{"id":72330,"date":"2023-11-27T08:58:51","date_gmt":"2023-11-27T13:58:51","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72330"},"modified":"2023-11-27T08:58:51","modified_gmt":"2023-11-27T13:58:51","slug":"coffee-with-greta-can-the-rally-continue","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/11\/27\/coffee-with-greta-can-the-rally-continue\/","title":{"rendered":"Coffee With Greta: Can The Rally Continue?"},"content":{"rendered":"

Register now<\/a><\/strong> for this week's free trading Q&A on LinkedIn with crypto expert and trader John Divine!<\/p>\n

DJIA Futures: <\/b>-58 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>-7 (-0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-16 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping after Wall Street\u2019s fourth straight winning week.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Futures Slip, Yields Fall<\/span><\/h2>\n

Both stocks and yields are down this morning as traders look to build on the market\u2019s four-week winning streak.\u00a0<\/span><\/p>\n

The 10-year Treasury yield is down 3 basis points at 4.45% with the 2-year yield down 3 basis points at 4.93%.<\/span><\/p>\n

This will be a busy week of economic data and Fed speakers.<\/span><\/p>\n

Here are the highlights:\u00a0<\/span><\/p>\n

    \n
  • Monday: New home sales<\/span><\/li>\n
  • Tuesday: S&P Case-Shiller home prices, consumer confidence, Fed\u2019s Waller, Goolsbee, Bowman, and Barr speak<\/span><\/li>\n
  • Wednesday: First revision Q3 GDP, advanced goods trade balance, Fed\u2019s Mester speaks, Fed beige book<\/span><\/li>\n
  • Thursday: Weekly jobless claims, PCE price index, personal spending and incomes, Fed\u2019s Williams speaks, pending home sales<\/span><\/li>\n
  • Friday: ISM manufacturing index, construction spending, Fed\u2019s Barr, Goolsbee, and Powell speak<\/span><\/li>\n<\/ul>\n

    Oil Falls Further<\/span><\/h2>\n

    Oil prices are falling again ahead of this week\u2019s OPEC+ meeting.\u00a0<\/span><\/p>\n

    West Texas Intermediate crude futures are down 0.8% at just under $75 bbl while Brent crude futures are down 0.7% at just under $80 bbl.\u00a0<\/span><\/p>\n

    Both contracts rose slightly last week, the first weekly gain in five weeks.\u00a0<\/span><\/p>\n

    Analysts expect Saudi Arabia and Russia to extend voluntary supply cuts into early 2024, which would boost prices.\u00a0<\/span><\/p>\n

    OPEC+ is set to meet November 30.<\/span><\/p>\n

    E-Commerce Stocks Rise<\/span><\/h2>\n

    E-commerce stocks are rising this morning as Cyber Monday kicks off.\u00a0<\/span><\/p>\n

    Amazon <\/b>(AMZN) shares are up 0.9%, with <\/span>eBay <\/b>(EBAY) rising 0.4%, <\/span>Walmart <\/b>(WMT) up 0.2%, and <\/span>Etsy <\/b>(ETSY) rising 0.8%.<\/span><\/p>\n

    The jump comes as new data shows a strong start to the holiday shopping season.\u00a0<\/span><\/p>\n

    Adobe Analytics\u2019 holiday shopping trends data for 2023 shows online spending on Black Friday totaled $9.8 billion.\u00a0<\/span><\/p>\n

    That was up 7.5% compared to last year.\u00a0<\/span><\/p>\n

    Adobe expects Cyber Monday sales to hit $12 billion, which would be up 6.1% from last year.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Register now for this week’s free trading Q&A on LinkedIn with crypto expert and trader John Divine! DJIA Futures: -58 (-0.2%) SPX Futures: -7 (-0.1%) NASDAQ Futures: -16 (-0.1%) Good morning friends! Futures are slipping after Wall Street\u2019s fourth straight winning week.\u00a0 Let\u2019s get right to it! Futures Slip, Yields Fall Both stocks and yields are down this morning as traders look to build on the market\u2019s four-week winning streak.\u00a0 The 10-year Treasury yield is down 3 basis points at 4.45% with the 2-year yield down 3 basis points at 4.93%. This will be a busy week of economic data and Fed speakers. Here are the highlights:\u00a0 Monday: New home sales Tuesday: S&P Case-Shiller home prices, consumer confidence, Fed\u2019s Waller, Goolsbee, Bowman, and Barr speak Wednesday: First revision Q3 GDP, advanced goods trade balance, Fed\u2019s Mester speaks, Fed beige book Thursday: Weekly jobless claims, PCE price index, personal spending and incomes, Fed\u2019s Williams speaks, pending home sales Friday: ISM manufacturing index, construction spending, Fed\u2019s Barr, Goolsbee, and Powell speak Oil Falls Further Oil prices are falling again ahead of this week\u2019s OPEC+ meeting.\u00a0 West Texas Intermediate crude futures are down 0.8% at just under $75 bbl while Brent crude futures are down 0.7% at just under $80 bbl.\u00a0 Both contracts rose slightly last week, the first weekly gain in five weeks.\u00a0 Analysts expect Saudi Arabia and Russia to extend voluntary supply cuts into early 2024, which would boost prices.\u00a0 OPEC+ is set to meet November 30. E-Commerce Stocks Rise E-commerce stocks are rising this morning as Cyber Monday kicks off.\u00a0 Amazon (AMZN) shares are up 0.9%, with eBay (EBAY) rising 0.4%, Walmart (WMT) up 0.2%, and Etsy (ETSY) rising 0.8%. The jump comes as new data shows a strong start to the holiday shopping season.\u00a0 Adobe Analytics\u2019 holiday shopping trends data for 2023 shows online spending on Black Friday totaled $9.8 billion.\u00a0 That was up 7.5% compared to last year.\u00a0 Adobe expects Cyber Monday sales to hit $12 billion, which would be up 6.1% from last year.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":72331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=72330"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72330\/revisions"}],"predecessor-version":[{"id":72334,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72330\/revisions\/72334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72331"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}