Coach Mark here.

We have a relatively light week on the economy front as we head into the Thanksgiving holiday. Nivida’s earnings after the bell on Tuesday certainly is the highlight of the week. After tech and Mag 7 have run so furiously over the last few weeks, Nvidia’s earnings is an interesting temperature check for the market. Will institutions use it as an excuse to offload shares or will the earnings be so good that it serves as a catalyst for all of tech to take that next leg up even in overbought conditions? All eyes will be on the report Tuesday afternoon for sure.

On the economic front it is a light week. FOMC minutes are released on Tuesday, although after the inflationary numbers it is hard to say the market will put any weight on them. Unemployment claims is Wednesday’s highlight and Flash PMI numbers come in just before the shortened trading day on Friday. The PMI number release will be interesting (even on a short trading day) with the conversation turning from inflation and The Fed to the strength of the economy.

We will break down the whole week ahead in the Halftime Report today and don’t forget to check out the Trading Justice podcast where I had a great conversation with my brother on the macro landscape, what areas of the market we prefer, gold and oil. You can find it here. Have a great start to your week!

Chart of the Day: Nvidia (NVDA)

The event of the week will be Nvidia’s earnings. Can they create another batch of bullish momentum?

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