Stock Market recap for the week of Nov. 7th. - Thank you to those that served.

2022-11-11

Good afternoon and welcome to Quiver Financial news and this weeks episode of our Market Recap. Today is Friday Nov. 11st and these are the top stories for the week of Nov. 7th. Well the massive short squeeze that we talked about last week did push the markets to a rally. The Nasdaq has had its best week since 2020. This means if the bulls can hold their ground we could see a rally into year end. If this happens we could see a sentiment shift and the talking heads saying the recession is o...

Good afternoon and welcome to Quiver Financial news and this weeks episode of our Market Recap. Today is Friday Nov. 11st and these are the top stories for the week of Nov. 7th.

Well the massive short squeeze that we talked about last week did push the markets to a rally. The Nasdaq has had its best week since 2020. This means if the bulls can hold their ground we could see a rally into year end. If this happens we could see a sentiment shift and the talking heads saying the recession is over and its all clear. Causing a bull trap. We have said from the beginning of the year. Bear Markets tend to cause the most frustration to the most amount of investors. Trade cautiously.

Bonds this week also had a lot of volatility. Rates on the longer term Treasuries dropped over 30 basis points. This are huge moves for the bond markets. I imagine this is a reset type of action and we could see a lot more volatility in the weeks or months ahead. Bond markets were closed today in observance of Veterans day.

Along with rates taking a breather the dollar too had a substantial pull back this week. I am guessing this is a reset as well and we will see the dollar rally back as this recession deepens. This is Not trading advice just something to watch out for.

Inflation for the Month of October came in at 7.7. leading many to believe that inflation has peaked. However, grocery prices jumped over 12%. Only time will tell if inflation has truly peaked. Either way, higher inflation is here for some time.

In other news and something that will have a small impact on equity markets. The Crypto exchanged FTX filed for bankruptcy. This has only caused skeptics to dig their heels in deeper to the thought the crypto is just a bubble. No matter your view, if the carnage continues it will have some effects felt in the broader markets.

And those are the top stories from this week that investors should be paying attention to. Thank you for listening and Stay tuned for next weeks Market recap.

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