After stocks continued to hit record highs last week, the drivers are in place for another decent week of gains. The first full trading week of the month brings a light amount of data and earnings for investors to digest. As long as there are no hiccups coming from overseas, this week should suit traders just fine. (For a refresher on last week’s Market Glance, click here.)
Data released this week should be supportive of higher stock prices. The number of metrics released during the week will be minimal. What’s more, what is being released – measures of manufacturing, employment and consumer health – has been strong in recent readings.
As for profit reporting, with the so-called earnings season pretty much over, the first trading week of December will bring only a small handful of firms reporting. And while there are a few bellwether stocks in the mix, the number is very small.
In the end, the kick-off into December should be an easy one for investors.