What I'm Watching In November: Midterm Madness, Nvidia, And Walmart

What happened: The author expects November to bring heightened volatility driven by US midterm elections, key macro data (CPI, payrolls), OPEC+ decisions, and earnings from Nvidia and Walmart. Why it matters: The author expects CPI to remain somewhat hot and payrolls to print below consensus, supporting a choppy equity market and a tactical trading approach. Persistent inflation, AI trade uncertainty, and geopolitical risks limit a clear path higher for equities, though volatility may create alpha opportunities.

The author expects November to bring heightened volatility driven by US midterm elections, key macro data (CPI, payrolls), OPEC+ decisions, and earnings from Nvidia and Walmart.

The author expects CPI to remain somewhat hot and payrolls to print below consensus, supporting a choppy equity market and a tactical trading approach. Persistent inflation, AI trade uncertainty, and geopolitical risks limit a clear path higher for equities, though volatility may create alpha opportunities.