The View from 5th Avenue

The View from 5th Avenue – 11 November 2022

Yesterday’s momentum continued into today, with markets finishing up strong once again and closing out the best week since June. The optimism was a shampoo effect from yesterday’s inflation number which showed prices are cooling --- but for the record the number is still 7.7%! This morning started with University of Michigan consumer sentiment, which came in at 54.7 below estimates (59.5) with one-year inflation matching estimates at 5.1%.

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