Monday Market Must-Knows: November 13, 2023

Last week witnessed intense volatility in commodities, particularly in gold, silver, and natural gas, possibly influenced by fluctuations in the dollar index. Forex traders also faced significant volatility. Bond markets experienced fluctuating yields, with the 10-year and 30-year yields responding to expectations surrounding the December FOMC meeting. In equities, the NASDAQ surged, the S&P posted gains, while the Russell faced a significant downturn. Microsoft reached all-time highs, likely tied to recent earnings. This week, 988 companies are set to report earnings, including Tyson Foods, Home Depot, Cisco, Walmart, and Alibaba. Retailers reporting may offer insights into the sector's performance. Inflation remains a key driver, with Consumer Price Index (CPI) and Producer Price Index (PPI) data expected to show a decline and stability, respectively. Retail sales are anticipated to contract by -3%, marking the first decline in seven months. Overall, market focus remains on inflation trends and retail performance, crucial in the lead-up to the holiday season.As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!