Risk assets have faced a challenging period this week, with the U.S. stock market suffering significant downturns despite Nvidia’s strong earnings report and optimistic CEO comments. The cryptocurrency market has also struggled, experiencing Bitcoin’s steepest weekly decline since late November 2022, leading to a notable drop of 18%. Upcoming economic events over the coming week include: U.S. retail sales monthly rate and PPI on Tuesday, Reserve Bank of New Zealand’s interest rate decision on Wednesday, initial jobless claims for the week ending November 22nd on Thursday, Federal Reserve’s Beige Book on Friday and a potential interest rate decision from Bank of Korea Thursday (time TBD). The upcoming Thanksgiving holiday in the U.S., impacting market trading days, will further reduce liquidity during the following week. Key insights are expected to come from Jeffers, whose views often align closely with Federal Reserve Chair Powell’s actions.