Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of PreMarket Prep joins us to recap the inflation data this week, geopolitics news on Friday and the start of Q4 earnings season. As Joel points out markets are relatively flat with a clearly defined resistance level very close to all time highs.
While the inflation data this week and geopolitics had some short term impacts on markets, Joel is most focused on Q4 earnings. So far he has noted weakness on the back of initial earnings reports and will be watching guidance provided by companies over the next few weeks.
Click here to visit Joel’s PreMarket Prep website to keep up to date on his market commentary.