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Bullish Stats Favor First Trading Day of November
But it's also an FOMC Day
Danny Riley
November 01, 2023
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Our View
We are going to keep things short and sweet today.
The only thing I can say is the markets saw a lot of two-way price action at the end of October. I keep flipping back and forth, but I think we will see some type of year-end rally. I know a lot of people don't think so, but I think Santa will show — it's just a matter of when.
Is it beginning now? It looks like the ES is trying to move up, but it still faces a very large uphill battle. Don’t forget: We have the Fed announcement this afternoon and Powell at 2:30 p.m. ET.