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Week of November 4th – 8th

  • This past week, the S&P 500 index climbed 0.8%, to 3093.08; the Dow Jones Industrial Average rose 1.2%, to 27,681.24; and the Nasdaq Composite increased 1.1%, to 8475.31. All three are at their highest-ever closing values. The S&P 500 has risen for five consecutive weeks—the longest such streak since February.
  • Nov. 7: The inescapable conclusion [from] the powerful rebound in many leading transportation stocks in recent weeks is that the market foresees economic growth potential as we head closer to 2020. That both the U.S. and China have made progress in ending the trade tariff dispute is arguably the biggest potential selling point for the transportation industry, and leading transport stocks have apparently discounted a trade agreement.
  • Chinese consumers will celebrate their Black Friday three weeks before Americans—on Monday, Nov. 11. Started by e-commerce giant Alibaba Group Holding _ in 2009, the shopping extravaganza sold over $30 billion worth of products last year within 24 hours, nearly twice Black Friday and Cyber Monday combined.
  • No recession is coming, and the global slowdown is over.
  • First reading on Q4 GDP, below estimates 1.
  • Eurozone GDP Q3 better than expected. As discussed Germany is Retail Sales also surprised. bouncing back, and the market knows it.
  • EEM/SPY reversal?
  • PBR bad auction. And then Lula was freed on a Supreme Court ruling that basically releases all white collar crime people => LavaJato.
  • XLF breaks out on curve steepening.
  • China-US the yo-yo continues