Weekly Market Update: November 25, 2024
11/25/24
Markets Await PCE Data in Holiday-Shortened Week
Third quarter earnings season has effectively concluded with 95% of S&P 500 companies reporting results. With earnings season in the rearview mirror, the first two days of the holiday-shortened week is light on market moving data releases. Trading volume will likely be low throughout the week as market participants take time off for Thanksgiving. However, the October PCE report is released on Wednesday, which contains the all-important core PCE Price Index – the Fed’s preferred measure of inflation. It should be noted that reduced liquidity can amplify swings in asset prices.
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