We have completed a very positive November, we are now entering December. As you know, the stock markets were closed last Thursday. They were open for half a day on Friday and investors were still in a celebratory mood on Friday after Thanksgiving. Stock indexes completed the whole day with an increase. Thus, both the week and the month ended very positively and celebrated Trump's presidency. Nasdaq completed the shortened session on Friday with a 0.8% increase. Thus, a weekly increase of 1.1% and a 6.2% increase for the entire month of November came. This increase represents the best month since May for Nasdaq. Thus, Nasdaq closed three of the last 4 months with an increase and has increased by 28% since the beginning of the year. S&P 500 also closed Friday well. There was a 0.6% increase, a weekly increase of 1.1%, and a monthly increase of 5.7%. This means the best monthly increase since November 2023. The index has also increased by 26.5% since the beginning of the year. We are really having a very good year. I think you should go and ask those who shorted you on the stock exchanges this year. The Dow Jones continues to rise. The Dow Jones is especially happy with Trump's election. Because it is thought that the tariffs will draw production back to America. It increased by 0.4% on Friday and broke its own record by exceeding 45,000 for the first time. The Dow Jones has increased by 7.9% since the beginning of December. There is really a very strong increase. This is the best performance since last November. It also benefited small stocks on Friday. The Russell 2000 increased by 0.4. Thus, the increase since the beginning of the month reached 11% in this index.

Investors continue to believe that regulation and tariffs will benefit small stocks in particular. Friday was also a good day for the Microchip Industry. The Biden administration is considering new restrictions on microchips against China. However, a news story has been leaked to Bloomberg and it is thought that these restrictions may be less than expected. Therefore, the sector has gone up by 1.9% in total. Of course, this has also benefited stocks like Nvidia. The elimination of election uncertainties is beneficial to stocks. In addition, the market trusts Trump's economic policies aimed at growth. Also, the indexes are currently above all the important moving averages. This makes us look at the future a little more hopeful, but you never know. Because today we are starting the first week of the month and the first weeks of months have always been bad lately. Because there is a lot of data in the first weeks of months. The most important of these data is employment, and they can confuse the market a little.

So let's see what data is coming this week. The US purchasing managers index PMI is coming on Monday. This is an index that has always been able to bring down the stock market lately. Automobile sales data for November will also come. That will also give an important clue about the direction of the market. The FED's economic conditions report, the Beige Book, is being published on Wednesday. We will look at what the FED sees regarding the economy there. Markets are still waiting with curiosity, but the main theme of the week is labor force data. There is a lot of data coming in on this. Data compiled from job postings is coming on Tuesday. The ADP report showing private sector employment is coming on Wednesday. But the most important report is on Friday. We will see the situation in non-farm employment that day. Frankly, I don't expect a big change.

In the meantime, Trump is making his power felt. As you know, Mark Zuckerberg went and kissed Trump's hand. This time, Canada's Prime Minister Justin Trudeau also went to kiss Trump's hand. He gave assurances about border security and combating fentanyl smuggling. As you know, Trump says to both Mexico and Canada, if you don't prevent these issues, I will impose a 25% tariff on you. Canada's biggest customer is naturally the United States. So the president went and apologized to Trump, as far as I understand, and said we will cooperate. Trump described the meeting as productive. Trudeau made promises about both increasing border security and combating drug smuggling. Canada's prime minister thinks that maybe he can ease the tariff threats a little.

Meanwhile, there is another very interesting piece of news. Jamie Dimon, the CEO of JP Morgan, the largest bank in America, and Donald Trump have been secretly collaborating for a long time. According to the news in the New York Post, JP Morgan CEO Jamie Dimon has been in secret communication with President-elect Donald Trump for months. He was providing him with policy advice on issues such as government spending, banking regulations, taxes and trade. Then, at some point, things between Trump and Dimon seem to have soured a bit. Trump said he would not see Dimon in his cabinet. But news sources say that the communication continues and that Dimon has an important role in determining Trump's economic policies. This is of course good news for the markets. Because Jamie Dimon is one of the most respected bankers in America and the market trusts his judgment and thoughts very much. Let's put that aside as good news.

On the other hand, of course, it is interesting how deep the relationship with Trump has become and how many statements are made on these issues. If I were to write an article about this alone, hours would not be enough. Trump has expanded his tariff threats in the meantime. This time he attacked the BRICS countries. As you know, the BRICS countries say they will issue their own currencies and challenge the dollar. Trump also said that if you do something like this, I will impose a 100% customs duty on you. Of course, China and India will be greatly affected by this. Brazil, Russia, India, China, South Africa and others are in this alliance. But the really important ones are China and India and Trump says, don't you dare do something like that. Now we will defend our currency. I will impose a 100% customs duty and it is a bit difficult to know how effective these threats will be. Because the purpose of the emergence of BRICS was to protect these countries against such threats from America. It is also a fact that if you do not export to America, your job is difficult. Therefore, I think Trump's words will be listened to, especially on the Indian side. We will see the reactions together. The Chinese yen weakened a bit against the dollar after this news.

