Happy Thanksgiving from Markets with Megan! 🦃

Today, Megan Horneman shares fun, surprising, and meaningful economic insights you can bring to your holiday table, from falling turkey prices to the global equity rally that continues to break record after record.

You’ll learn:
🍗 Why the cost of Thanksgiving dinner is actually down 5% this year
📉 How supermarkets helped push turkey prices lower
📈 What we’re thankful for in the markets — including diversification, international outperformance, and a broadening rally
🛍️ Why consumers may still carry the holiday season with a trillion dollars in expected spending
💼 Why having full economic data back is a reason to celebrate!

Pull up a chair, enjoy your holiday, and get a quick snapshot of what’s happening across markets, consumers, and inflation.

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🌐 Podcast archive: https://marketswithmegan.fm

💼 Learn more about Verdence Capital Advisors: https://verdence.com

#MarketsWithMegan #Thanksgiving2025 #EconomicUpdate #TurkeyPrices #HolidaySpending #StockMarket #Inflation #ConsumerTrends #VerdenceCapital #MarketInsights

https://youtu.be/mxIdMP0R6u8

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

The latest housing market data is in and the signals are anything but clear. In today’s episode, Megan Horneman breaks down the mixed messages coming from home sales, inventory levels, and mortgage rates.

Are consumers finally pulling back? Are higher interest rates starting to bite? And what does this mean for markets as we head into the end of the year?

Megan explains what the data really means for buyers, sellers, and investors, and why the housing sector may be more vulnerable than it appears.

🔔 Subscribe for more real-time market insights.
🌐 Full podcast archive: https://marketswithmegan.fm

💼 Learn more about Verdence Capital Advisors: https://verdence.com

#MarketsWithMegan #HousingMarket #EconomicUpdate #InterestRates #MortgageRates #RealEstateData #ConsumerTrends #Inflation #StockMarket #FinanceNews #VerdenceCapital

https://youtu.be/Pf0Jruk1xQM

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...

Consumer confidence weakens even as lagging retail sales look resilient, pointing to a softer holiday season and rising expectations for a December rate cut. We connect the drop in expectations, a softer jobs signal, and why equities still rallied on policy hopes.

• November consumer confidence weakens versus expectations
• Expectations component hits lowest level since 2013 ex-April drop
• Inflation expectations stable but elevated at 4.8 percent
• Jobs plentiful minus hard to get index declines
• Lagging retail sales contrasted with timelier confidence data
• Market pricing shifts to December rate cut odds above 80 percent
• Equities respond to easier policy hopes for 2026 growth
• Takeaways for spending, hiring, and investment posture

If you like this podcast, please subscribe, hit that alarm bell, share it with friends, family, or colleagues.

https://youtu.be/65mYNJsJuFM

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...