Inflation data coming
Summary
Dan Passarelli reviews the S&P 500's strong weekly performance, noting that recent hammer days suggest continued upward momentum. He previews the upcoming shortened trading week due to the Thanksgiving holiday and highlights Wednesday's release of GDP and PCE data as the primary catalyst for market direction. Passarelli explains that inflation figures could either fuel further gains or trigger a reversal, while Friday's Fed balance sheet update offers additional insight into monetary policy.
Topics discussed
Introduction and weekly market recap
S&P 500 performance and technical follow-through
Upcoming Thanksgiving and Black Friday market schedule
Wednesday GDP and PCE inflation data release
Market impact of inflation expectations
Friday Fed balance sheet update
Closing remarks and weekend wishes
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