Night Market Briefing Ahead Of PCE Data

Quick Message Ahead Of Our Weekend Report

Hello traders and investors,

I have been waiting all week to write to you guys as I was waiting for the Amazon [NASDAQ: AMZN] and Apple [NASDAQ: AAPL] earnings to be announced so I can have a better understanding of the consumer demand we can expect going forward.

Amazon fell as much as -20% in the after-hour session following their earnings announcement. Their guidance was soft and frankly, I think it was too soft and it will be easy-to-beat that guidance for Q4, in our opinion.

The stock is down well over 35% on the year to date and that is because the market has already been pricing in this slowdown in the market and AMZN 0.00%↑ .

The Federal Reserve

The FED is watching and listening to earnings and guidance on the FANG stocks. I believe this will cause a less hawkish tone during J. Powells upcoming FOMC speech.

🚨CORE PCE DATA 8:30AM TOMORROW