Three Things to Watch this Week

While over four hundred S&P 500 companies have already reported quarterly results, we still have a couple names to keep an eye on this week: Palantir PLTR, Cronos CRON, Blue Apron APRN, Norwegian Cruise Line NCLH, Party City PRTY, Builders First Source BLDR, Dupont DD, Occidental Petroleum OXY, AMC AMC, Roblox RBLX, DR Horton DHI, Wendy’s WEN, Rivian RIVN, Nio NIO, Beyond Meat BYND, Yeti YETI, and Six Flags SIX, to name a few bigger names that caught my eye. 

In terms of economic data, the focus is going to primarily be on the Consumer Price Index due out Thursday. The October figures are expected to show stubbornly high inflation remains into the end of the year; expectations are for an increase of 8% year-over-year. This week we also have a handful of Fed speakers, Consumer Credit, NFIB Small Business Optimism Index, Jobless Claims, and the Consumer Sentiment data will be out Friday.

Lastly, in terms of markets, we begin the week with crude oil back above $90, and the U.S. dollar near the lower extreme of a range we’ve been in for a couple weeks now, hovering around 112. Yields here in the U.S. remain near the year’s highs with the ten-year yield (TNX) just shy of 4.2% and last week the two-year reaching as high as 4.79% in the CME micro contract (/2YY).

All of this ahead of mid-term elections gives investors and traders lots to stay dialed in on this week.

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