Breather.
Robert R. Fragnito
Chief Operating Officer | Financial Advisor | Portfolio Manager at MCF Capital Management, LLC
U.S. stocks are trading mixed, heading into the final hour of trade. ???
???? MARKET OVERVIEW
Stocks traded mostly in negative territory but bounced off their intraday lows into the close, a day after the Dow Jones, S&P 500, and Nasdaq Composite hit new all-time highs.
U.S. Treasury yields rose as traders returned from the Veterans Day holiday, contemplating President-elect Donald Trump's policy impact on growth and inflation.
The U.S. dollar continued to strengthen, along with oil futures, while gold prices slipped.
Investors continued monitoring updates on President-elect Donald Trump's appointments. The Wall Street Journal reported Tuesday that Trump selected Florida Senator Marco Rubio as secretary of state and Congressman Mike Waltz as his national security adviser.??
Investors continued parsing through commentary from Fed officials on Tuesday and awaited Wednesday's Consumer Price Index (CPI), a key inflation gauge.
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Looking Ahead
The advance stocks paused on Tuesday as traders digested rising yields and monitored developments on Trump's nominations. A mild retreat after a significant rally in the past week is a healthy development.
We maintain our positive outlook on financial markets and will extensively analyze tomorrow's CPI data.
OUR FIRM
MCF Capital Management, LLC is an independent, family-run, financial advisory firm that manages investment portfolios for individuals and businesses through Quantitative Market Data Analysis.
THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INVESTMENT ADVICE.?
???SOURCES:?LSEG Workspace, Dow Jones NewsPlus, MarketWatch, Wall Street Journal, Barron’s, FinancialJuice, Investing .com, CNBC, Reuters, Wells Fargo Investment Institute, TradingView, Zacks