Newsletter - December 2021
NEW! Micro Ether Futures - Launching Dec 6
System of the Month: DaG NQ Pair TBO M1C
Many traders choose to diversify their portfolios with algorithmic trading systems. The following system has been selected as the broker's choice for this month.
REQUIRED CAPITAL: $4,600*
PRODUCT: E-Mini Nasdaq future
SYSTEM TYPE: Intraday
COST: $175 / month
COMMISSION: $7.50 per side 
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data.   
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Upcoming Government Reports & Holidays
Dec 01
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Dec 03
Dec 07
Dec 07
Dec 07
Dec 08
Dec 08
Dec 09
Dec 10
Dec 10
Dec 14
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Dec 15
Dec 16
Dec 23
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Dec 25
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Dec 31
CONSTRUCTION SPENDING REPORT
EMPLOYMENT SITUATION REPORT
MANUFACTURERS' SHIPMENTS, INVENTORIES & ORDERS - FULL REPORT
US INTERNATIONAL TRADE IN GOODS & SERVICES REPORT
QUARTERLY FINANCIAL REPORT - MANUFACTURING, MINING, WHOLESALE...
QUARTERLY FINANCIAL REPORT - RETAIL TRADE
JOB OPENINGS & LABOR TURNOVER SURVEY
BUSINESS FORMATION STATISTICS
MONTHLY WHOLESALE TRADE: SALES & INVENTORIES
QUARTERLY SERVICES SURVEY
CONSUMER PRICE INDEX REPORT
PRODUCER PRICE INDEX REPORT
ADVANCE MONTHLY SALES FOR RETAIL & FOOD SERVICES REPORT
MANUFACTURING AND TRADE: INVENTORIES & SALES REPORT
NEW RESIDENTIAL CONSTRUCTION REPORT
NEW RESIDENTIAL SALES REPORT
ADVANCE REPORT ON DURABLE GOODS - MANUFACTURERS' SHIPMENTS...
CHRISTMAS DAY
PRELIMINARY US IMPORTS FOR CONSUMPTION OF STEEL PRODUCTS
ADVANCE ECONOMIC INDICATORS REPORT
NEW YEAR'S DAY
Key Events That Moved the Market in Nov. 2021
The following is a review of US and world events from the last month. Please be advised that this content is based upon the opinions and research of GFF Brokers and its staff and should not be treated as trade recommendations.

S&P 500 Index (SPX) - Daily Chart - Nov 1 - 30, 2021 (Source: Tradingview)

November 1
  • Stocks kicked off the new month with record highs in all three indices. 
  • The Dow jumped 94 points, the S&P advanced 0.18%, and the Nasdaq was the biggest winner gaining 0.35%.
  • The three-month stretch from November to January has historically been strong for the S&P, with an average gain of 4.3% since WWII.
  • However,the market has already bucked the historical trend with a strong October performance.

November 2
  • The record rally continued to roll on today with the Dow, S&P, and Nasdaq gaining 0.39%, 0.37%, and 0.42% respectively.
  • A strong batch of corporate earnings continue to support Wall Street.
  • Tomorrow is the Fed’s FOMC interest rate announcement and the markets are currently in a wait-and-see mode.
  • Analysts are expecting the Fed to announce the start of its tapering process; and investors will be listening closely for hints as to when the Fed may begin raising interest rates.

November 3
  • The broader market welcomed the Fed’s winding down of its stimulus as indexes made solid gains following assurances that rate hikes won’t come anytime soon.
  • The Dow hit triple digit points once again while the S&P notched over half a percent. The Nasdaq shot up over 1% at the close.
  • The tapering was generally expected by the market which embraced the Fed’s expectation that inflation might ease in the coming months, forestalling the need for higher rates.

November 4
  • Stocks continued their rally as the S&P and Nasdaq both hit record highs; the Nasdaq now riding a 9-day win streak (the longest in two years).
  • Jobless claims set another pandemic-era low with only 269,00 claims, giving investor high hopes for tomorrow’s jobs report.

November 5
  • Wall Street cheered evidence of a strong jobs market, finishing out a fifth straight positive week for all three indexes.
  • The Dow gained over 203 points by closing bell while the S&P and Nasdaq, also winners, trailed behind.
  • The October Jobs report showed that 530,000 new jobs were created, nearly 100,000 more than expected.

November 8
  • Stocks finished moderately higher today in very light trading.
  • The Dow and S&P ended the day in the green while the Nasdaq ended modestly down -0.14%.
  • Notably, Bitcoin futures rose today by more than 8%.

