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Fed’s Favorite Inflation Gauge Arrives Thursday: Will Data Bolster Bets On 2024 Interest Rate Cuts? Plus: 5 ETFs To Watch

The Bureau of Economic Analysis will release the PCE index, an inflation indicator closely watched by the Federal Reserve, on Thursday. Economists forecast a 3% year-on-year increase and a 0.1% month-over-month rise.

AAPL

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Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What’s Driving Markets Wednesday?

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.

BILI

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US Stocks Rebound As Treasury Yields, Dollar Fall On Dovish Fed Remarks, Gold Hits $2,040: What’s Driving Markets Tuesday?

U.S. stocks experienced a welcome resurgence on Tuesday, buoyed by the latest comments from Federal Reserve officials.

BTC

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Consumer Confidence Rises More Than Predicted In November, But An Early Recession Signal Flashes

U.S. consumer confidence rebounded in Nov. despite lingering concerns, with generational divides in sentiment & a dip in inflation expectations. Stock & currency markets showed little reaction, with interest rates likely to remain unchanged in Dec. & 4 rate cuts in 2024.

QQQ

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S&P 500’s 2024 Target Of 5,000: Bank of America’s Optimistic Forecast Diversifies Beyond Magnificent 7

Bank of America forecasts S&P 500 to reach 5,000 points by 2024, a 10% leap from current standings. Cyclicals and automation to drive growth, while tech faces regulatory scrutiny, crowding and valuation risks.

AAPL

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US Stocks Slip, Tech Rises On Solid Holiday Sales, Treasury Yields Soften: What’s Driving Markets Monday?

U.S. stocks are kicking off the week with a slight dip, as all major indices trade in the red in New York, except for the tech stocks of the Nasdaq 100, which are showing positive momentum following the release of encouraging data after Black Friday.

ALB