Stock Market Update Monday November 13, 2023 Navigating Mid November Trends A Time of Sideways Consolidation and Bullish Seasonality As we approach the middle of November. Monday's trading session saw a pause in the recent upward momentum, with both the S&P 500 and Nasdaq closing slightly lower than their previous positions. This slight retreat can be seen as a market breather following the substantial run-up in recent times. Interestingly, trading volume in the SPY ETF, a popular proxy for the S&P 500, was notably light. This subdued trading activity is likely in anticipation of the upcoming Consumer Price Index (CPI) data release tomorrow, which investors are keenly awaiting as a potential market mover.