Charts I’m Watching: Nov 27, 2023

Futures are off slightly on low volume in advance of a lot of important economic data: tomorrow’s consumer confidence, Wednesday’s GDP, Thursday’s personal income and PCE, and Friday’s ISM manufacturing.

We’ve been wondering whether a pullback – any pullback – was in the cards before the end of the year. With VIX being hammered Friday to its lowest level since Jan 2020 – well before the market peaked two years later – the bears are feeling understandably depressed.

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