Thanksgiving week delivered a nice rally to help November finish higher than October
It's now December and we have a myriad of US News hitting the headlines before Christmas and New Year's bring us into 2026
ADP Non-Farm
US PMI
US Core PCE
Non-Farm
CPI / PPI
FOMC (December Rate Cut Likely)
Price action is truly key. November ended with a nice stable rally with broad market pumps encouraging an equal weight comeback trade for now (nearly 60% of S&P stocks > 50 period moving average, and 60% of S&P stocks > 200 period moving average)
If the markets avoid a major slip or disruption to end the year, animal spirits may remain optimistic enough to keep the party going in 2026 and continue to climb the wall of worry as sentiment remains pessimistic
US Market Key Levels
1) Oct 10 and Nov 20 candle lows
2) 200 period moving average
3) February 2025 all-time highs area
Sector rotation is pretty clear. Broader market rotation is pretty clear, but overall the markets need to continue to show stable and steady earnings growth and trends and keep the AI narrative glowing with a positive outlook
It's now December and we have a myriad of US News hitting the headlines before Christmas and New Year's bring us into 2026
ADP Non-Farm
US PMI
US Core PCE
Non-Farm
CPI / PPI
FOMC (December Rate Cut Likely)
Price action is truly key. November ended with a nice stable rally with broad market pumps encouraging an equal weight comeback trade for now (nearly 60% of S&P stocks > 50 period moving average, and 60% of S&P stocks > 200 period moving average)
If the markets avoid a major slip or disruption to end the year, animal spirits may remain optimistic enough to keep the party going in 2026 and continue to climb the wall of worry as sentiment remains pessimistic
US Market Key Levels
1) Oct 10 and Nov 20 candle lows
2) 200 period moving average
3) February 2025 all-time highs area
Sector rotation is pretty clear. Broader market rotation is pretty clear, but overall the markets need to continue to show stable and steady earnings growth and trends and keep the AI narrative glowing with a positive outlook
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chris Pulver
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.