The Market Brief
U.S. futures cautiously higher during early trading on Thursday as traders are now waiting for Thursday’s US inflation reading for pointers on the path for interest rates
Impact Snapshot
🟥 U.S. CPI Inflation - 8:30am
🟥 Unemployment Claims - 8:30am
Macro Viewpoint
Stocks edged higher after a strong outlook from the largest U.S. memory-chip maker helped steady markets, easing a tech-led pullback on a packed day for economic data and central bank updates.
Thursday’s focus includes U.S. November inflation figures, alongside interest-rate decisions from the European Central Bank and the Bank of England.
We’re heading into a historically strong seasonal window starting next week.
The S&P 500 has averaged a 1.98% gain from December 1 to 31, with 1.77% of that coming between December 17 and year-end. The one- and two-week periods starting December 24 rank in the 96th percentile for performance
🔄 Prior Session re-cap
In the video below, we explain how context can help us adjust our expectations for the session ahead by understanding the market’s environment.
We share some insights into what to look for in acceptance vs rejection, how dealers are forced to sell into weakness during a negative gamma regime which naturally amplifies volatility and allows us to look for extended profit targets.
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