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Morning Dose #167: December Dive Markets React to Fed Uncertainty – Monday 12/1/2025

By WaveRider AI1 min read

Key takeaways

  • Be nimble and cautious in trading decisions today due to global growth fears and Fed uncertainty . Pay close attention to manufacturing data and technical levels for a clearer market direction.

Morning Dose: December Dive Markets React to Fed Uncertainty

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Good morning and welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. The market is currently in a “risk-off” mood, with futures pointing to a significantly lower open following the end-of-month optimism.

Overnight Headlines

  • Asia and Europe experienced weakness, with Japan’s Nikkei down almost two percent, and Germany’s DAX down over one and a half percent.
  • Global manufacturing data showed underwhelming readings across China, Japan, and Europe, pointing to continued slowdown and impacting market sentiment.

Economic Announcements

Eyes will be on the S&P Global Manufacturing PMI at 9:45 Eastern and the ISM Manufacturing Index at 10:00 to gauge the U.S. factory sector performance.

Earnings Highlights

  • Chinese EV makers NIO, XPEV, and Li Auto reported delivery numbers, but stock performance is mixed due to various factors including downgrades.
  • Chevron (CVX) received an upgrade to Buy with a $169 price target, while TotalEnergies (TTE) was downgraded to Hold, reflecting selective analyst sentiment in the energy sector.
  • Tesla (TSLA) faced pressure as European sales declined in some markets.

Top Movers

The broader market shows a cautiously bearish sentiment, with key levels to watch for SPY and QQQ as well as a spike in the VIX (VXX) indicating rising anxiety among investors.

Quick Trade Ideas

  • SPY: Support at 677, Resistance at 679.50
  • QQQ: Support at 612, Resistance at 615