Monday Morning Must-Knows - November 4, 2024

Monday Morning Must-Knows by Trading Academy

November 4, 2024

WillElection Day Shake Up Market Trends?

Itwas a volatile week with major earnings from Microsoft, Meta, Amazon, andApple, creating fluctuations, especially toward the end of the week. 

While the market trend leans upward, this week’s focus shifts from earnings toU.S. elections, a critical factor impacting market sentiment. Regardless ofpolitical views, make sure to vote on federal, state, and local issues thatmatter to you.

Key earnings this week include Vertex, Marriott, Emerson, Qualcomm, Airbnb, andBaxter. International central banks—the Reserve Bank of Australia and Bank ofEngland—are expected to adjust rates, potentially moving the Australian dollarand British pound. 

On Thursday, the U.S. Federal Reserve will announce its rate decision, with ahigh probability of a 25 basis point cut. 

The Fed's press conference following the announcement may spark furthervolatility. Expect fluctuations as markets digest these key events.

As always, if you’re in the markets, make sure you have a trade plan. Join usfor a FREE introductory class. Learn about tools & rules for trading withconfidence-so you can stay one step ahead of market volatility. Stay Informed,Start Knowing Today!