11/8/2020 Weekly Market Outlook

Last week provided nothing short of a wild-ride in terms of the news cycle.

Particularly interesting is that the presidential race in the US was called on a Saturday, and with the amount of information that shows there is likely to be some strength to the lawsuits against the counting process.

This will make for an interesting week ahead, particularly in the stock & currencies markets.

Beyond Meat & a number of popular cannabis names will be reporting earnings this week, along with some energy companies, which will provide interesting market movements.

In the US, the JOLTS Job Opening report comes out Tuesday, which will be worth examining as it will likely begin to show more seasonal employment changes, along with some FED speeches & the Unemployment numbers.

These will give better insights into the current state of the economy in the US, and give some idea as to how far ahead of itself the market has become.

FX markets will also be a good indicator as to what’s to come, along with bonds across the globe.

There will likely be some volatility that traders can take advantage of, and that longer-term investors can use as entry points on their favorite stocks, whether to establish new positions or to build upon existing ones.

All in all, it’s going to be a fun week in the markets, but certainly one to keep a watchful eye on.

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