- Heading into Thanksgiving I do not expect any surprises. Ultimately this should be a relatively benign week.
- It will be interesting to see if the PCE index can retreat to 2% year over year and whether the Fed will consider this as having met their 2% mandate.
- The DXY has been on a tear, reaching higher than I or seemingly most had anticipated. Friday’s candle appears to have set up a blowoff top.
- The Trump trade continues to bolster risk assets. Crypto has particularly benefitted from the election, however signs suggest BTC is topping at the psychological 100,000 mark.
