The S&P saw a sharp rally in equities this week following the announcement of a ceasefire between Israel and Lebanon—rising 7.5% to reach a new all-time high, reflecting optimism of continued de-escalation. Watch the full video for updates on earnings season, the labor market, and the latest manufacturing indicators.

This week was dominated by monetary policy and Microsoft. Gary analyzes the Fed’s decision to keep interest rates steady for the first time since July. Microsoft had a difficult week, losing around $400 billion in market capitalization when their shares fell 12% after their latest earnings report. Watch the video below for the full analysis.

In this month’s market commentary, Aya Yoshioka discusses market performance, the likelihood of a December rate cut, and the current state of the AI revolution.