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SPY 
$402.80  $4.11  1.01%  
QQQ 
$289.58  $2.97  1.02%  
DIA 
$342.30  $2.44  0.71%  
IWM 
$184.48  $3.57  1.90%  
AAPL 
$148.39  $0.58  0.39%  
TSLA 
$184.53  $10.33  5.30%  
MSFT 
$251.87  $3.15  1.24%  
META 
$122.95  $0.54  0.44%  
GOOGL 
$100.45  $0.005  0.00%  
AMZN 
$92.63  $1.50  1.59%  
NVDA 
$167.55  $1.21  0.72%  
NFLX 
$318.06  $2.36  0.73%  
MA 
$357.62  $2.44  0.68%  
JNJ 
$179.19  $0.306  0.17%  
XOM 
$109.70  $0.16  0.15%  
KO 
$63.70  $0.65  1.01%  
HD 
$321.06  $6.93  2.11%  

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The Beginning of a Santa Clause Rally?

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Last Week’s Market Activity

After some better-than-expected inflation data, we saw a rally the likes of which we have not seen in quite some time.  The Dow was up just under 4%, the Russell 2000 was up just under 5%, and the S&P 500 was up just under 6%.  However, these performances pale in comparison to the Nasdaq skyrocketing over 8% in just one week!  

Macroeconomic Indicators

To start things off, we saw consumer credit come in roughly $5 billion less than expected on Monday.  However, the real price movements came after the release of CPI data on Thursday.  As you may know, CPI and Core CPI beat on all metrics, which was huge for the markets.  This led to an influx of buying from both retail and Wall Street, as markets priced in a 50 bps hike in December.  

Upcoming Market Catalysts

Luckily for us, there shouldn’t be many market catalysts this week outside of earnings.  For those who are interested, we will be getting some information on housing starts, home sales, and building permits.  These releases will all give us a better idea of how the housing market is holding up. This will be especially helpful for those looking to make real estate investments in the near future or play housing-related stocks.  

Notable Earnings Releases

While there aren’t many tech companies reporting this week, we still have some incredibly important companies reporting earnings this week, including:

11/14 – Tyson Foods (TSN), Nu Holdings (NU), Monday.com (MNDY)
11/15 – Walmart (WMT), Home Depot Inc. (HD), Sea Limited (SE)
11/16 – NVIDIA Corporation (NVDA), Cisco Systems (CSCO), Lowe’s Companies (LOW), TJX Companies (TJX), Target Corporation (TGT)
11/17 – Alibaba Group (BABA), Applied Materials (AMAT), Palo Alto Networks (PANW), BJ’s Wholesale Club (BJ)
11/18 – JD.com (JD), Foot Locker, Inc. (FL)

Most of the attention this week will likely be on WMT, HD, LOW, TGT, and NVDA.  The first four companies will be able to give key insights into how the consumer is behaving, which will be incredibly important for wall street.  NVDA will be able to provide commentary on the chip market, which will be important for the street, as many chip stocks have not seen much love lately.  

Additionally, we’ll hear from some Chinese tech giants, like BABA and JD.  These companies will provide important insight into how Chinese socioeconomic conditions and policy are shaping the business landscape. 

⚡ Watchlist ⚡

S&P approaching potential shorting level. No action taken yet.

⚡ Trade Wins from Last Week ⚡

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