Notes Today:  

• The Dow rallied 337 points today as Nasdaq closes at a record high ahead of one more stimulus meeting. 

The Port of Los Angeles processed 980,729 Twenty-Foot Equivalent Units (TEUs) in October, an increase of 27.3% compared to October 2019. Propelled by replenishment of inventories and retailers preparing for upcoming holidays, October marked the busiest month in the Port’s 114-year history.

• YoY, overall cargo volumes lag by 5.3% compared to 2019. 

• Japan Exports (YoY) at -4.2%,