November 16, 2023

Markets:

S&P 500 futures were little changed Thursday as investors looked to extend November’s hot streak.

The moves follow a winning day on Wall Street as investors cheered the latest inflation data. The Dow added more than 160 points, finishing its fourth straight winning session with a gain of around 0.5%. The S&P 500 and Nasdaq Composite climbed about 0.2% and 0.1%, respectively.

October’s producer price index, a gauge of wholesale prices, slid 0.5%. That marked its biggest monthly decline since April 2020.

That came a day after the consumer price index remained flat for October, another encouraging sign for investors hoping the Federal Reserve has seen the path of inflation cool enough to stop hiking interest rates. Tuesday’s session brought the biggest gains for the S&P 500 and Nasdaq since April.

Portfolio:

Another monster day yesterday and we enter the new trading session holding positions in PATH, PLTR, ASAN, and GEO. Well positioned and queue continues to ignite. We expect the markets now to take a breatherbefore the next move higher. Next week has the potential to be extremely bullish for the markets with seasonal trades coming into play. Overall, this market continues to build and technically we're in a monster area. As we stated months ago, the pain trade would be higher and it would ignite a flurry of activity into 2024. The opportunity would be massive for those ready to take advantage of it. The period is just beginning. Understand what the market is presenting you. Let's have a great session.