Let's also look at some company news. There is good news from Tesla. The news that the 13.2 fsd version, or the 13.2 version of the fully autonomous driving software, has started to be distributed to consumers in America has dropped. Very important news, Tesla says that it is testing a completely new architecture here and has started to see the results of this big data center investment. The first ones to download it were very impressed. I don't get too excited right away. Because after a while, some other problems arise. But it is clear that Tesla has taken another step towards fully autonomous driving and the stock market is currently rewarding Tesla. The stocks seem to be quite high in the market. By the way, an analyst I really like is Daniel Ives from the Wedbush investment company, he says that Tesla's artificial intelligence and autonomous driving initiatives have now fully accelerated. When we also take into account the collaboration with Trump, these could increase the company's value to over $2 trillion. Ives says that the Department of Transportation's creation of a formal federal framework for fully autonomous vehicles is one of its top priorities "before such news had fallen" and that loosening the rules on autonomous vehicles in the US would also be a big step. I think the same way, but we shouldn't get too excited right away. There's still a long way to go, but it looks like Tesla could take important steps in fully autonomous driving and robot taxis. Elon Musk and Trump's relationship will certainly help this. After these assessments, Ives updated his outperform rating for Tesla and set a target price of $400. The stock is currently trading around $350.

The news is good for Tesla, but not so good for the automotive sector in general. Stellantis CEO Carlos Tavares resigned amid growing difficulties. As you know, the company's turnover has declined. The stock has lost around 43% of its value since the beginning of the year. The decline in US sales has had a big impact on the company's stock price decline. Stocks are inflated, there is weakening financial performance. Why is all this happening? Frankly, they have not joined the electric car revolution. When you drive electric cars, you can clearly understand why fossil fuel cars have no future. I had a Tesla Model 3 before. I sold it because the car was old. I am waiting for the new Tesla Model 3 right now. It is truly a completely different pleasure to drive these cars. They are becoming more comfortable, especially since there is no range problem in the city. In other words, I can clearly say that good days are not waiting for the companies that insist on fossil fuel cars. Similar news is already coming from Volkswagen, Mercedes and all the manufacturers in Europe. They are also losing a lot of market share in China. This is tiring them out a lot.

On the other hand, there seems to be positive news about Apple. Apple's iPhone 16 seems to have achieved good sales during the holiday season. On the other hand, a new update has come to these phones, the 18.2 update, and it seems that the artificial intelligence features here are quite high. Consumers have not been renewing their iPhones for a long time, but it seems that the artificial intelligence issue has started to excite people a little and the iPhone 16 sales seem to be good. Again, some analysts say that this could mean rapid revenue growth for Apple. As you know, Apple is also integrating chat gpt into mobile phones. Apple says that you can solve certain artificial intelligence issues directly in our applications, on our phones. You can also use chat gpt integration for more complex things. As someone who uses chat gpt very intensively, I am really looking forward to what this integration will bring. There are also around 300 million people in the world who have not renewed their phones.

On the other hand, chat gpt made a statement this week. They said that they will reach 1 billion users in the new growth period. They say that iPhone integration also plays an important role in this. I will keep my Apple stock, I will not sell it, this is not investment advice. But I still believe in Apple's potential to rise. I am not buying new stocks in Apple. Because the positions are big enough, but I think Apple could be one of the shining stars of 2025 - 2026. On the other hand, Elon Musk is not at all happy with the developments of Open AI and has filed an injunction against Open AI. He accused the company of acting against competition and trying to turn into a for-profit organization. As you know, it was normally a non-profit organization and Elon Musk is one of its founders, and the partners have fallen out later. Musk's lawyers said that Open AI currently has a 70% market share in the generative artificial intelligence market in partnership with Microsoft, and they say this is unfair competition. Of course, Musk can increase his attacks now that he has political power behind him. He intends to include Microsoft and Linkedin co-founder Raid Hoffman in this case. Dee Templeton, a Microsoft executive who also worked at Open AI, has also been added to this case as a defendant. Elon Musk seems intent on revenge.

Of course, things are going very well for Elon Musk these days. As you know, Twitter was a big problem for him. However, he managed to remove XAI from Twitter's structure, a new artificial intelligence initiative. He had counted $44 billion for Twitter. It is estimated that Twitter's market value has decreased by around 70%. It is not a public company, so we do not know exactly, but XAI's value has reached $55 billion. It received $6 billion in investment. On the other hand, Fidelity, which funded Elon Musk's purchase of Twitter, made a new statement and said that Twitter's value has increased by 32.37%. They say this based on the partnership with XAI. However, despite this increase, Elon Musk still has not recovered his losses on Twitter. XAI is partially compensating. However, Twitter may revive in the coming days. We know that there is a serious increase in advertising on Twitter right now. After all, everyone wants to be close to the powerful in politics everywhere in the world. There is no different situation here and many balance sheets are coming this week.

Important balance sheets are also coming. For example, one of the balance sheets that I am very curious about is the balance sheet of Salesforce, a software service company, I am eagerly waiting for its balance sheet. It is expected to increase 16% profit and 7% revenue. The stock has increased by 25% since the beginning of the year. But this is only as much as the Nasdaq index, the way needs to be opened up for a further increase. Investors believe that artificial intelligence can hit these types of companies a little. Let's see if that fear passes, we will all see together. On the other hand, other balance sheets are coming on the technology side. Zscalers in the cybersecurity field, Sentinel One again in the cybersecurity field, Marvell in the chip field and Octane's balance sheets are coming. Another important week in terms of balance sheets.

To sum up, stock markets had a very good month. The first week of December may fluctuate a little. This employment data scares me. Again PMI etc. but it still seems to be heading upwards. Because all the indexes are well above average and we are entering the Santa Claus Rally period. Of course you never know. Markets usually like to leave people in the lurch. My scenario is before Trump is declared president because he will officially become president in January. It seems to me that he may want to pull the stock markets down a bit. Then he will say look how much I increased them. For this, a few statements will be enough, we will see and follow.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.