
Last week the market finished green again with the S&P 500 ($SPX) (SPY) finishing up almost 1%. This makes it the 8th consecutive week with the SPY finishing higher than it opened. Two of the big events last week were the Fedex (FDX) earnings and the PCE release Friday morning. Fedex missed earnings and revised down the future forecasts which led to the stock being down over 11% after the release.
PCE also was a miss on Friday, but that is a good thing showing that the price of consumer goods is slowly starting to normalize and come down. This week we have the Christmas Holiday and very limited news releases.