đWEEKLY MARKET OUTLOOK
đISM Manufacturing PMI - Monday
đPalantir $PLTR Earnings - Monday
đAMD $AMD Earnings - Tuesday
đADP Payrolls - Wednesday
đ„ISM Services PMI - Wednesday
đ„Robinhood $HOOD Earnings - Wednesday
đUMich Consumer Sentiment - Friday
đšWednesday = most volatile day.
Goverment still in shutdown= no major economic releases
- Stocks began November with gains, suggesting the seven-month rally in global equities may still have room to run amid strong tech earnings and easing USâChina trade tensions. đ
- MSCIâs all-country world index advanced for the seventh time in eight sessions, with Asian shares climbing 0.5%. Contracts for the S&P 500 gained after the gauge rose Friday, as earnings optimism outweighed worries about a rally thatâs heavily concentrated on tech giants.
- European shares were also set for a positive open. Markets in Japan and cash trading of Treasuries were closed on Monday due to a holiday.
- Stocks have rallied to record levels, even after Federal Reserve Chair Jerome Powell warned that a December rate cut isnât a foregone conclusion and megacap tech earnings were mixed.
- Trade tensions have also eased, with Beijing signaling plans to suspend new export controls on rare earth metals and end investigations into US firms in the semiconductor supply chainđš
- Since its April slump, the S&P 500 has roared back nearly 40%, marking its longest monthly winning streak since 2021. The Nasdaq 100âs performance has been even more striking: a seven-month rally, its best run in eight years, powered by techâs strong balance sheets and unrelenting AI optimism.