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Happy Thanksgiving! Hope you are all doing well.  The S&P 500 and the NASDAQ posted modest gains, recovering from their small losses in the previous week. The Dow, however, slipped in a week that produced strong gains for technology stocks like Apple.  I have broken down this week’s news using quotes about Thanksgiving.

Let gratitude be the pillow upon which you kneel to say your nightly prayer.

— Maya Angelou

Corporate CEOs have a lot to be grateful for.  Figures from the just-completed quarterly earnings season show that profits at S&P 500 companies climbed an average 39% compared with the same quarter a year earlier.  That’s the third-largest quarterly increase since 2010.

The turkey. The sweet potatoes. The stuffing. The pumpkin pie. Is there anything else we all can agree so vehemently about? I don’t think so

— Nora Ephron

In the spirit of coming together, members of both parties put aside their differences and voted for a piece of legislation.  President Biden’s two major economic packages gained momentum. On Monday, he signed into law a $1.2 trillion measure to upgrade traditional infrastructure. On Friday, the House passed a larger package addressing human infrastructure needs. That proposal now heads to the Senate, which is expected to trim the measure in terms of price and policy scope.

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