To The Moon

Summary of the week:

Black Friday marks the unofficial start of the holiday shopping season as investors and in another eye FOMC officials would assess Black Friday to determine the current mood of the US consumer.

In such a climate of inflation, consumers are on the lookout for bargains to take advantage of advantageous prices...$Apple(AAPL)$ $Amazon.com(AMZN)$ 

• Adobe Analytics on Friday said Thanksgiving sales hit a record $5.29 billion, even as inflation worries and holiday deals starting as early as October were expected to lead to a 1% decline.

Cyber ​​Monday is expected to bring in $11.2 billion

Black Friday may be the busiest shopping day for in-store shoppers, but Cyber ​​Monday ranks close behind, with 63.9 million consumers expected to spend online, according to National Retail. Federation. Adobe Analytics expects Cyber ​​Monday to generate $11.2 billion in sales, up 5.1% from 2021.

Recall that the S&P 500 Consumer Discretionary Index sector is down 33% year-to-date, more than double the 16% decline of the overall S&P 500 Index $S&P 500(.SPX)$ .

week ahead:

With the festivities over in the US, next week will be busier, with plenty of stats. Investors will be looking for clues about the health of US household consumption, post-Black Friday and Cyber ​​Monday.

Calendar:

Events to watch out for:

• 11/30: Powell + GDP
• 12/1: CORE PCE + ISM
• 12/2: No Farms

SPX levels retained:

• 4000-4020: Area to be monitored
• 4050-4100: Upper area
• 3950-3900: Support area

Thanks for reading and supporting.

@Do_Trading 

@TigerStars