November 9
  • The markets took an arguably much-needed breather today with the Dow and S&P falling to around the -0.30% range while the Nasdaq more than doubled that decline.
  • The S&P snapped a nine-day win streak while the Nasdaq snapped an astounding eleven-day win streak.
  • The markets retreated on inflation fears after the October Producer Price Index (PPI) came in at a record 6.8% year over year.

November 10
  • A lofty inflation reading weighed on big growth stocks, driving a second straight daily loss for the indexes.
  • The biggest loser among the three indexes was the Nasdaq which shed -1.44%.
  • The October Consumer Price index (CPI) came in at 6.2%, well above analyst expectations.
  • The October PPI and CPI readings are inflaming the debate on whether the Fed’s “transitory” thesis serves as a reliable projection for the increasing inflationary trend.

November 11
  • Markets were mixed on this Thursday with the Dow declining amid the S&P’s and Nasdaq’s modest gains.
  • With bond markets closed this Veterans day, a quieter yield day led to a rally in the Tech sector, particularly chipmakers.

November 12
  • Stocks moved higher today with the Dow snapping a three-day losing streak. Overall, however, the indexes have snapped a five-week winning streak.
  • Inflation has been the big story this week but its impact on the stock market has been anywhere from mixed to uncertain.

November 15
  • Stocks kicked off the week on a quiet note with all indexes fractionally lower but still hovering near record highs.
  • All three indexes were nearly unchanged by the end of the day despite declines.
  • Investors are keeping their eye on retailers as all major brands are slated to report earnings this week.
  • President Biden is set to sign one of the biggest infrastructure bills in history, unlocking more than $550 billion in funds for utilities, transportation, and broadband.

November 16
  • The broader market finished the day higher with the S&P just shy of another record close.
  • Strong retail earnings boosted the market and indicated that consumers are doing find despite rising prices.

November 17
  • Stocks traded lower today with the Dow taking the lion’s share of the hit, down -0.58%.
  • Target and Lowes reported strong earnings but it wasn’t enough to boost share prices or even the broader market for that matter. 
  • Overall, investors backed away from economically cyclical shares after its strong weeks-long.

November 18
  • It was a mixed market close, the Dow lost a mere 60 points amid gains in the S&P and Nasdaq.
  • Retailers are posting robust earnings beats but right now it’s all about the margins.
  • Tech stocks are also performing well particularly among chipmakers.

November 19
  • The broader market held steady to preserve a slim gain as worries over rising Covid cases brought fear of another Covid-shadowed winter.
  • The Nasdaq was the only index that ended in the green.
  • While the market isn’t questioning the US recovery narrative, investors are periodically rotating into and out of so-called “recovery trades,” switching between growth stocks and industrials, banks, and small caps.

November 22
  •  Wall Street had a mixed response to the news that Fed chair Jerome Powell will return for a second term.
  • Sectors linked to better economic growth were boosted while tech shares plummeted.
  • The Dow ame out with modest gains while the S&P and Nasdaq ended the day in the red.

November 23
  • The tech-heavy Nasdaq saw another challenging day although economically sensitive sectors were boosted enough to push the Dow and S&P to modest gains.

November 24
  • Stocks found firmer footing ahead of the Thanksgiving break.
  • Government data showed unexpectedly strong personal income and spending for October along with an unexpectedly steep drop in jobless claims, both solidifying the idea that the economy has been accelerating after a late summer slowdown.

November 26
  • Stocks were jolted by news of a new potential Covid threat. The indexes suffered their worst drop in months in holiday-thin trading.
  • The Dow ended the trading session down over -905 points while the S&P and Nasdaq suffered a -2.27% and -2.09 drop, respectively.
  • Investors dumped travel-related and financial stocks while reaching for bonds and stay-at-home plays.

November 29
  • Indexes clawed to start the week, the Dow recovering a fourth of its 900 point drop last Friday.
  • President Biden’s comments that lockdowns are certainly off the table boosted investor sentiment. 
  • However, the rally was not broad as there were around 6 stocks advancing for every 5 declining.

November 30
  • Stocks plummeted again as Fed Chief Jerome Powell said that the central bank may speed up their stimulus tapering even amid the new omicron variant’s spread.
  • The Dow fell over 600 points while the S&P and Nasdaq were down -1.59% and 1.72% respectively. Small caps were the hardest hit with the Russell 2000 down nearly 3%.
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*Details regarding DaG NQ Pair TBO M1C: Please be aware that the suggested capital to trade this system is $25,000. Please speak to your broker for more information about this trading system. The returns for the systems listed are hypothetical in that they represent returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data.
 
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
 
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

There is a substantial risk of loss in trading futures, options and forex. Past performance is not necessarily indicative of future results. Margins are subject to change at anytime without notice. All material herein was compiled from sources considered reliable. However, there is no expressed or implied warranty as to the accuracy or completeness of this material.