(CNBC) If history is a guide, the market should do well in the upcoming Thanksgiving holiday week. The S&P 500 was slightly higher in the past week, buoyed by positive economic reports, particularly the unexpectedly strong 1.7% jump in October’s retail sales. There are a number of economic reports in the week ahead. The most important release is Wednesday’s personal consumption expenditures, which includes the inflation measure most watched by the Federal Reserve.
Stocks may be entering an optimal period in the Thanksgiving holiday week
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