We’re seeing mostly random premarket action to kick off Thanksgiving week.
I don’t expect much volatility this week with the holiday. This is a week for less day trading, only sticking with the strongest and weakest stocks.
We have existing home sales, durable goods, consumer sentiment and the latest FOMC minutes. I don’t expect any of these reports to move markets much.
Unless Fed Chair Jerome Powell says anything shocking — which he won’t — we’re probably at or near the end of the rate-hiking cycle. So I don’t expect much of a response to the minutes this month.
Whether or not interest rates will stay at current levels is what’s driving the market most in the near term.
We’re done with the biggest earnings reports, but there are a couple of decent reports coming, namely Nvidia reporting Tuesday.
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 three sectors I’m paying close attention to this week… whether we are going to see mostly random trading action… FOMC minutes and what to expect next… bond market and how to position yourself right now… whether stocks have more firepower or will back off from the current levels… will blue chips continue lagging behind tech or buck the trend and reverse?
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