Weekly Macro Minute

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GuideStone Capital Management Weekly Macro Minute

GuideStone® was originally established in 1918 to provide financial support and assistance for retired pastors and widows. Today, we continue to carry out that mission through the ministry of Mission:Dignity®. Here’s an encouraging devotional from one of our recipients:

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Icon of a BiblePersonal Prayer

Philippians 4:13 (NIV)

Jane Strickland authored this issue’s devotional. She served the Lord alongside her late husband, Walton, for 45 years.

Prayer is the heart’s communication with our loving Lord. It doesn’t require special words, patterns, positions, time or place. It simply requires participation. If Jesus, God incarnate, felt the need to go away alone to be strengthened and renewed by his Heavenly Father, surely, we need that same strengthening and renewal.

Many years ago, I was Christmas shopping in a huge discount warehouse with my two-year-old son. The counters were piled high with toys of every description. He was spellbound by this treasure trove. He let go of my hand, and as he drifted around the corner of the counter, he suddenly realized he could no longer see me. He cried out in fear, and I immediately retook his hand. Though he could not see me over the clutter of toys, he was never out of my sight nor more than a few inches away.

How wonderful it is to know that we are never out of Jesus’ sight, even when the “treasure trove” or clutter of our lives distracts us. He knows our needs even before we know them ourselves, and he is able and willing to take care of us. In this fearful time, he is right here with us. When he was about to return to heaven, Jesus understood that his apostles were afraid. He already knew what they would be facing as they went about their daily lives and the enormous task he had given them. According to Matthew 28:20 (NIV), the last thing he told them was, “I am with you always.” Those words assure us today as well.

I have celebrated over 90 birthdays, but God is not through with me yet. Philippians 4:13 (NIV) says, “I can do all this through him who gives me strength.” I am assured that he will enable me to do my task.

If you are reading this, he is not through with you either! As long as he leaves us here, he has a task for us. He will take us home to glory to be with him when he is through with us on this earth. What a wonderful reunion that will be!

He lives in you and knows and treasures your voice; give him a call today.

Want more devotionals? Our 40-day devotional book written by our Mission:Dignity recipients is available to order here.

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Across the Markets

Equities decline as tech leads pullback
  • S&P 500® fell 1.6%, Nasdaq dropped 3.0%, and Russell 2000 declined 1.9%.
  • Mega-cap tech stocks led the sell-off, snapping a three-week winning streak.
Market breadth improves despite index losses
  • Defensive and value sectors like energy (+0.6%), health care (+1.0%), and financials (+0.3%) posted gains.
  • Tech sector fell 4.2%, dragging down cap-weighted indexes despite broader stock gains.
Treasury curve steepens on rate expectations
  • Short-term yields fell on Fed, easing hopes; long-term yields edged higher.
  • 10-year Treasury yield held near 4.1%.
Oil declines on supply concerns, gold stabilizes
  • WTI crude fell ~2%, marking its sixth weekly decline in eight weeks.
  • Gold rose 0.3% to hover near $4,000/oz, ending a two-week slide.
Europe retreats on valuation concerns
  • European equities declined as AI-related stocks weighed on sentiment.
Bank of England holds rates steady
  • Key rate held at 4.00% in a narrow vote; Governor Bailey signaled openness to future cuts.
Japan pulls back on profit-taking
  • AI and chip stock sell-off drove declines; yen strengthened on safe-haven demand.

In the Economy

Shutdown continues, data vacuum persists
  • October’s employment and CPI reports delayed; analysts rely on private data.
  • FAA and food assistance disruptions added to economic strain.
Labor market shows uneven recovery
  • ADP reported 42,000 private-sector job gains in October.
  • Large firms hired while small and mid-sized businesses shed jobs.
Consumer sentiment hits three-year low
  • University of Michigan index fell to 50.3 in early November.
  • Shutdown and economic uncertainty weighed on confidence.

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This information is prepared by GuideStone Capital Management, LLC®, a controlled affiliate of GuideStone Financial Resources®. This material is provided for educational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. Diversification is not a guarantee against loss. This information does not represent any GuideStone® product. Special risks are inherent in international investing, including those related to currency fluctuations and foreign, political and economic events.

The material represented has been obtained from sources we consider reliable, but which we cannot guarantee. It is subject to change without notice and is not intended to influence your investment decisions. This information discusses general market activity, industry or sector trends or other broad-based economic, market or political conditions and should not be construed as research or investment advice.

All indices are unmanaged and not available for direct investment. Index performance assumes no taxes, transaction costs, fees or expenses. Past performance does not guarantee future results.

The S&P 500® Index is a market capitalization-weighted equity index composed of approximately 500 U.S. companies representing all major industries. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of its constituents. “Standard & Poor’s®”, “S&P 500®”, “Standard & Poor’s 500” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by GuideStone.

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe and is a subset of the Russell 3000 Index, representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The index is completely reconstituted annually to ensure that larger stocks do not distort the performance and characteristics of the actual small-cap opportunity set. Frank Russell Company ("Russell") is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. "Russell®" is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and/or Russell ratings and/or underlying data and no party may rely on any Russell Indexes and/or Russell ratings and/or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell's express written consent. Russell does not promote, sponsor or endorse the content of this communication. Index used with permission. It is not possible to invest directly in an index.

The West Texas Intermediate (WTI) Crude Oil Index is a benchmark in oil pricing, representing the price of oil extracted in the United States, primarily from Texas and surrounding areas. WTI is widely used in the oil futures market for trading and contract settlements. The Index reflects the spot and futures prices for WTI crude oil as traded on the New York Mercantile Exchanges (NYMEX).

The University of Michigan Consumer Sentiment Index (MCSI) measures consumer attitudes about the economy, personal finances, and business conditions. The Index is a monthly survey that provides insights into how consumers expect the economy to change in the future.