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News Last Week
- Stocks surged last week, prompted by optimistic economic signals and a softer stance on interest rates from the Federal Reserve, which hinted at ending the cycle of rate hikes.
- The latest job figures boosted investor confidence, indicating a balance between cooling inflation and maintaining a robust labor market to prevent a severe recession.
- Despite potential future challenges, market recovery, economic growth signals, a steady Federal Reserve, and historically strong periods for stocks suggest market momentum into 2024.
- Goldman Sachs has lowered its inflation forecasts for core CPI and PCE to align with Federal Open Market Committee projections by December 2024, indicating possible easing of inflationary pressures.
- Last week's market recovery, led by the tech sector, contrasts with the attentive watch on Treasury yields and policy decisions, reflecting a cautiously optimistic economic outlook.
News This Week
- The upcoming week will feature a barrage of earnings reports from key companies like Uber Technologies, UBS, and Occidental Petroleum, offering insights into diverse industries.
- The automotive market will focus on earnings from Honda and Rivian, while the media and entertainment sectors await reports from Disney and Warner Bros. Discovery.
- The New York Fed's household debt and credit report due Tuesday will provide crucial data on American consumer financial health amidst inflation.
- The University of Michigan's Consumer Sentiment Index for November, released at week's end, will gauge consumer confidence, which significantly influences spending and economic prospects.
Long-Term Market Cycle Analysis