Peaceful. Tranquil. Calm. You pick the word and that could be the theme of the upcoming week. After the roller coaster ride leading up to the presidential election and the rocket ride afterward, the shortened trading week could be exactly what investors need to clear their heads. The Thanksgiving holiday break and four-day weekend should bring light trading volume to the markets. And that should lead to an overall feeling of easiness. (Check out last week’s Market Glance here.)
Driving that tranquility will be the lack of data. With most traders skipping the entire week, there simply isn’t much being released this week. However, key metrics of labor and industrial health will be released. Investors will also hear from the Federal Reserve via the release of the last FOMC meeting minutes.
As for earnings, they will also be light. The wind down of earnings season and the break will limit the number of firms reporting during the week.
In the end, the shortened trading session should give investors plenty of time to pause and reflect on just how things are going in both the U.S. and the global economy.