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Powell says no hurry for Fed rate cuts, how will you adjust your investment strategy?
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Tuesday Market Finally Slows Down, Takes a Post Veterans Day Breather | Live Stock

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Kevin Travers joined discussion · Nov 13 00:17
Tuesday Market Finally Slows Down, Takes a Post Veterans Day Breather | Live Stock
Good morning, traders. Happy Tuesday, November 12. Indexes are pulling back after all three hit all-time closing highs.
My name is Kevin Travers; here is the news about animal spirits moving markets today.
$Shopify (SHOP.US)$ shares climbed 25% after the Canadian e-commerce firm posted Q3 revenue grew more than expected and showed top-line forward guidance for the holiday season.
$Tyson Foods (TSN.US)$ climbed 8%-14% after the firm reported adjusted EPS of 92C, 23C over expectations. The chicken seller pulled revenue of $13.5B,  $200M  above estimates. It was the highest-advancing stock on the S&P 500.
Look for $Spotify Technology (SPOT.US)$ $Occidental Petroleum (OXY.US)$, $Maplebear (CART.US)$ and $CAVA Group (CAVA.US)$ earnings Tuesday night and Disney and Cisco later this week.
Within industries, Tyson Foods leads the Farm Products industrial group higher, as tracked by moomoo.
Tuesday Market Finally Slows Down, Takes a Post Veterans Day Breather | Live Stock
$Crude Oil Futures(JAN5) (CLmain.US)$ fell slightly, near year lows of $65/barrel.
$Bitcoin (BTC.CC)$ finally fell back 3%, after hitting $89.9k, Gold and silver fell       $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market was pulling back Tuesday, with every index falling below all-time highs.
Tuesday Market Finally Slows Down, Takes a Post Veterans Day Breather | Live Stock
Just past 11:13 am ET the     $S&P 500 Index (.SPX.US)$ fell 0.23%, the       $Dow Jones Industrial Average (.DJI.US)$ fell 0.36%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.15%.
Monday night, Minneapolis Fed President Kashkari said the data in the next six weeks will tell whether the Fed should cut rates in December. He will also speak more later in the day on Tuesday.
Speaking Tuesday, Fed Governor of New York Waller talked mostly about payment infrastructure and the role of government in new technology, but he did not mention monetary policy much.
In macroeconomics this week, look for Fed speakers finally taking to the airwaves to talk about monetary policy, a week after cutting rates by 25 bps. Powell will speak on Thursday. Also, watch for Producer Price Index inflation numbers on Thursday and Consumer Price Index inflation numbers on Wednesday.
Yesterday, users watched and balked at the record-high Bitcoin prices. Some said it was finally reaching its top, others said there was more to go!
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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