Last week inflation data and the Fed launched us up towards the highs on the indices with its decision to continue to hold rates steady. This made for a rally last Wednesday afternoon that you would have loved if you were long. The markets stalled Thursday though and opened and closed lower on Friday, but it was still a fantastic week with the S&P 500 ($SPX) (SPY) closing higher by around 2% on the week. This sentiment was magnified in tech with QQQ finishing the week up over 3%.
This upcoming week is pretty quiet heading into the Holiday with some consumer data and some housing information due out throughout the week. Volume could also start to slow down as the week progresses and we head into Christmas.
