Even though market activity is subdued this week due to Thanksgiving, tomorrow, analysts and investors are still strapping in to withstand the mountain of economic data to be dumped on them today. Along with the weekly initial jobless claims, today also will bring the University of Michigan’s consumer sentiment and mortgage applications survey, the U.S. durable goods orders report for October and November’s Purchasing Managers Index (PMI) score. Even with moderate expectations for the durable goods and PMI figures, analysts don’t believe there will be much negative feedback from investors. Not with all of that holiday cheer ready to leak out.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: