month high on Wednesday after a Russian missile strike on Polish territory ramped up fears of a NATO-led escalation in the Ukraine conflict, boosting demand for traditional safe haven assets. Spot gold rose 0.1% to $1,780.62 an ounce, while gold futures advanced 0.1% to $1,784.05 an ounce, with both instruments touching their highest level since mid-August. They also rose 0.5% each on Tuesday.

An ETF Poised for Growth No Matter What Happens to the Economy (7 minute read)There is one area of the economy where growth seems inevitable and yet there is no obvious technological threat to growth: Internet security. There are several cybersecurity ETF options out there, but Martin Tiller's choice would be the Global X Cybersecurity ETF (BUG). BUG gets the coveted Morningstar 5-star rating, marking it as one of the best in its class, has good liquidity, and around 70% exposure to the U.S.

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Money

The Ideal Retirement Age To Minimize Regret And Maximize Happiness (5 minute read)Contrary to popular belief, the ideal retirement age isn’t as soon as possible. Retire too soon and you may feel empty for never living up to your true work potential. Retire too late and you might always be left wondering what could have been if you had changed course sooner. To minimize regret and maximize happiness, Financial Samurai believes the ideal retirement age range is between 41-45. By this age range, most will have had ~20 years to save and invest. Most will also be healthy enough to explore the world and do the things they’ve always wanted.

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