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:

Icon of a Bible
Icon of a BibleThe Need Around Us

Judges 6:11-24 (CSB)

Miguel and Piedad DeLuna authored this issue’s devotional. They served the Lord together for more than 25 years.

Take a look. What do you see around you? Your community, town, city, state, nation; what stands out to you the most? Our answer: No matter where you are or where you come from, this world needs to know of the love of Jesus Christ.

My wife and I are in our late 80s. If you combine our ages, the Lord has given us 175 years on this earth, and we are grateful. To this day, we get to share the Gospel with those around us.

One of our favorite Scriptures to share is found in the book of Judges 6:11-24 (CSB) — the story of Gideon and of the grace, love and mercy that God has for him (and us!). Gideon begins by giving excuses as to why he should not be chosen to save the Israelites. Continuing into this story, Gideon goes as far as requesting proof that God was really speaking to him, asking him to save God’s people. Similarly, we have been called to preach the Gospel to the world. How many of us do exactly this, making excuses that we are not this or that and going as far as to question God’s direction to us? Did we hear God correctly? Is he really talking to me? Even with these very human questions, the answer is simple. The last part of verse 18, “And he said, ‘I will wait until your return.’” People need to know that he waits for each of them, no matter where they are in their lives. Jesus waits for them to answer his call. And it doesn’t end there, as we see in the last part of verse 24, “The Lord Is Peace.” His peace is yours to have within this call as we seek to share with others.

How many opportunities do you have to share the love, peace and salvation of Jesus Christ? Our answer is, “Until the Lord calls us home.” We encourage you, no matter where you’re from or your age, if you’re given the opportunity to share, to do so — until the Lord calls you home!

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


Across the Markets

Equities slip as volatility picks up

  • U.S. equities closed modestly lower in a shortened holiday week.
  • S&P 500® fell 0.4%, and Russell 2000® declined 0.3%.

Trade‑war concerns spark sharp intraday moves

  • Stocks sold off on Tuesday after President Trump suggested tariffs tied to tensions with Europe over Greenland.
  • Markets rebounded on Wednesday after the administration softened its position.
  • Major indexes remain near record levels, with the S&P 500® just 1% off highs.

Treasury yields steady

  • 2-year yield held at 3.60%; 10-year held steady at 4.23%.

Precious metals surge

  • Gold rose 7.4% to $4,936/oz; silver crossed $100/oz for the first time.

Dollar weakens

  • The dollar fell 2.0% amid policy uncertainty and rising Fed rate‑cut expectations.

Europe declines on tariff concerns

  • European equities fell amid trade tensions and geopolitical uncertainty.

Japan faces political and fiscal uncertainty

  • Japanese equities fell ahead of a snap election in February.
  • 10-year JGB yield rose to approximately 2.26%, the highest since the late 1990s.

Bank of Japan leaves rates unchanged

  • Policy rate held at 0.75%; further normalization depends on economic conditions.

China’s growth slows

  • Real GDP rose 4.5% year-over-year in Q4, the weakest pace since late 2022.

In the Economy

Inflation remains above target

  • Headline and core (ex. food and energy) PCE each rose 2.8% year‑over‑year in November.

GDP revised higher

  • Q3 real GDP now estimated at 4.4% annualized, up from 4.3%, driven by stronger exports and business investment.

Labor market steady

  • Initial jobless claims rose slightly to 200,000 but remain historically low.
  • Four-week moving average fell to 201,500, the lowest in nearly two years.

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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 Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas.