As we approach the Thanksgiving holiday here in the US, we are likely to see price volatility and volume dry up. That is what I think we saw, in part, yesterday, as the S&P 500 closed down by about 10 basis points on day after trading up by about 20 or so basis points earlier in the trading session. The sector performance, as shown below, was mixed.
Ditto for the supply/demand dynamics. Largely outside of higher demand for healthcare stocks and increase supply in the telecom and utility names, the demand and supply appears balanced on the day.
Ditto for the supply/demand dynamics. Largely outside of higher demand for healthcare stocks and increase supply in the telecom and utility names, the demand and supply appears balanced on the day.
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