It’s Friday, Dec. 1, and I can’t believe we’re in the last month of 2023…
As far as the market, it’s been a volatile week, even though the market hasn’t really gone anywhere. Trading volume has continued to be light after the Thanksgiving holiday.
For good day and swing trading, you need volume to pick up, and it did a little bit on Thursday.
The S&P 500, tracked by the SPY ETF, is right about where it started the week. Meanwhile, the Dow is holding up while the Nasdaq is struggling.
The bond market (TLT) has also come down a bit as the market is finally coming to the realization that we are very unlikely to see an interest rate cut as soon as March.
So I think the market has gotten a bit ahead of itself and could start to give back some of the gains we’ve seen over the past month.
Do I expect things to fall apart? No, but it would be healthy for us to see a bit of a correction.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing…
I’ll discuss the bond market and what’s next… how to navigate the current market landscape… the sectors that are outperforming… if blue chips are going to lead the way higher… if bonds will begin trading lower… what’s next for the Fed… why I’m critical of FANG stocks right now… an update on the Fed and what to expect next from Chair Jerome Powell!
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