Looks like we’ll see some sideways action today and then I think the markets go green. Investors are awaiting the second estimate of U.S. third-quarter gross domestic product. The data are due at 8:30 a.m. Eastern time. The first estimate released in October showed that the U.S. economy in the July-through-September quarter expanded at a 2.5% annual rate. The Federal Open Market Committee will release minutes from its November meeting at 2 p.m. Eastern.
Late last night I put all of my thoughts into video format – I hope you enjoy.
We have class tonight from 9 p.m. EST – 10 p.m. EST and I’ll have a small assignment out midday for anyone who wants to participate.