The Week Ahead

Traders and investors can look forward to working less this week. Though one cannot really call the week "holiday-shortened", this Thursday will be Thanksgiving Day in the US. Financial markets will be closed but will reopen for a "half-day" regular session on Friday. The closing bells at 11 Wall Street and up at Times Square will ring at 1pm EST on Friday, which is three hours early. This, by the way, will force an economic data dump on Wednesday.

As far as coming macroeconomic data is concerned, this week it all lands on Tuesday and Wednesday. Tomorrow, we'll see the September HPIs from Case-Shiller and the FHFA, while New Home Sales for October hits. The November editions of the Conference Board's Consumer Confidence survey and the Richmond Fed manufacturing Index will both also cross the tape.

Wednesday will bring with it an absolute deluge of numbers as October Durable Goods Orders, October Wholesale Inventories, and October Personal Income and Spending all hit the tape. On top of that, Q2 GDP will be revised, the weekly numbers for jobless claims will print a day early and the data for September PCE price inflation will print. This one rarely surprises and more will be made of it by the media than it really warrants.

This will be a very thin week from a corporate earnings' perspective. That said, there are a few headliners in the mix. Tonight, we'll hear from Zoom Video (ZM), Then Tuesday will bring with it most of the earnings we will see for the week. On Tuesday morning, Best Buy (BBY), and Dick's Sporting Goods (DKS) will report. They will be followed on Tuesday afternoon by CrowdStrike Holdings (CRWD), Dell Technology (DELL), and HP Inc (HPQ).

I am long CRWD.