November 22, 2023

Markets:

Stock futures rose slightly on Wednesday as yields fell to their lowest level in two months.

The yield on the 10-year Treasury declined by more than 4 basis points to 4.367%, the lowest level since Sept. 20. Yields fell across the board, with the 30-year Treasury falling by 5 basis points to 4.529%, its lowest point since Sept. 22.

Those moves came after the Federal Reserve signaled in its latest meeting notes that monetary policy will remain restrictive, and gave no indication of cutting interest rates anytime soon.

Chipmaker Nvidia reported its latest quarterly results Tuesday after the bell. The company posted fiscal third-quarter adjusted earnings and revenue that beat expectations, but warned export restrictions on China would weigh on its fiscal fourth quarter.

The New York Stock Exchange is closed for Thanksgiving on Thursday and will close early on Friday.

Portfolio:

We enter the new trading session holding positions in IONQ, TSLL, PATH, ASAN, and GEO. All offer outstanding trading set-ups for the weeks to come. Queue continues to ignite and we might have a new opportunity today. Hysterically, a few key sectors we can take advantage of for the next two weeks. Technically, this market is doing as we expected and pinpointed to each of you over the last several months. Now the real excitement begins for what's to come.

Please allow us to wish each and everyone of you here in the U.S. an outstanding Thanksgiving. It's a perfect time to reset, rest, and prepare to end the year. All the best!