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Market Lab Report - Premarket Pulse 11/23/16

Major averages rose yesterday on higher volume. Trump-favored industry groups continued higher. The S&P 500 closed above 2,200, the Dow Industrials closed above 19,000, and the Russell 2000 notched its 13th gain in a row.

Today the Federal Reserve releases its minutes at 2 pm ET. CME FedWatch futures have priced in odds of a 93.5% rate hike when the Fed concludes its two-day meeting on December 14. It is not likely that the minutes will contain any material surprises. Futures are already selling off after a strong GDP number came out earlier this morning.

Tomorrow is Thanksgiving, then an abridged 1 pm ET market close on Friday. We wish all our members the best of Thanksgivings and wish to give our thanks for your support as we mark the start of our seventh year as an investment website.

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