Light would be the best way to describe this past week. With the Thanksgiving holiday occurring on Thursday, many investors were thinking about turkey rather than trading. As such, the week saw meaningless share volumes pretty much across the board. That light volume saw the markets ebb and flow as only a handful of traders and investors were “manning the machines.”
The amount of hard economic data was also light this week. After a few big pieces of info—such as consumer confidence, GDP and durable goods—much of the released data had zero effect on the overall markets, as did the few earnings reports during the early portion of the week.
And yet, the markets did see some pretty decent swings.
Going into next week and the real start of critical shopping holiday season, investors will be looking at whatever data is released to see if they can actually predict what the Fed will do with regards to interest rates.
