By Bill Hornbarger, Chief Investment OfficerPrint This Post
Three Things to Watch
- Investors will face a holiday-shortened week with the markets closed on Thursday and an early close on Friday (1 p.m. ET).
- The meeting minutes from the Nov. 2, Federal Open Market Committee meeting will be released on Wednesday. That meeting was held before the latest CPI report and the Fed raised rates 75 basis points. Expect the minutes to be hawkish.
- Inflation expectations have remained “well anchored” and on Wednesday we will see if that remains the case. The University of Michigan 1-year inflation and 5-10 year inflation survey are expected to be 5.1% and 3%, respectively.
Three Things to Know
- The 2022 World Cup soccer began Sunday in Qatar. Although India qualified for the 1950 World Cup in Brazil, the team chose to withdraw from the competition. Financial concerns played a role in the team’s decision, but so did FIFA’s requirement that all players wear shoes during matches: The Indian footballers were only accustomed to playing barefoot at the time. (Source: history.com)
- In November, used car prices were up 2% versus the same time last year versus a year-over-year change of 14% in February. (Source Haver)
- Thanksgiving Day is the busiest travel day of the year. The American Automobile Association (AAA) has estimated that over 42 million Americans travel 50 miles or more by car over the holiday weekend. Another 4 million people fly to visit their loved ones for the holiday. (Source: Holidappy)
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.