Joel Elconin – General Markets Digestion Of Economic Data And The Forward Focus On Retail Sales

Shad Marquitz
November 16, 2021

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website, joins us to unpack the markets now that most of the key central bank news and economic reports have been digested. We start off discussing retails sales and some of the trading in retail companies like Home Depot and Walmart. Next we review other companies slowing growth in store openings due to higher inflation cost inputs, and how that may affect expansion of stores and the construction sector.


We then shift over to currencies, and look at the persistent US dollar strength anticipating higher interest rates, in tandem with it being buoyed by Euro weakness.   In addition, we discuss the recent short-term pullback in the cryptocurrencies,  based on statements from China on energy consumption concerns with the crypto miners.


Joel wraps us up with his year-end outlook with the earnings season wrapping up, and the focus shifting to retail consumption for early holiday buying and the potential of another Santa Claus Rally.

Click here to visit Joel’s site to keep up to date on all key market moves – PreMarket Prep. 

    Nov 16, 2021 16:54 PM

    David Einhorn’s Greenlight Capital adds new position in iShares Silver Trust, Canoo exited, ODP position raised

    – Nov. 16, 2021

      Nov 16, 2021 16:51 PM

      Saw that noteworthy purchase.

    Nov 16, 2021 16:48 PM

    Fed’s Bullard say’s The Fed should tack “Hawkish” in the next couple of meetings. I guess Bullard thinks he has the wind at his back, and he can sail into the sunset. This word tack to describe Fed policy is going to make The Fed sheep babble on about it endlessly for at least the next two to three months. I wonder what he means? I will tell you what he means, “Big Winds Blow From Empty Caves”. LOL! DT

      Nov 16, 2021 16:57 PM

      I’ve been a grunt on a racing sailboat and learned the hard way that tacking is no fun. It’s bloody hard work.

      Nov 16, 2021 16:37 PM

      The Rime of the Ancient Mariner: “See! see! (I cried) she tacks no more!”

        Nov 16, 2021 16:11 PM

        Bullard has been in that job since 2008, getting fat and lazy front running fed decisions. A little hard work, hawkish tacking would be good for him and his mates.

    Nov 16, 2021 16:29 PM
    2nd article on JP Morgan condoning fraud. Need for a RICO action against JP Morgan and Jamie Dimon.