Stock markets recorded their third consecutive week of gains due to lower-than-expected inflation data. The Fed futures market is predicting four rate cuts in 2024. Small-cap stocks, such as those tracked by the iShares Russell 2000 ETF, were the top performers for the week, while the dollar had its weakest week since early July. The S&P 500 Index ended the week up 2.2%, with large-cap tech stocks also experiencing gains. All eleven sectors of the S&P 500 posted positive weekly performance, with real estate and materials sectors performing particularly well. Treasury bonds had their fourth straight week of positive performance as yields decreased. Bitcoin, however, saw a 1.5% decline, breaking its four-week streak of gains. The U.S. inflation rate in October was lower than expected, as was the Producer Price Index and retail sales. Five significant price trends were identified, including changes in gasoline prices and the cost of Thanksgiving turkeys. Walmart reported better-than-expected sales growth but experienced a significant decrease in stock price due to concerns about consumer spending slowdown and deflationary pressures. President Joe Biden referred to Chinese President Xi Jinping as a “dictator” following their meeting at the Asian Pacific Economic Cooperation summit. Benzinga recently hosted an event focused on fintech and digital assets in New York. Thanksgiving week historically sees stock market gains, although these effects are usually short-lived. The release of minutes from the Federal Reserve’s Open Market Committee meeting in November is a key event to watch in the coming week. Earnings releases to pay attention to include Nvidia Corp., Lowe’s Companies Inc., Analog Devices Inc., and Deere & Company. Apple, Lions Gate, and IBM are pushing back against Elon Musk and Twitter over antisemitic content.