since 2008, sending it daily shortly after the market close.
The opinions expressed below are my own
Pass the gravy. Today was slow and investors simply went through the motions. Capital flow was very light at 84% and the tape barely moved. The only news, if you can call it that, was the release of the Fed minutes. They show that the Fed will probably hike in December. This isn’t surprising and Fed Funds futures continue to price a 92% probability of a 25 bip hike on December 13th. US markets are closed for Thanksgivingtomorrow
and the stock market closes early (1 PM ET
)on Friday
. Things *should
* be completely boring but overseas markets are officially in the driver’s seat for the rest of the week so it’s up to them to keep the peace. I’ll see youFriday
.Happy Thanksgiving!
-Mike