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Indian markets have been under pressure in recent weeks, but strategist Matt Orton remains bullish on the country, revealing “one of his favorite” stocks right now.

“India has been my most overweight country and that still remains the fact outside of the U.S.,” the chief market strategist at asset management firm Raymond James Investment Management said, naming a stock that is one of his favorites.

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— Amala Balakrishner

One reason the postelection rally for stocks appears to have stalled may be that investors are growing less confident in the rate cut path of the Federal Reserve.

According to the CME FedWatch Tool, trading in the fed funds futures market currently implies a 62.1% likelihood of a rate cut in December. That is down from 65.3% a week ago, and 76.8% a month ago.

Jim Baird, chief investment officer at Plante Moran Financial Advisors, said recent signs of continued strength for the economy could lead to the Fed slowing its pace of cuts.

“It is going to call into question how much more they need to cut, and how quickly. I think that’s what they’ve really been hinting at — that they’re going to be patient, they’re going to be data dependent, and that could mean a slower pace of rate cuts than either their forecasts have suggested or the market was expecting,” Baird said.

Baird added that the effect of the election, such as the potential for higher tariffs under President-elect Donald Trump, “exacerbate” those questions about how much the Fed will cut.

— Jesse Pound

Three Wall Street banks have taken differing views on gold’s trajectory in 2025, reflecting the complex economic outlook.

Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying “Go For Gold” in a note from Nov. 17.

Others, however, including JPMorgan and UBS, have taken a different view.

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