Market Review and Trends
10 Minutes Weekly Picture: Growing Covid Protest Spreads Across China But Disconnect Already Expanded With Global Economies , Trading Ideas: $TME $RYAM $MNSO $TGTX (28th November 2022 – 2nd December 2022)
By Jeff Sun Trading  •  November 28, 2022
It was another winning week for the stock market amid thinner holiday trading conditions. S&P 500 is up 1.5%, while tech heavy Nasdaq Composite also closed the week on a positive note with a gain of 0.7%. The gains were consistent with a seasonal bias considering the market normally trades with a positive disposition during Thanksgiving week. Friday’s U.S. jobs report for November will be the main highlight of the coming week as investors remain hopeful that the Federal Reserve will soon slow the pace of rate hikes. Remarks by Fed Chair Jerome Powell mid-week will be closely watched. PMI data out of China will also be under the spotlight amid concerns over a resurgence of COVID cases there. Here’s what you need to know to start your week. 1. Fed Chair Powell Speaks Fed Chair Jerome Powell is to discuss the economic outlook during an appearance at the Brookings Institution on Wednesday.
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By Jeff Sun Trading
Jeff Sun is a independent trader, an accredited investor (Securities and Futures Act, Singapore), and an avid private/public equity real estate, and specialist builder engineering firms investor, with Certified Financial Technician (CFTe) accreditation by the International Federation of Technical Analyst; and graduand of (with distinction) Institute of Trading and Portfolio Management.
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