Author: Zac Martin, Investment Associate
Week Ending November 29th – Thankful for 6,000
Consumer Confidence continued to improve in November due to labor market optimism and a near-term positive income sentiment.
The Q3 second estimate for US real GDP was unchanged from the preliminary estimate: US GDP grew 2.8% in Q3.
Personal Consumption Expenditures accelerated slightly to a 2.3% increase year-over-year, compared to last month’s increase of 2.1%.
FOMC Meeting Minutes revealed that committee members have remained confident about their progress towards the 2% inflation target. Additionally, several members noted that an increase on the supply side of the economy is likely driving the recent increase in overall activity, therefore, not inflationary.
The week ahead:
ISM Manufacturing (12/2)
JOLTS report (12/3)
ISM Services, ADP Employment Survey (12/4)
Nonfarm Payrolls & Unemployment Rate (12/6)
Earnings: CRM (12/3), DLTR, HRL, CPB (12/4), KR, DG, BF.b, TSCO, LULU, ULTA (12/5)
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