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Daily U.S. Market Update

Michael Reinking, CFA

Sr. Market Strategist

November 28, 2022 at 1:30 p.m. EDT

Welcome back and hopefully you enjoyed the holiday. Last week things quieted down around the holiday with major indices challenging the upper end of their recent ranges. The macro narrative continues to revolve around a weakening economic backdrop and the belief that central banks will begin to slow the pace of rate increases which has caused longer dated yields to move lower. This week there will be plenty of economic data to shed light on the Fed’s next steps as well as a highly anticipated appearance by Fed Chair Powell on Wednesday at the Brookings Institute.

Observed price improvement per dollar traded off exchange has fallen over the course of 2022

Market Insights and Education

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