Monday Morning Must-Knows - November 11, 2024

Monday Morning Must-Knows by Trading Academy

November 11, 2024

IsInflation Finally Under Control This Month?

Lastweek’s trading was intense, driven by an election outcome and interest rateannouncement, pushing markets mostly in one direction. The NASDAQ, S&P, andRussell all surged over 5%, with the Russell up over 8%. 

This week promises a calmer atmosphere, with fewer big events. Earnings reportsinclude BYD Motors on Monday, Live Nation on Tuesday, and Disney on Thursday,among others.

Inflation remains key: the 10-year bond yield jumped from 3.6% to 4.5% inrecent months, indicating higher capital costs. Fortunately, the yield curve isback to normal. 

CPI data out Wednesday is expected to stay at 2.4% year-over-year, a positivesign for consumers. PPI follows on Thursday, with expectations holding steady.Finally, retail sales data on Friday will show consumer spending trends.

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